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Zama has launched its contract on a major exchange, currently priced at $0.14. Based on a total supply of 11B, the FDV is approximately $1.5B.
This wave of market activity is definitely a surprise for players who previously obtained the Zama OG NFT—each NFT yields up to $6000, nearly a 30x increase. It’s worth noting that such gains are already quite rare in the crypto market.
Interestingly, looking back at Zama’s Dutch auction mechanism, many wondered at the time why there was no cap on FDV. Now it makes sense—it’s not an oversight, but a deliberate choice from the start not to set a ceiling on the fundraising scale. This design reflects the project team’s confidence in market demand and is also a bold fundraising strategy.