Author | Asher(@Asher_ 0210)
On January 23, the foundation account Fabric Foundation of OpenMind, the leader in the robotics track, posted on platform X that its native token ROBO is about to conduct a token sale on the Kaito platform.
Below, Odaily Planet Daily will take you through the details of robotics track leader OpenMind, its relationship with Fabric Foundation, and the specifics of the new token sale.
OpenMind: Building a Universal Operating System and Decentralized Collaboration Network for Intelligent Machines
OpenMind was founded by Stanford University professor Jan Liphardt. It is dedicated to building a universal operating system and a decentralized collaboration network for intelligent machines, enabling robots from different manufacturers and of different forms to securely, trustfully share information and collaborate on a global scale. Furthermore, OpenMind was successfully selected as one of the Top 100 Global Robotics Startups in 2025.
It is worth mentioning that NVIDIA's official Robotics account reposted a robot testing video from OpenMind, and the two parties have close business dealings.
NVIDIA Robotics official account reposts OpenMind's tweet
In early August this year, OpenMind announced the completion of a $20 million funding round, led by Pantera Capital, with participation from multiple institutions including Ribbit, Sequoia, Coinbase Ventures, DCG, Lightspeed Faction, Anagram, Pi Network Ventures, Topology, Primitive Ventures, Amber Group, and several renowned angel investors.
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 the Fabric Foundation. Fabric was initially 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 spun off the governance, economic model, and community coordination functions of Fabric to establish an independent non-profit organization, the Fabric Foundation. This foundation is responsible for the long-term maintenance, standard setting, ecosystem incentives, and global coordination of the protocol, promoting the sustainable development of Fabric.
Currently, OpenMind continues to participate in the construction of the Fabric protocol as a core contributor. Its official introduction also clearly states "We’re a core contributor of @FabricFND". Meanwhile, the community brand has been unified towards Fabric, including the renaming of Discord, and the unified narrative of the protocol and the ROBO token, further strengthening Fabric's position as the main brand.
OpenMind's official Discord renamed to Fabric
Fabric New Token Sale Details
According to official information, the native token ROBO of the Fabric protocol will be sold on the Kaito platform. The specific details for participation are as follows:
- Sale Start Time: January 26, 8:00 PM Beijing Time;
- Valuation: $400 million FDV;
- Fundraising Goal: $2 million;
- Sale Proportion: 0.5% of the total supply of ROBO tokens;
- Unlock Condition: 100% unlocked at TGE;
- Single Address Subscription Limit: Minimum $1,000, Maximum $250,000;
- Expected TGE Time: Q1 2026 (specific date not announced).
Additionally, 40% of the total public sale allocation on the Kaito platform is Priority Allocation, dedicated to partner communities:
- Fabric Foundation community (based on past participation in Platinum/Emerald/Diamond tiers, OG, Developer, Backpack, Researcher, and other 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 new token sale allocation is the public portion (for general eligible users).
The $400 Million Valuation for the New Sale Offers Less Than Ideal Value
From a valuation comparison perspective, OpenMind's token ROBO is priced at a $400 million FDV, significantly higher than the reasonable range for comparable projects in the same track that have already issued tokens. For reference, among related projects in the AI robotics sector, Virtuals currently has a market cap of approximately $540 million, Sentient around $200 million, and Grass about $127 million. ROBO's starting valuation is already on the high side.
Although OpenMind has backing from top-tier investment firms like Pantera Capital, Coinbase Ventures, and DCG, which provides some endorsement for the project, the detailed token economics of ROBO have not yet been released, particularly the unlock ratio for institutional investors at TGE remains unclear.
If institutions have liquid tokens at TGE, combined with the 100% unlock of the public sale portion, it could create significant dual selling pressure, putting downward pressure on the early price movement. Under this uncertainty, the $400 million FDV pricing for the new sale offers less than ideal overall value.
