SPideError

𝐅𝐮𝐧𝐠𝐨𝐋𝐚𝐛𝐬 𝐢𝐬 𝐛𝐫𝐢𝐧𝐠𝐢𝐧𝐠 𝐞𝐧𝐜𝐫𝐲𝐩𝐭𝐞𝐝 𝐍𝐅𝐓𝐬 𝐭𝐨 𝐭𝐡𝐞 @zama 𝐞𝐜𝐨𝐬𝐲𝐬𝐭𝐞𝐦, 𝐚𝐧𝐝 𝐭𝐡𝐚𝐭'𝐬 𝐰𝐡𝐚𝐭 𝐦𝐚𝐤𝐞𝐬 𝐭𝐡𝐢𝐬 𝐥𝐚𝐮𝐧𝐜𝐡 𝐞𝐯𝐞𝐧 𝐦𝐨𝐫𝐞 𝐢𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐢𝐧𝐠. The Genesis collection from @FungoLabs is minting on November 5, 2026, powered by Zama's FHE technology, introducing encrypted NFTs and a sealed-bid auction where your bidding strategy stays private. 𝐇𝐞𝐫𝐞'𝐬 𝐞𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠 𝐭𝐡𝐚𝐭 𝐦𝐚𝐤𝐞𝐬 𝐭𝐡𝐢𝐬 𝐰𝐨𝐫𝐭𝐡 𝐩𝐚𝐲𝐢𝐧𝐠 𝐚𝐭𝐭𝐞𝐧𝐭𝐢𝐨𝐧. The Genesis collection has a total supply of 3,232 NFTs: • 500 NFTs available for free mint to whitelist holders, gas only • 2,500 NFTs allocated for public auction • 232 NFTs reserved for the team • 1 NFT per account 𝐓𝐡𝐞 𝐚𝐮𝐜𝐭𝐢𝐨𝐧 𝐦𝐞𝐜𝐡𝐚𝐧𝐢𝐬𝐦 𝐢𝐬 𝐰𝐡𝐞𝐫𝐞 𝐭𝐡𝐢𝐧𝐠𝐬 𝐠𝐞𝐭 𝐫𝐞𝐚𝐥𝐥𝐲 𝐢𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐢𝐧𝐠. Bids are placed in cZAMA, allowing participants to choose their price and quantity while keeping both encrypted during the auction. Onchain, only the bidder, timestamp, and number of bids remain visible. Once the auction ends, bids are revealed and ranked from highest to lowest. The lowest winning bid that fills the 2,500 NFT supply determines the final sale price. Every winner pays the same price, and any excess cZAMA is refunded. • Bids above the final price receive their full quantity. • Bids exactly at the final price share the remaining NFTs pro rata. • Bids below the final price receive nothing and get their cZAMA back. 𝐎𝐧𝐞 𝐢𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭 𝐝𝐞𝐭𝐚𝐢𝐥: bids are binding and cannot be withdrawn. Each bid also includes a small non-refundable encrypted bidding fee. If demand stays below 2,500 NFTs, everyone purchases at the lowest bid price. 𝐀𝐧𝐝 𝐭𝐡𝐞 𝐍𝐅𝐓𝐬 𝐭𝐡𝐞𝐦𝐬𝐞𝐥𝐯𝐞𝐬? They mint sealed. Holders decide who gets to see inside. 𝐍𝐨𝐰 𝐥𝐞𝐭'𝐬 𝐭𝐚𝐥𝐤 $𝐅𝐔𝐍𝐆𝐎 𝐭𝐨𝐤𝐞𝐧𝐨𝐦𝐢𝐜𝐬. Total supply: 10B $FUNGO 46% airdrop at TGE • 𝐆𝐞𝐧𝐞𝐬𝐢𝐬 𝐍𝐅𝐓 𝐚𝐥𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧: 36% | 3.6B $FUNGO • 𝐙𝐚𝐦𝐚 𝐎𝐆 𝐚𝐥𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧: 7% | 700M $FUNGO • 𝐗 𝐂𝐚𝐦𝐩𝐚𝐢𝐠𝐧 𝐚𝐥𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧: 3% | 300M $FUNGO • 𝐓𝐞𝐚𝐦 𝐚𝐥𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧: 10% | 1B $FUNGO Each Genesis NFT receives approximately 1.11M $FUNGO, while each Zama OG receives approximately 140K $FUNGO. Personally, what makes FungoLabs interesting is the combination of encrypted ownership, privacy-preserving bidding, and a substantial token allocation for Genesis holders. FHE isn't just being used as a buzzword here. It actually plays a role in how the auction works. November 5 is definitely a date worth keeping on the radar. Privacy, NFTs, and token incentives coming together in the @zama ecosystem. Let's see how @FungoLabs executes this.