Zama completes its first crypto ICO, with total auction amount reaching 118 millions USD
ChainCatcher reported that open-source cryptography company Zama announced the conclusion of its first encrypted ICO (Zama Public Auction) on Ethereum on January 24, 2026, raising a total of $118.5 million.
This Dutch auction utilized fully homomorphic encryption (FHE) to protect bid privacy and achieve decentralized confidential bidding, attracting more than 11,000 independent users who submitted nearly 24,700 bids. The final clearing price was $0.05. Total demand was oversubscribed by 318%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
UBS downgraded Nintendo's rating to "Sell" with a target price of 5,500 yen.
Elon Musk reveals Colossus 2 expansion timeline: Nvidia (NVDA.US) chip count may more than double by the end of the year
Elon Musk stated that his xAI company's AI computing cluster, Colossus 2, could more than double the current number of Nvidia (NVDA.US) chips by the end of this year.
This week, 33.7 million barrels of crude oil were exported via the Strait of Hormuz.
Crypto prices
More
