Fungo Labs just launched the first encrypted NFTs on Ethereum. Whitelist free mint is done. Sealed bid auction for 2500 Genesis NFTs is live right now and ends today at 15:30 UTC. Bids stay fully private thanks to Zama FHE. Everyone who wins pays the same clearing price. The 300 million @FungoLabs X Campaign closes at the same time today at 15:30 UTC so submit your best posts before then. These NFTs stay sealed until you decide to show them. https://t.co/VzeCuSlcRr A sealed auction is different from a normal one because no one can see your bid while it’s running. You pick your price and how many NFTs you want. That info stays encrypted the whole time. When the auction ends the bids are opened and ranked from highest to lowest. The highest ones get the NFTs first. The lowest bid that still fills the supply becomes the final price. Every winner pays that one price. If you bid higher you get the extra money back. If you bid lower you get a full refund. Example with 3 NFTs: someone bids 3000, someone bids 1500, someone bids 1000, someone bids 500. The top three win and everyone pays 1000. The person who bid 3000 gets 2000 back. The one who bid 500 gets everything back. Also connect your wallet .