Fhe

Recently, while looking at Messari's latest report, I was directly struck by the mention of FHE (Fully Homomorphic Encryption) technology. Simply put, it allows for data to be processed in a fully encrypted manner on the blockchain without sacrificing decentralization.

This field is still in its early stages, but someone has already rushed to the forefront — @mindnetwork_xyz ($FHE ), the world's first project to run FHE on the mainnet. What it's doing is straightforward: end-to-end encryption of data, transmission, and computation, leaving no chance for hackers and snoopers.

Its new move is even bolder — launching the RWA on-chain encrypted messaging protocol (Encrypted Messaging Onchain). This addresses the problem of the lack of a "message layer" on-chain, allowing for the secure transmission of highly sensitive information such as cross-border payments, derivative settlements, supply chain documents, and tax audits, similar to SWIFT messages. It can also be encapsulated as NFTs for permanent tamper-proofing and authorized viewing. In combination with $FHE and ZKP technology, compliance privacy and asset transfer are achieved in one go.

More importantly, $FHE is not just playing in Web3 but is also making strides in the top Web2 territory:

ByteDance Ecosystem: Signed an MOU with BytePlus, potentially serving 40 million Lark users; providing privacy computing on the COZE AI Agent platform, allowing Web2 AI to operate in a zero-trust manner.

Alibaba Cloud Collaboration: Implementing trustworthy AI in the cloud, using the MCP protocol to ensure AI results are verifiable and tamper-proof, establishing a "credit foundation" for AI Agents.

The previous round of ZK projects grew from tens of millions to billions in market value; this wave of FHE could be the next. The market value is still not large, so there's room for growth... you know what I mean.