#ROBO $ROBO di Fabric Foundation @Fabric Foundation is a fairly recent and interesting crypto project. Fabric Foundation is a non-profit that works to create an open infrastructure (based on blockchain) for the "Robot Economy", which is an economy where robots and autonomous AI agents can: have a verifiable on-chain identity
receive payments and make transactions
coordinate in a decentralized manner
participate as real "economic entities" (like working, getting paid, etc.)
In practice, they want to ensure that robots are no longer just closed tools of companies like Tesla, but become part of an open network where anyone can contribute (developers, robot owners, validators, etc.). $ROBO is the native token: Utility → to pay network fees, robot identity, verifications, staking, etc.
Governance → to vote on protocol decisions
It is on the blockchain (initially on Base, with plans for a dedicated L1)
At the moment, it has a market cap around 90–100 million dollars, price ~0.04 USD, daily volume quite high for a new project (often 50–100M+), and there has been quite a bit of hype related to the initial airdrop and the theme of AI + robotics + crypto.