OpenMind, the Leader in the Robotics Track, is About to TGE: Is the $400 Million Valuation New Token Sale Worth Participating In?

Odaily星球日报Pubblicato 2026-01-25Pubblicato ultima volta 2026-01-25

Introduzione

OpenMind, a leading robotics company, is set to conduct a Token Generation Event (TGE) for its native token ROBO on the Kaito platform. With a fully diluted valuation (FDV) of $400 million, the token sale aims to raise $2 million, representing 0.5% of the total token supply. The public sale begins on January 26 at 8 PM Beijing Time, with a per-address investment limit of $1,000 to $250,000 and tokens fully unlocked at TGE. Founded by Stanford professor Jan Liphardt, OpenMind is developing a universal operating system and decentralized network for intelligent machines, enabling global collaboration between robots. It has received backing from major investors like Pantera Capital, Coinbase Ventures, and DCG, and was recognized among the top 100 robotics startups of 2025. Notably, NVIDIA's Robotics division has shared OpenMind's content, indicating close ties. The project operates alongside the Fabric Foundation, an independent entity managing the protocol’s governance and ecosystem. The ROBO token sale includes a 40% priority allocation for partner communities, with the remaining 60% open to the general public. However, the $400 million FDV is considered high compared to similar AI and robotics projects like Virtuals ($540M), Sentient ($200M), and Grass ($127M). Concerns include unclear tokenomics and potential sell pressure from early investors if institutional tokens are unlocked at TGE, making the offering less attractive despite strong backing.

Original | Odaily Planet Daily (@OdailyChina)

Author | Asher (@Asher_ 0210)

On January 23, the official Foundation account of OpenMind, the leader in the robotics track, Fabric Foundation, posted on platform X that its native token ROBO will soon undergo a token sale on the Kaito platform.

Below, Odaily Planet Daily will take you through understanding the robotics track leader OpenMind, its relationship with the Fabric Foundation, and the details of the new token sale.

OpenMind: Building a Universal Operating System for Intelligent Machines and a Decentralized Collaboration Network

OpenMind was founded by Stanford University Professor Jan Liphardt. It is dedicated to building a universal operating system for intelligent machines and a decentralized collaboration network, enabling robots from different manufacturers and of different forms to securely trust each other, 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 Robotics' official 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 Ribbit, Sequoia, Coinbase Ventures, DCG, Lightspeed Faction, Anagram, Pi Network Ventures, Topology, Primitive Ventures, Amber Group, and several other institutions and renowned angel investors.

The Relationship Between OpenMind and Fabric

OpenMind is the founding team and core developer of the Fabric protocol, and also 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 branding 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 of the Fabric protocol, ROBO, will undergo a token sale on the Kaito platform. The specific details for participation are as follows:

Sale Start Time: January 26th, 8:00 PM Beijing Time;
Valuation: $400 million FDV;
Fundraising Target: $2 million;
Sale Proportion: 0.5% of the total supply of ROBO tokens;
Unlock Situation: 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, holders of Platinum/Emerald/Diamond tier, OG, Developer, Backpack, Researcher badges, etc.): 15%;
Kaito AI community (sKAITO holders, etc.): 10%;
Virtuals community (holders of >100 veVIRTUAL): 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 around $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, providing some endorsement for the project, the detailed token economics for ROBO have not yet been released. Particularly, the unlock ratio for institutional investors at TGE remains unclear.

If institutions have liquid supply at TGE, combined with the 100% unlock of the public sale portion, it could create significant dual selling pressure, putting pressure on the early price trend. Given this uncertainty, the pricing of the new sale at a $400 million FDV offers less than ideal overall value.

Domande pertinenti

QWhat is OpenMind and what does it aim to build?

AOpenMind is a leader in the robotics sector, founded by Stanford Professor Jan Liphardt. It aims to build a universal operating system and a decentralized collaboration network for intelligent machines, enabling robots from different manufacturers to securely share information and work together globally.

QWhat is the relationship between OpenMind and the Fabric Foundation?

AOpenMind is the founding team and core developer of the Fabric protocol. To avoid centralized control and promote open governance, OpenMind spun off the protocol's governance and economic model to form the independent, non-profit Fabric Foundation. OpenMind remains a core contributor to the ongoing development of the Fabric protocol.

QWhat are the key details of the ROBO token sale on the Kaito platform?

AThe ROBO token sale on Kaito has a fully diluted valuation (FDV) of $400 million. It aims to raise $2 million, representing 0.5% of the total token supply. The sale begins on January 26th at 8 PM Beijing Time. Tokens are 100% unlocked at TGE, with a per-address purchase limit of $1,000 to $250,000. The TGE is expected in Q1 2026.

QWhy does the article suggest the $400 million FDV valuation offers suboptimal value for participants?

AThe article suggests the $400 million FDV is suboptimal because it is significantly higher than the current market capitalizations of comparable projects in the AI and robotics sector, such as Virtuals ($540M), Sentient (~$200M), and Grass (~$127M). Furthermore, the lack of transparency regarding the tokenomics and the potential for early selling pressure from both the publicly sold tokens (100% unlocked) and possibly institutional investors could negatively impact the token's early price action.

QWhich major investors participated in OpenMind's funding round?

AOpenMind raised $20 million in a funding round led by Pantera Capital. Other participants included Ribbit, Sequoia Capital, Coinbase Ventures, DCG, Lightspeed Faction, Anagram, Pi Network Ventures, Topology, Primitive Ventures, and Amber Group.

Letture associate

Borrowing Money from a Hundred Years Later, Building Incomprehensible AI

Tech giants like Alphabet, Amazon, Meta, and Microsoft are undergoing a radical financial transformation due to AI. Their traditional "light-asset, high-free-cash-flow" model is being dismantled by staggering capital expenditures on AI infrastructure—data centers, GPUs, and power. Combined 2026 guidance exceeds $700 billion, a 4.5x increase from 2022, causing free cash flow to plummet (e.g., Amazon's fell 95%). To fund this, they are borrowing unprecedented sums through long-dated, multi-currency bonds (e.g., Alphabet's 100-year bond). The world's most conservative capital—pensions, insurers—is now funding Silicon Valley's most speculative bet. This shift makes these companies resemble heavy-asset industrials (railroads, utilities) rather than software firms, threatening their premium valuations. Historically, such infrastructure booms (railroads, fiber optics) followed a pattern: genuine technology, overbuilding fueled by competitive frenzy, aggressive debt financing, and a crash triggered by financial conditions—not technology failure. The infrastructure remained, but many original builders and financiers did not survive. The core gamble is a "time arbitrage": using cheap debt today to build scale and lock in customers before AI capabilities commoditize. They are betting that AI revenue will materialize before debt comes due. Their positions vary: Amazon is under immediate cash pressure; Meta's path to monetization is unclear; Alphabet has a robust core business buffer; Microsoft has the shortest path from infrastructure to revenue. The contract is set: the most risk-averse global capital has lent its time to Silicon Valley, awaiting a future that is promised but uncertain.

marsbit25 min fa

Borrowing Money from a Hundred Years Later, Building Incomprehensible AI

marsbit25 min fa

The 'VVV' Concept Soars 9x in Half a Year, The New AI Narrative on Base Chain

"The article explores the 'VVV' concept as the new AI-focused narrative within the Base ecosystem, centered around the token $VVV of the privacy-focused, uncensored generative AI platform Venice, led by crypto veteran Erik Voorhees. Venice has seen significant growth in 2026, with its API users surging, partly attributed to exposure from OpenClaw. The platform now boasts over 2 million total users and 55,000 paid subscribers. Correspondingly, the $VVV token price has risen over 9x this year. Key to its performance are tokenomics designed for value accrual: reduced annual emissions, subscription revenue used for buyback-and-burn, and a unique staking mechanism. Staking $VVV yields $sVVV, which can be used to mint $DIEM tokens. Each staked $DIEM provides a daily $1 credit for using Venice's API services, creating tangible utility. The article also highlights other tokens associated with the 'VVV' narrative. $POD, the token of distributed AI network Dolphin (which co-developed Venice's default AI model), saw a massive price surge. $cyb3rwr3n, a project for a Venice credit auction market, gained attention due to perceived connections to Venice's team despite official denials. Finally, $SR of robotics platform STRIKEROBOT.AI rose after announcing a partnership with Venice for robot vision-language model development. Overall, the 'VVV' ecosystem combines AI platform growth, deflationary tokenomics, and innovative utility mechanisms, driving significant investor interest and price action in related tokens."

marsbit34 min fa

The 'VVV' Concept Soars 9x in Half a Year, The New AI Narrative on Base Chain

marsbit34 min fa

Anthropic and OpenAI Have Single-Handedly Severed the Logic of Pre-IPO Stock Tokenization

The pre-IPO stock token market is experiencing significant turmoil following strong statements from AI giants Anthropic and OpenAI. Both companies have updated their official policies, declaring that any transfer of their company shares—including sales, transfers, or assignments of share interests—without prior board approval is "invalid" and will not be recognized in their corporate records. This means buyers in such unauthorized transactions would not be recognized as shareholders and would have no shareholder rights. A major point of contention is the use of Special Purpose Vehicles (SPVs), which are legal entities commonly used by pre-IPO token platforms to pool investor funds and indirectly acquire shares from employees or early investors. The companies explicitly state they do not permit SPVs to acquire their shares, and any such transfer violates their restrictions. They warn that third parties selling shares through SPVs, direct sales, forward contracts, or stock tokens are likely engaged in fraud or are offering worthless investments due to these transfer limits. This stance directly threatens the core model of many pre-IPO token platforms, which rely on SPV structures. The announcement revealed additional risks within this model, such as complex "SPV-within-SPV" layering that obscures legal transparency, increases management fees, and creates a chain reaction risk of invalidation. Following the news, tokens like ANTHROPIC and OPENAI on platforms like PreStocks fell sharply (over 20%). The market reaction highlights a divergence: while asset-backed pre-IPO tokens plummeted, purely speculative pre-IPO futures contracts, which are bilateral bets on future IPO prices with no claim to actual shares, remained relatively stable as they are unaffected by the transfer restrictions. The industry is split on the implications. Some believe the fundamental logic of pre-IPO token trading is broken if leading companies reject SPV-held shares, potentially causing a domino effect. Others, like Rivet founder Nick Abouzeid, argue that buyers of such unofficial tokens always knowingly accepted the risk of non-recognition by the company. The statements serve as a stark risk warning and a corrective measure for a market where valuations for some AI-related pre-IPO tokens had soared to irrational levels, far exceeding recent funding round valuations.

marsbit1 h fa

Anthropic and OpenAI Have Single-Handedly Severed the Logic of Pre-IPO Stock Tokenization

marsbit1 h fa

Anthropic and OpenAI Personally Sever the Logic of Pre-IPO Crypto-Stocks

The pre-IPO token market has been rocked by strong statements from Anthropic and OpenAI. Both AI giants have updated official warnings, declaring that any sale or transfer of their company shares without explicit board approval is "invalid" and will not be recognized on their corporate records. This directly targets Special Purpose Vehicles (SPVs), the common legal structure used by pre-IPO token platforms. These platforms typically use an SPV to acquire shares from employees or early investors, then issue blockchain-based tokens representing a claim on the SPV's economic benefits. Anthropic and OpenAI's position means that if an SPV's share purchase lacked authorization, the underlying asset could be deemed worthless, nullifying the token's value. Anthropic explicitly warned that any third party selling its shares—via direct sales, forwards, or tokens—is likely fraudulent or offering a valueless investment. The crackdown highlights risks in the popular SPV model, including complex multi-layered "Russian doll" SPV structures that obscure legal ownership, add fees, and concentrate risk. If one layer is invalidated, the entire chain could collapse. Following the announcements, tokens like ANTHROPIC and OPENAI on platforms like PreStocks fell sharply (over 20%). In contrast, purely speculative pre-IPO prediction contracts remained stable, as they involve no actual share ownership. The move is seen as a corrective measure amid a market frenzy where some pre-IPO token valuations (e.g., Anthropic's token hitting a $1.4 trillion implied valuation) far exceeded recent official funding rounds. Opinions are split: some believe this undermines the core logic of pre-IPO token trading if top companies reject SPVs, while others argue buyers always assumed this legal risk when accessing unofficial channels. The statements serve as a stark warning and a potential catalyst for market de-leveraging and clearer boundaries.

Odaily星球日报1 h fa

Anthropic and OpenAI Personally Sever the Logic of Pre-IPO Crypto-Stocks

Odaily星球日报1 h fa

The Waged Worker Driven to Poverty by AI Subscriptions

"AI Membership: The Hidden Cost Pushing Workers Toward 'Poverty'" The widespread corporate push for AI adoption is creating a hidden financial burden for employees. Companies, from giants like Alibaba to small firms, are mandating AI use, often tying token consumption to KPIs, but frequently refuse to cover the costs. Workers are forced to pay for subscriptions out of pocket to stay competitive and avoid being replaced. Front-end developer Long Shen spends up to 2000 RMB monthly on tools like Cursor and ChatGPT Plus, seeing it as a necessary 3% salary investment to handle 90% of his coding tasks. While it boosted his performance and led to promotions, he now faces idle time at work, pretending to be busy. Designer Peng Peng navigates strict company firewalls by using personal devices and accounts for AI image generation tools like Midjourney, spending hundreds monthly without reimbursement, while her boss demands faster, more numerous revisions. The pressure creates workplace anxiety and suspicion. Programmer Li Huahua, after a friend's experience of raised KPIs following AI success, fears being branded a "traitor" for using it yet worries about falling behind if she doesn't. The dynamic allows management to demand results without understanding the tools or covering expenses, treating employees like AI "agents." While some, like entrepreneur Jin Tu, find high value in paid AI, building entire systems and winning competitions, for most, it's a trap. Free tools like Kimi and Doubao are introducing fees, closing off alternatives. The initial efficiency gains individual advantage, but as AI becomes ubiquitous, the personal edge disappears, workloads increase, and a cycle of dependency begins. Workers like Long Shen realize they cannot maintain AI-generated code without AI, making stopping harder than continuing to pay. The tool promising liberation is instead becoming a compulsory, costly chain in the modern workplace.

marsbit2 h fa

The Waged Worker Driven to Poverty by AI Subscriptions

marsbit2 h fa

Trading

Spot

Futures