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Zama's public sale is about to start within 24 hours, and this highly anticipated project has gathered top-tier capital and technological strength. Led by Multicoin and Pantera, industry giants such as Solana founder Toly and Ethereum founder Gavin Wood are participating. Over 120 top experts have spent years working on solving the same problem—the final puzzle of blockchain privacy.
Zama's core innovation lies in the adoption of Fully Homomorphic Encryption (FHE) technology. In simple terms, it allows data to be computed directly in encrypted form without decryption. This solution opens new possibilities for on-chain privacy protection. The public sale will use a sealed-bid Dutch auction mechanism, where participants need to submit encrypted bids within a specified time. The final transaction price will be determined according to Dutch auction rules. This mode effectively prevents information leakage and price manipulation.