
What if you could own an NFT without showing everyone what's inside it? That's the idea behind @FungoLabs. Most NFTs make everything public. Anyone can see the artwork, traits, rarity, and other details once the NFT is revealed. FungoLabs is trying a different approach using Zama's Fully Homomorphic Encryption (FHE). In simple terms, FHE allows information to stay encrypted while still being used. Here's how FungoLabs applies it: → Every Genesis NFT starts with its information hidden. → Owners can choose when to reveal the artwork. → Important details like class, four stats, and element remain encrypted permanently. → Only the current owner can see these private details. → NFTs can still be traded without exposing their hidden information. How does the November 5 sale work? The total supply is 3,232 Genesis NFTs. * 500 free NFTs are reserved for whitelist members and nominees. You only pay gas fees. * 2,500 NFTs will be sold through a sealed-bid auction using cZAMA. A sealed-bid auction means nobody can see what other people are bidding. When the auction closes, the highest bids win. The lowest winning bid determines one final price for all successful bidders. Any extra payment is refunded, while unsuccessful bidders get their funds back minus a small bidding fee. This helps prevent people from copying other bids or using bots to gain an advantage. Why are these NFTs important? Each Genesis NFT receives an equal allocation of approximately 1,113,861 $FUNGO at TGE. Together, these NFTs represent 36% of the total 10 billion $FUNGO supply. Holders will also receive a permanent share of Launchpad revenue. What makes FungoLabs different? The interesting part is not just owning an NFT. It's having control over what others can see, while keeping important NFT information private even when the asset is traded. FungoLabs is testing whether encryption can make NFT ownership and on-chain auctions more private. That's an interesting direction worth watching.