PANews reported on December 2nd that Andrew Kang, a partner at Mechanism Capital, stated on social media that the market is about to usher in the most prosperous and abundant Non-fungible Token Bull Market in history. He believes that AI will become extremely wealthy, as it will turn to purchasing Non-fungible Tokens due to the inability to buy physical luxury goods. Regarding the Non-fungible Token trading platforms, Kang pointed out that Magic Eden was valued at 30 billion U.S. dollars before listing, while Blur, which has a larger market share, is currently significantly undervalued. He added that the activation of Blur’s transaction fee switch will bring substantial value to Tokenholders, ultimately offsetting Mining rewards.
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