FungoLabs Opens Genesis Whitelist Mint Ahead of Sealed-Bid Auction for 2,500 Encrypted NFTs
By Crypto Wire
November 5, 2026
FungoLabs just opened the Fungo Genesis whitelist mint. The official account posted that the whitelist mint is live, that every whitelist holder can mint one NFT for each spot they hold after signing in with an X account, and that the window stays open for three hours until 15:30 UTC on November 5, 2026. That is a fresh marketplace beat after days of countdown posts pointing to a 12:30 UTC free-mint start — not a reprint of the schedule teaser alone. When the whitelist window closes, the project says a sealed-bid auction for 2,500 Genesis NFTs begins immediately, paid in cZAMA and running for 24 hours.
Supply math is project-stated across the Genesis series. Prior official threads put the collection at 3,232 total: 500 free whitelist/nominee mints, 2,500 sealed-bid auction pieces, and 232 team allocation. Tonight’s live post focuses on the whitelist stage now open and the auction that follows at 15:30 UTC. Fungo frames the set as encrypted NFTs on Ethereum built with Zama fully homomorphic encryption — art and traits sealed by default so outsiders see nothing until a holder chooses otherwise. Attribute that privacy framing and the stage times to FungoLabs; do not invent a live mint-progress counter, OpenSea floor, or clearing price the auction has not printed yet.
The auction mechanics are the second hard product fact for Marketplace Watch. Official how-to posts say bids are placed in cZAMA, the confidential form of ZAMA at a stated 1:1 shield, after collectors swap or withdraw ZAMA and shield it in the Fungo Funds flow. Bidders enter a per-NFT price and a quantity, confirm on-chain, and keep some ETH for gas. Prior explainers say winners all pay the same final clearing price — the lowest winning bid that fills the 2,500 — with excess refunded, proportional fills at the clearing level, and full refunds below it. Bids are binding; the project warns that bidding the minimum does not guarantee a fill. Keep those rules as company-stated auction design, not a finished result.
Token framing sits beside the mint rails but is not tonight’s primary. Earlier Fungo tokenomics posts allocate a large Genesis NFT share of the planned 10 billion FUNGO supply and describe separate Zama OG and X-campaign buckets, with team allocation locked then vesting. Those claims stay company-stated ahead of any TGE claim portal. For collectors, the immediate venue facts are simpler: whitelist mint live through 15:30 UTC, then a 24-hour encrypted sealed bid for the remaining 2,500. Prefer the official launchpad URL and @FungoLabs posts over third-party roundups that blur free-mint gas with auction pricing.
Risks are plain for a first encrypted Ethereum NFT sale. A three-hour whitelist window can fail for wallets that miss X sign-in or spot limits. Sealed bids cannot be withdrawn once submitted, so a mis-sized cZAMA bid is sticky until clearing. Shielding, swap slippage, and gas can strand capital before the auction even opens. Sealed artwork means no public trait discovery during the sale, which can widen secondary uncertainty after mint. Do not confuse this FungoLabs open with Kalos Genesis sellout, Hoodrai reveal, Bitcoin ETF flows, or the Polygon hard-fork PIP — those stay on other desks.
Venue watch: Watch whether the whitelist stage clears all 500 spots before 15:30 UTC, whether the sealed-bid auction opens on time with live cZAMA bids, and whether Fungo posts a clearing price and mint receipts after the 24-hour auction window — those are the next marketplace receipts.
Bottom line: FungoLabs says the Genesis whitelist mint is live through 15:30 UTC for 500 free spots, with a 24-hour sealed-bid auction for 2,500 encrypted NFTs set to open immediately after.
Disclaimer: This article is provided for informational and educational purposes only. It does not constitute financial, investment, legal, or trading advice. The NFT market is highly volatile, and past performance is not indicative of future results. Readers should conduct their own research and consult qualified professionals before making any decisions related to digital assets. The cover image for this article may have been created using artificial intelligence (AI).
