one of the more practical things FungoLabs is building is the sealed-bid auction for their Genesis sale. bids are placed in cZAMA (the confidential version of ZAMA). the price and quantity stay encrypted until the auction ends. no one can see what others are bidding while it’s open. when it closes, the lowest winning bid becomes the clearing price and every winner pays that same amount. you get a refund for anything above it. For example: if only the top bids win and the lowest of those is the price everyone pays, people can’t just undercut or copy each other in real time. you bid what you think it’s worth and only pay the final price if you get in. it’s a small piece of the overall system, but it’s one of the first places the encryption is actually being used for something concrete instead of just locking data away. This reminds me of the zama sale system I am glad we are seeing it being used again. @FungoLabs