Lao Bai|Jan 09, 2026 13:34
I didn't notice earlier that Zama missed the best opportunity before opening, otherwise an opening of 0.2 or above (2B) would indeed be worth leaving empty. At present, in this market environment, it should be very good for new coins of this level to maintain around 1B. Of course, the combination of pre-market and ongoing new releases provides ample operational space for the project team, so it is advisable to participate cautiously
I haven't paid much attention to Zama's public fundraising, just talk about my impression of this project. I have talked to the team for 24 years and have a good impression. Their ultimate goal is to become like the "OEM" effect that Intel had back then, where FHE's projects were all based on their technology
Children born in the 1980s and 1990s should have seen this logo before when buying computers
To some extent, they have achieved considerable success. The several FHE projects we talked about in 24 years, such as Fhenix, Inco, Mind Network, etc., are all backed by Zama's technology
I originally thought Zama would simply provide technical support and fees for these technical projects, but I didn't expect to end up issuing coins myself. After all, issuing coins is the easiest path to exit
The reason why I am not optimistic about a market value exceeding 2B is twofold: firstly, the current market environment, and secondly, my consistent belief that privacy, apart from ZEC, can be speculated as Meme, its political correctness far outweighs actual needs. Even though the entry of institutions this year has brought about a "real" demand for privacy, many of them have also created their own, such as Canton's "Wall Street Privacy Chain", where individual investors' privacy is not very popular
So although Zama is strong in technology and financing, I'm still curious about his annual income. If you know something about Laotie, let me know. Don't be a group of blockchain/apps that use Zama technology and use their own tokens to pay for Zama. There are not many people who can't make money from their own blockchain/apps. This kind of mutual nesting and inflated FDV valuation of income will definitely not last long. The NVIDIA, OpenAI, Oracle's trillion dollar triangular investments and nesting dolls are at least real gold and silver dollars, aren't they
In addition, we also talked about a FHE project called @ SunscreenTech in 24 years, the only one that did not use Zama technology but appeared as a competitor to Zama, but its reputation and resources were much worse than Zama's. The team looks quite hardcore and told me that their performance is better than Zama's, but I am not an FHE expert myself, so I have no way of distinguishing. If there are any friends who have worked with this project before, could you share with me how the performance and current situation of this project are? I am quite curious
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