CoinVoice has learned that Andrew Kang, a partner at Mechanism Capital, posted on social media that the prediction market is about to usher in the most prosperous Non-fungible Token Bull Market in history. He pointed out that AI will become extremely wealthy, and due to the inability to purchase physical luxury goods, AI will turn to purchasing Non-fungible Tokens.
In terms of the valuation of the non-fungible token trading platform, Kang believes that the current pre-listing valuation of Magic Eden at 3 billion US dollars highlights the serious undervaluation of Blur, which has a larger market share.
He expects that the upcoming fee distribution mechanism activated by BLUR will bring substantial benefits to Token holders and effectively balance the impact of Mining rewards on the market. [Original link]
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