Andrew Kang: NFTs will become the main investment choice for AI, and the market will welcome the most prosperous NFT bull market in history
Andrew Kang, a partner at Mechanism Capital, posted on social media predicting that the market is about to welcome the most prosperous NFT bull market in history. He pointed out that AI will become extremely wealthy and, unable to purchase physical luxury goods, AI will turn to buying NFTs.
In terms of the valuation of NFT trading platforms, Kang believes that Magic Eden's pre-listing valuation of 3 billion US dollars highlights that Blur, which has a larger market share, is severely underestimated. He predicts that Blur's soon-to-be-activated fee distribution mechanism will bring substantial benefits to token holders and effectively balance the impact of mining rewards on the market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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