Original | Odaily Planet Daily (@OdailyChina)
On January 23, the foundation account of the leading robotics track, OpenMind, Fabric Foundation, posted on the X platform, announcing that its native token ROBO will soon be available for token sale on the Kaito platform.
Below, Odaily Planet Daily will provide insights into the leading robotics track OpenMind, its relationship with Fabric Foundation, and the details of the token sale.
OpenMind: Building a Universal Operating System and Decentralized Collaboration Network for Intelligent Machines
OpenMind was founded by Stanford University professor Jan Liphardt, aiming to create a universal operating system and decentralized collaboration network for intelligent machines, allowing different manufacturers and types of robots to safely trust, share information, and work together globally. Additionally, OpenMind has successfully been selected as one of the top 100 robotics startups globally for 2025.
It is worth mentioning that NVIDIA's official Robotics account has retweeted OpenMind's robot testing videos, indicating a close business relationship between the two.
NVIDIA Robotics official account retweets OpenMind's post
In early August this year, OpenMind announced the completion of a $20 million financing round, led by Pantera Capital, with participation from Ribbit, Redpoint, Coinbase Ventures, DCG, Lightspeed Faction, Anagram, Pi Network Ventures, Topology, Primitive Ventures, and Amber Group, among others.
The Relationship Between OpenMind and Fabric
OpenMind is the founding team and core developer of the Fabric protocol, as well as a core contributor and initiator of Fabric Foundation. Fabric was originally designed and developed by the OpenMind team, responsible for the core technical architecture and early implementation of the protocol.
As the project developed, to prevent the protocol from being controlled by a single company and to achieve a more open and neutral governance structure, OpenMind separated the governance, economic model, and community coordination functions of Fabric, establishing an independent non-profit organization, Fabric Foundation. This foundation is responsible for the long-term maintenance of the protocol, standard setting, ecological incentives, and global coordination, promoting the sustainable development of Fabric.
Currently, OpenMind continues to participate in the construction of the Fabric protocol as a core contributor, and its official introduction clearly states, “We’re a core contributor of @FabricFND.” Meanwhile, the community brand has unified under Fabric, including a name change on Discord, a unified narrative for the protocol and ROBO token, further reinforcing Fabric's positioning as the main brand.
OpenMind's official Discord renamed to Fabric
Fabric Token Sale Details
According to official information, the native token ROBO of the Fabric protocol will be sold on the Kaito platform, with the following specific details for participation:
- Sale start time: 8 PM Beijing time on January 26;
- Valuation: $400 million FDV;
- Fundraising target: $2 million;
- Sale proportion: 0.5% of the total supply of ROBO tokens;
- Unlocking situation: 100% unlocked at TGE;
- Subscription limit per address: minimum $1,000, maximum $250,000;
- Expected TGE time: Q1 2026 (exact date not announced).
Additionally, 40% of the total public sale quota for ROBO tokens on the Kaito platform is Priority Allocation, specifically for partner communities:
- Fabric Foundation community (based on past participation in Platinum/Emerald/Diamond levels, OG, Developer, Backpack, Researcher badge holders): 15%;
- Kaito AI community (sKAITO holders, etc.): 10%;
- Virtuals community (>100 veVIRTUAL holders): 5%;
- Surf AI community (Pro/Max annual subscribers or NFT Pass holders): 5%;
- Other Kaito referral programs: 5%.
The remaining 60% of the token sale quota is for the public portion (ordinary qualified users).
$400 Million Valuation for the Token Sale, Cost-Effectiveness Not Ideal
From a valuation comparison perspective, OpenMind's token ROBO is priced at a $400 million FDV, significantly higher than the reasonable range for similar projects in the same track. For reference, among AI robotics projects, Virtuals currently has a market cap of about $540 million, Sentient around $200 million, and Grass about $127 million, placing ROBO's initial valuation at a relatively high level.
Although OpenMind has backing from top-tier institutions like Pantera Capital, Coinbase Ventures, and DCG, the specific details of ROBO's token economic model have not yet been disclosed, especially regarding the unlocking ratio for institutional investors at the TGE stage, which remains unclear.
If institutions have circulating tokens at TGE, combined with the 100% unlocking of the public sale portion, it may create significant dual selling pressure, impacting early price trends. Under this uncertainty, the $400 million FDV pricing for the token sale does not present an ideal overall cost-effectiveness.
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