The weather has been nice lately, with plenty of sunshine, which is perfect for discussing a project that excites me—ZAMA @zama_fhe. You may have heard of it; it just raised over $130 million, which is no small amount in the industry, directly highlighting the market's high expectations for it. What ZAMA is doing is pretty cool; it uses Fully Homomorphic Encryption (FHE) technology to solve privacy issues on public blockchains. It's like adding a lock to a transparent ledger—data is encrypted throughout, but smart contracts can still run normally, processing transactions without needing to decrypt. Think about it: why are traditional financial institutions hesitant to tokenize on public chains? It's because of the transparency—transaction volumes, investment strategies, and client identities are all exposed, posing too much risk. With the introduction of ZAMA's FHEVM, everything changed: all sensitive data, such as amounts, identities, and investment portfolios, can be processed in an encrypted manner, allowing regulatory bodies like the SEC to audit when necessary. Now, banks and funds can operate confidently on public chains like Ethereum; the system is transparent, but strategies and clients remain secure. This is essentially a bridge between traditional finance and public chains, capable of unlocking trillions of dollars in real-world assets, with enormous potential. The application scenarios for ZAMA @zama_fhe are also impressively broad. For instance, in private DeFi, users can exchange and lend anonymously without revealing personal financial details; in DAO voting, ballots are encrypted, results are transparent, and no one knows who voted for whom; there are also on-chain privacy identities, where users can prove they meet certain criteria, like age, without disclosing specific information, which is much stronger than traditional KYC. The private data market is another highlight, where users can share encrypted health or consumption data, allowing AI to analyze its value, and users can earn money without having to make the raw data public. The same goes for gaming and social fields, where resources and messages can be hidden until the right moment. The tools they have released are also very practical; TFHE-rs is a high-performance encryption library suitable for blockchain environments, and there’s an open-source FHE SDK that can be easily integrated into smart contracts. ZAMA has also partnered with Aleo and RISC Zero to combine FHE with zkVM, paving the way for FHE-native smart contracts. Although the processing speed of FHE is still a bit slow, ZAMA is already working hard on optimizations, and performance improvements are just around the corner. Additionally, ZAMA @zama_fhe's Creator Program has also been upgraded; the new system rewards high-quality content and genuine interactions using a multiplier effect, rather than just focusing on quantity. This encourages community builders to focus on deep engagement, with scores able to double, which aligns well with the spirit of Web3—rewarding effort, not noise. Users can participate through platforms like CookieDotFun and interact with partners like Rayls Labs and LayerBankFi. Overall, #ZAMA has pioneered privacy protection in Web3, combining transparency and privacy to address core pain points. With successful funding, solid technology, and diverse applications, I believe it can drive a wave of innovation in the future, holding high investment value. As more institutions enter the space, ZAMA may become a key player in driving the large-scale adoption of blockchain.