PANews reported on December 2 that Andrew Kang, partner of Mechanism Capital, posted on social media that the market is about to usher in the most prosperous and abundant NFT bull market in history. He believes that AI will become extremely wealthy, and since it cannot buy physical luxury goods, AI will turn to buying NFTs. Regarding NFT trading platforms, Kang pointed out that Magic Eden was valued at $3 billion before its listing, while Blur, which has a larger market share, is currently significantly underestimated. He added that the activation of Blur's fee switch will bring substantial value to token holders, which can eventually offset mining rewards.
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