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Hi everyone, I recently came across a pretty interesting project called Fungo Labs (@FungoLabs). However, they aim to do more than just create ordinary NFTs—they are combining @zama's FHE (Fully Homomorphic Encryption) technology to build NFTs centered around privacy!
Simply put, the appearance, rarity, and attributes of the NFTs we have known in the past have been almost completely public and transparent. However, Fungo Labs hopes to let holders decide for themselves which information to make public and which to keep private.
I’ve also put together a few key points for everyone. Let’s take a look👇
1️⃣ Built on Ethereum, using FHE technology to keep the appearance and internal attributes of NFTs encrypted.
2️⃣ The Genesis collection has a total supply of 3,232, with 500 free mint spots available to whitelisted and nominated users; only the Gas Fee needs to be paid.
3️⃣ A Launchpad and on-chain games are also planned for the future, giving NFTs more potential real-world applications beyond being collectibles.
🔥 Personal thoughts and sharing 🔥
What I personally find more interesting is that Fungo Labs is not merely hiding NFTs, but is trying to make privacy a part of the NFT itself, because true autonomy should also include the right to decide whether information is made public.
However, the project is still in its early stages. Whether it can truly apply FHE technology to the NFT ecosystem remains worth watching! Whitelist applications are still open, so interested friends can apply and check it out👀
The application link is here 👉