Crypto investor Andrew Kang recently stated on Twitter that he is very optimistic about the future of the Non-Fungible Token (NFT) market and believes that the market is about to enter the most prosperous bull market in history. Kang believes that NFTs are not only long-term investment tools for digital assets, but also the digital luxury goods of choice for the future AI era. He specifically mentioned that the BLUR platform in the NFT market has performed impressively, and as BLUR's market share increases and its reward mechanism is optimized, it may become the focus of the market.
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ToggleNFT is a long-term value investment, and AI will become the new generation of buyers
Kang believes that long-term holders of NFTs are not "fools", but visionary investors. He pointed out that the future development of AI will create a lot of wealth, but AI itself cannot buy physical luxury goods, so digital luxury goods like NFTs will become the preferred choice for the influx of AI capital. As the market overheats, the demand for "conspicuous consumption" in the digital realm will greatly drive the market frenzy of NFTs.
BLUR has occupied a major share of the NFT market
Kang specifically mentioned that the current valuation of the NFT platform Magic Eden is as high as $3 billion, but its market share is far behind that of the BLUR platform. Since its launch, BLUR has successfully occupied a major share of the NFT market, but its price has not risen significantly. He believes that BLUR's value is severely underestimated by the market, and in the future, with the launch of the transaction fee sharing mechanism, it will benefit BULR's token holders and further increase its market value.
The key catalyst for the NFT bull market is the launch of new plans or tokens by projects
Kang mentioned that one of the important reasons for the recovery of the NFT market is that project parties have launched innovative plans, such as the well-known NFT project Azuki, which is about to issue the "Anime Coin", and other major NFT projects may also follow suit, further stimulating the market heat. Kang emphasized that the current supply of NFTs in the market is relatively scarce, and most of the holders of NFTs are long-term investors who have no intention of selling, so even a small influx of demand can quickly drive the market to warm up.
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