Technology Trends - Industry is monitoring GPU supply and pricing [1] - Wallets are shipping intent-based execution [1] - ZKML/FHE production launches are being tracked [1] - Home-robot pilots and safety regulations are under observation [1] Future Outlook - The industry is compiling a 2026 watchlist to stay ahead [1]

Investment Opportunity - The market anticipates an alpha opportunity with Zama, despite a short-term lock-up period of approximately one week, due to the perceived high quality of participating institutions and individuals [1] - Zama's technology team is considered a leader in the Fully Homomorphic Encryption (FHE) field within the crypto space and potentially Web2 [1] - Zama is conducting a public auction, selling 10% of the $ZAMA supply via a sealed-bid Dutch auction on Ethereum [1] Auction Details - The auction period is scheduled for three days, from January 12th to 15th [1] - Funds can be withdrawn on January 20th [1] Auction Benefits - The auction aims for fair distribution and real price discovery [1] - The auction is designed to prevent bot sniping and gas wars [1]

Privacy Ecosystems - The industry identifies only two privacy ecosystems worth considering [1] - One ecosystem focuses on Fully Homomorphic Encryption (FHE) with Zama [1] - The other ecosystem centers on Zero-Knowledge (ZK) technology, combining Zcash, Starknet, and NEAR [1]

Technology & Security - ZK proofs alone are insufficient for coercion resistance in voting and similar applications [1] - Combining ZK with trusted parties, MPC, FHE, or TEE is required for coercion resistance [1] - Layered architectures like ZK + FHE can improve security, maintaining privacy even if FHE is compromised, except for coercion resistance [1]

Funding & Investment - Arcium secured $14 million in funding from investors including the founder of Solana, Coinbase, and Nvidia [1] Market Data - Torn's trading volume reflects a market capitalization of $445 million [1] Technology & Performance - Arcium claims its multi-party computation (MPC) technology is 10,000x faster than fully homomorphic encryption (FHE) [1]