Web3Techie 🧡🦺

What if your NFT’s most valuable information was the part nobody else could see? Most NFTs give you something people can inspect. The artwork, rarity, traits and attributes are usually visible to anyone who checks the collection. But imagine owning a game character whose abilities are known to you, while your opponent has no idea what you’re working with. You could use those abilities without revealing them. That’s one of the possibilities @FungoLabs is exploring with encrypted NFTs. Think beyond collectible artwork. Fungo Genesis NFTs have two layers: 1. The Look: the visual artwork, which the holder can keep sealed or permanently publish. 2. The Essence: the class, four stats and element, which remain encrypted onchain. The interesting part is that the Essence isn’t just hidden for privacy. With Fully Homomorphic Encryption, smart contracts can perform calculations on encrypted information without first exposing the underlying values. That changes what these NFTs could be used for. Consider a game built around hidden attributes. Imagine two Genesis NFT characters entering a duel. One has high Energy but lower Will. The other has a different combination of stats. Normally, a game would need to access those values openly to calculate the outcome. With FHE, the game could process the encrypted stats, calculate the result and determine a winner without revealing the actual attributes to either player. Your opponent doesn’t need to know your stats for those stats to matter. That’s a different relationship between ownership, information and gameplay. And gaming is only the beginning of the idea. Fungo’s roadmap has three stages: 1. Genesis: establish the first 3,232 encrypted NFTs. 2. Launchpad: allow other collections to launch encrypted NFTs on Ethereum. 3. The Game: build a game around Genesis NFTs and their hidden traits. This is important because it shows Fungo isn’t positioning encrypted NFTs as a one-off collectible experiment. It’s trying to build infrastructure around them. Other potential applications of this kind of technology include private auctions, games with hidden information and applications where users need to prove or use something without exposing the underlying data. But there’s a distinction worth making. FHE doesn’t make the entire blockchain invisible. NFT ownership and transfers remain public. Developers also have to decide what information and results can be revealed. And Fungo’s game is still on its roadmap, not a released product. Explore the ecosystem: fungolabs.org/

What if nobody could see your bid until the auction ended? In most public auctions, information can influence how people bid. You see someone offering more, so you increase yours. Someone else watches the competition and adjusts their strategy. Before long, you’re not just bidding for the item. You’re reacting to everyone else’s decisions. But what happens when nobody can see what anyone else is offering? That’s the idea behind a sealed-bid auction, and @FungoLabs is bringing it into its encrypted NFT ecosystem. How does Fungo Launchpad approach this? Fungo uses Zama’s Fully Homomorphic Encryption (FHE) to keep bids encrypted while an auction is open. That means other participants cannot inspect your bid and use it to adjust theirs. Your bid remains private until the auction closes. But the interesting part isn’t just hiding the bids. It’s how the final price is determined. One clearing price for every winner. Let’s use a simple example. Imagine there are only 3 NFTs available, and four people submit bids: A bids 3,000 cZAMA. B bids 1,500 cZAMA. C bids 1,000 cZAMA. D bids 500 cZAMA. The three highest bids win. But instead of each winner paying their individual bid, everyone pays the lowest winning bid: 1,000 cZAMA. So: A pays 1,000 and gets 2,000 back. B pays 1,000 and gets 500 back. C pays 1,000. D receives no NFT and gets their bid amount back. That’s a uniform clearing price. The point is that bidding higher doesn’t automatically mean paying more than everyone else. There are a few details worth knowing. For Fungo Genesis, the public auction is planned for 2,500 NFTs, with bids submitted in cZAMA. Participants choose their bid price and quantity. Both remain encrypted while bidding is open. At the clearing price, available NFTs are shared proportionally among bids at that exact price. Also, bids are binding and cannot be withdrawn, and the small encrypted-bidding fee is non-refundable. So understanding the rules before participating matters. Why does this matter beyond one NFT sale? Fungo isn’t only using FHE to keep NFT artwork and attributes private. It’s exploring how the same technology can change the way digital assets are distributed. A launchpad where bids remain hidden, NFTs are minted sealed, and creators can retain control over their contracts and wallets introduces a different approach to launching collections. The bigger idea is that privacy can influence more than what people see after an NFT is minted. It can also change how people compete to acquire one. That’s what makes Fungo Launchpad worth watching. Explore the project: fungolabs.org/launchpad/