Zama's first crypto ICO completed, with a total auction amount of $118 million

2026-01-26 13:19:06

PANews January 26 News, open-source cryptography company Zama announced that its first encrypted ICO on Ethereum (Zama Public Auction) ended on January 24, 2026, raising $118.5 million. This Dutch auction used Fully Homomorphic Encryption (FHE) to protect bid privacy, enabling decentralized confidential bidding. It attracted over 11,000 independent users who submitted nearly 24,700 bids, with a final clearing price of $0.05. Total demand was oversubscribed by 318%.

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