Fabric foundation is a non-profit organization that created an open network evolution of general-purpose robots which will use coordinated data and computation for human machines to control the economy, which means the economic decisions will be made by well programmed robots rather than the emotional controlled operators. The core purpose is to completely remove the human error.
The technical foundation of fabric protocol is to evolve its own dedicated layer-1 blockchain. The long-term purpose is to migrate layer-1 blockchain to machine to machine (M-M) activity to capture the maximum from robotic operations where $ROBO will be the economic backbone.