what's fabric?
Fabric is an Ethereum-based protocol that enables users to mint unique decentralized identifiers (IDs) on the blockchain without incurring gas fees. By utilizing mechanisms such as meta-transactions or relayers, it abstracts away the complexities of Ethereum transactions, allowing seamless creation of on-chain identities. This approach lowers barriers to entry for Web3 participation, making it ideal for applications requiring verifiable digital presence, such as user profiles, access controls, or integrations with decentralized apps. The protocol's design emphasizes modularity and interoperability, supporting soulbound or non-transferable tokens for identity purposes. Users interact with Fabric through web interfaces or integrated platforms, where minting occurs off-chain initially before settlement on Ethereum. This facilitates broader adoption in ecosystems involving AI, social, or community-driven projects, ensuring persistent and tamper-proof identity records without the need for native token holdings.
Fabric's valuation doubled to $400M after its public sale opened on Jan 26.
Raised funding at a $400M USD fully diluted valuation, representing a 2x increase from the previous funding round valued at $200M USD.
Opens public sale on Kaito on January 26, 2026.
FABRIC integrates Backpack Wallet with OpenMind, introducing a new Backpack Badge that users can claim by signing messages through the Backpack app.
Gas derivatives stabilize Ethereum's base layer as the first application of derivatives functionality with Commit_Boost integration, discussed in conversation with DrewVdW on sigtheory.
Commit_Boost integration is central to ongoing development work, enabling new preconfirmation primitives for fabric_ethereum and ethrex_client.
Applications open for R[3]sidency program in London, supporting the next wave of UK builders.
OpenMind raises $20M led by Pantera Capital with backing from Ribbit Capital, Coinbase Ventures, and DCG, and announces partnerships with F1, IROS2025, and National University of Singapore for OM1-powered robotics deployments.
New integration launches with openmind_agi enabling gasless ID minting on FABRIC with point-based rewards system and Yapper leaderboard rankings.
New Rust-based Ethereum client 'ethrex' launches, enabling simplified ZK-rollup deployment for L2s.
New multiple sequencer support launches with round-robin system, enabling automated leader rotation every 5 batches and L1 contract deployment for enhanced decentralization.
New technical partnership formed with Taiko and Commit Boost to enhance rollup preconfirmations.
Partners with Commit_Boost to accelerate preconfirmations for Ethereum rollups. Collaborates with Titan Builder, Ultrasound relay, ETHGasOfficial, Quasar Builder, Prime, Nu Construct, Blocknative, and Ethereum Foundation researchers on infrastructure.