klyn🃏

i've read every single tweet about @FungoLabs on my timeline and there is one thing i find most interesting and it's the idea of giving NFT holders more control over what they reveal. with its genesis NFTs, the artwork starts sealed. the holder can view it privately and decide whether to publish it publicly. but there's another layer. the underlying essence, containing the NFT's class, stats and element, remains encrypted permanently. not even publishing the artwork exposes that information on-chain. it introduces a different relationship between NFT ownership and privacy. you don't necessarily have to expose everything about an asset just because it exists on a public blockchain.

good morning frens, i need y'all to do something rn think about how much more interesting NFT gaming could become if players didn't know each other's stats. imagine entering a duel where your opponent owns an NFT with hidden attributes. you know they have something, but you don't know exactly what their strengths are. now imagine the game being able to calculate the outcome without either player revealing those attributes. this is one of the possibilities opened up by fully homomorphic encryption. @FungoLabs is building towards this kind of experience with its encrypted NFTs. and i think this is where the technology gets particularly interesting. not just making NFTs private, but making privacy useful.

there is something really interesting about the direction @meetmotes is taking, and it's the range of markets its agents are being designed to interact with. now, let's think about it: - tokenized stocks represent exposure to traditional financial markets. - defi opens up onchain financial opportunities. - prediction markets allow people to take positions on the outcomes of real-world events. motes wants to bring these different environments into the scope of one ai agent, with the owner's capital and risk limits guiding its actions.

one interesting thing about NFTs is that ownership is decentralised, but almost everything about the asset itself is public. anyone can inspect the metadata, check the traits, identify rarity and sometimes know exactly what makes a particular NFT valuable. that creates an interesting limitation, especially for NFTs designed to have actual utility. @FungoLabs is exploring a different approach. using fully homomorphic encryption from zama, fungo is building encrypted NFTs on ethereum where the underlying attributes can remain private even while smart contracts interact with them. it's an interesting direction for the next generation of NFTs.