The robotics industry is at an important point right now. We are seeing three big things come together: robots that can think for themselves and move around in changing environments machines that're finally cheap enough to make a lot of and a big shortage of human workers in areas like nursing and manufacturing.
Even with all this robots are still not really free to do what they want. Humans have things like passports and bank accounts. We can sign our names on papers. Robots do not have these things. They are not part of the system that humans use. Until a robot can buy and sell things on its own it is limited by what a few big companies can do.
Fabric is trying to change this. We want to make a system that lets robots buy and sell things and have their identities. We call this The Robot Economy. By using computer codes like the kind used for cryptocurrencies we can make robots that can work on their own. Anyone anywhere can help run these robots.
Solving The Efficiency Gap
The way we use robots now is not working well. One person or company has to buy the robot and then take care of it. This means that only big companies can use robots.
Fabric is making a system that lets lots of people work together to buy and use robots. We have something called Coordination Pools, where people can put in money to help buy robots. Then when the robots do work they get paid in a token called $ROBO.
As more people use this system it will get easier for robots to do jobs around the world. The $ROBO token will be valuable because it helps the system work. It is, like the heartbeat of the robot economy, where robots can think and act and buy and sell things on their own.
