ZEC ecosystem NFT project zkSNARKs said it has completed its auction, with 16,971 bids submitted and 8,000 NFTs allocated. The final clearing floor price was 1.5 ZEC per NFT.

According to Foresight News, the auction used a uniform-price sealed-bid format, with bids ranked from highest to lowest. Total transaction volume reached 25,305 ZEC, while the top 8,000 bids won allocation and unsuccessful bidders will receive full refunds. The refund amount is 13,309 ZEC.

The project said the secondary market will open tomorrow, and refunds will be completed within 24 hours. Bitcoin inscription-era builder @LeonidasNFT accused the zkSNARKs team of being serial entrepreneurs in the Ordinals sector and said most of their projects were scams.