ZkSNARKs auction clears at 1.5 ZEC with 16,971 bids

zkSNARKs: zkSNARKs is a Zcash-linked NFT-style collection of encrypted on-chain identities, with a total supply structured around a large public blind auction and smaller allocations for a curated list and treasury uses. In this news item, zkSNARKs is the project whose 48‑hour sealed‑bid auction has just cleared at a price of 1.5 ZEC per identity, reflecting strong market demand for these Zcash-based identities. zkSNARKs Auction Results: “zkSNARKs Auction Results” refers to the outcome of the project’s 48‑hour blind, sealed‑bid public sale in which participants bid in ZEC for encrypted identities on Zcash and the top bids were filled at a single clearing price. In this context, the auction results highlight that all 8,000 auctioned identities were fully allocated, the clearing price settled at 1.5 ZEC, and excess or losing bid amounts are being automatically refunded to participants. Zcash_context: The zkSNARKs identities are built on the Zcash network and their auction coincides with renewed attention on Zcash’s privacy features and ecosystem, reinforcing ZEC’s role as the settlement asset for the sale. Auction_mechanism: The zkSNARKs sale uses a uniform-price blind auction where bidders submit sealed bids in ZEC and all winning participants pay the same clearing price, with higher bids partially refunded and lower bids fully refunded. Cross_chain_bidding: The auction supports bidding from multiple chains and assets, with infrastructure like NEAR Intents and Aurora handling cross-chain routing so that all bids ultimately settle in ZEC.