
Imagine entering an NFT auction where nobody, not even the blockchain, can see your bid. This imagination builds more attention towards the project. It's a new experiment, too. No copycats. No bot sniping. Just true price discovery. Meet the Fungo Genesis collection by @FungoLabs , launching the first-ever encrypted NFTs on Ethereum. Looking worthy watch to me. Here is how the 3,000 supply breaks down: - 500 NFTs: Free for whitelist members. - 2,500 NFTs: Available via an encrypted, sealed-bid auction. Traditional on-chain auctions let front-runners peek at public bids and outbid you by pennies at the final second. Fungo fixes this using Zama’s fully homomorphic encryption (FHE). Finally community wish getting ful fill from this new shift. Your bid price and quantity remain 100% private and encrypted on-chain until the auction closes. Once it ends, the smart contract reveals a uniform clearing price for every winning bidder, and any excess funds are automatically refunded. Everyone pays the same fair, market-clearing price. The minimum bid price is set to be its sale price at the end. Fair bidding finally arrives on Ethereum this Nov 5. Set your reminders.
