Openfabric AI PriceOFNInactive

What is Openfabric AI (OFN)?

Openfabric AI (OFN) is a decentralized Layer 1 AI protocol designed to build and connect AI applications. It leverages blockchain technology, advanced cryptography, and novel infrastructure to create a foundation for AI-Apps, providing quick, easy, low-cost, and hassle-free access to powerful AIs. The project describes itself as having started as a research project and as featuring scientifically validated technology. Openfabric AI connects software developers, infrastructure providers (GPU), data providers, and users through a decentralized blockchain-based network. Its tagline is "Layer 1 for Artificial Intelligence — A planetary-scale network for building and connecting decentralized AI applications." The native token, OFN, has a total supply of 500,000,000 tokens and is built on the BNB Smart Chain (BEP20). Openfabric AI launched on October 23, 2023, and was listed on CoinMarketCap on October 24, 2023. Openfabric AI has undergone a 1:1 swap from the old contract (0x8899ec96ed8c96b5c86c23c3f069c3def75b6d97) to the new contract (0x656842617576232f829f05efb43bc9eb1c82b364); the announcement is available at https://x.com/openfabricai/status/1958173094457008497.

Key Specifications & Tokenomics

• Name: Openfabric AI
• Ticker / Symbol: OFN
• Blockchain / Platform: BNB Smart Chain (BEP20)
• Token Standard: BEP20
• Decimal Places: 18
• Total Supply: 500,000,000 OFN
• Max Supply: 500,000,000 OFN
• Circulating Supply: 174,845,640 OFN (per CoinMarketCap)
• Contract Address (BNB, BEP20): 0x656842617576232f829f05efb43bc9eb1c82b364
• Official Website: https://openfabric.ai/
• Documentation: https://docs.openfabric.ai/token/tokenomics/
• Block Explorer: bscscan.com
• Tags: AI & Big Data, Generative AI, AI Agents
• Audit Reports: CertiK and Hacken; the Hacken audit report is available at https://hacken.io/audits/openfabric-ai/
• Token Unlocks: Unlocks are scheduled starting October 24, 2026, with 2.78% of Team & Advisors, Partnerships, Reserves, and Ecosystem allocations unlocking every month thereafter (per Chain Broker).

Who created Openfabric AI?

The project is led by Founder & CEO Andrei Tara, who has an extensive background in technology and blockchain, including a PhD in AI. Ion Ceban serves as Co-Founder and Tech Lead / Head of Development. Hjalmar Turesson, Ph.D., is listed among the team, and Ioan Taban is referenced as a core developer. The official website describes the team as having "proven past experience." Public social accounts for the founder and co-founder are available on X and LinkedIn. The company maintains a LinkedIn page at https://www.linkedin.com/company/openfabricai.

How does Openfabric AI work?

Openfabric is a decentralized AI platform where collaboration between AI innovators, data providers, businesses, and infrastructure providers facilitates the creation and use of new intelligent algorithms and services. The ecosystem defines four participant roles. Service Consumers are end-users who need to solve business problems or enrich products with intelligence. AI Innovators create practical AI algorithms capable of solving complex problems. Infrastructure Providers supply hardware capabilities needed to run and train AIs. Data Providers ensure that the vast amount of data required for training and testing algorithms is distributed. The protocol integrates blockchain, advanced cryptography, and novel infrastructure to create a secure, scalable, and efficient environment for AI development and data sharing. Openfabric uses Trusted Execution Environments (TEE) to keep AI data private.

What makes Openfabric AI unique and valuable?

Openfabric AI is positioned as a real AI platform rather than just another cryptocurrency. Its core elements include investment, scalability, and community. Investment lowers the infrastructure demand and technical know-how required to utilize AI-Apps, facilitating new market opportunities. Scalability leverages blockchain technologies to ensure execution scalability and eliminate vendor lockup. Community stimulates fair market competition as an essential factor to create large, vibrant, and collaborative communities. By decentralizing AI, Openfabric AI aims to democratize access to advanced AI technologies, making them more accessible and affordable for a broader audience. The ecosystem is designed to be inclusive, allowing participants to engage in the AI revolution without the typical barriers of high costs and technical complexity.

What is OFN used for?

OFN is the native token of the Openfabric AI ecosystem. Detailed utility is referenced in the tokenomics documentation. The token facilitates participation in the network, which includes roles such as joining as an innovator to build and monetize AI-Apps, deploying infrastructure to rent computing power, publishing data to fuel next-gen AI applications, becoming an ambassador, joining as a validator to secure network operation, and becoming a promoter to help community growth. The token is integral to the platform's economy, enabling transactions, data sharing, and collaboration among AI innovators, data providers, businesses, and infrastructure providers.

How Is the Openfabric AI ecosystem developing?

The ecosystem includes an AI Apps Marketplace where users can venture into a suite of AI tools tailored to meet modern needs. The official website invites users to test AI applications on the Mainnet and lists staking and grants as available through the site. The project's official website cites a partnership with Reef to leverage AI for Web3 dApps. The project's official website cites press coverage stating that the Openfabric AI Protocol gained recognition on Wikipedia. Openfabric AI has published a new roadmap. Blog posts cover topics such as AI content tools, LLM evaluation methodologies, AI in drug discovery, AI milestones, retrieval-augmented generation, and intelligent automation. According to ICODrops, the project raised a total of $5.33M across 8 completed rounds; Chain Broker reports an initial market cap at IDO of $1,738,200.

Public sales took place on ChainGPT Pad (Oct 17, 2023), Enjinstarter (Oct 18–20, 2023), Seedify (Oct 19, 2023), and Poolz (Oct 20, 2023); the main sale ended on October 22, 2023, at a price of $0.06.

Notable use cases include a Human Genome Project that generated an artificial genome and predicted protein structures, and a Drug Discovery AI app that helps researchers assess treatment toxicity and drug interactions.

According to a MEXC blog post (Aug 27, 2025), the 2025–2026 roadmap focuses on advanced developer tools, intelligent agents, creative AI applications, and community programs.

How to mine Openfabric AI?

Openfabric AI does not use traditional mining. Instead, the network operates on a decentralized Layer 1 protocol where participants can contribute to the ecosystem in various ways. Infrastructure Providers bring hardware capabilities to run and train AIs, effectively renting their computing power. Validators can join to secure network operation. Staking is available on the official website, allowing token holders to participate in network security and operations. These roles replace the need for conventional mining, focusing instead on providing computational resources, data, and validation services to support the AI infrastructure.

How to keep your OFN Coin safe?

To keep your OFN tokens safe, use a reputable wallet that supports BEP20 tokens on the BNB Smart Chain. Always verify the official contract address before interacting with any token or platform. Store your private keys securely and never share them. Consider using hardware wallets for long-term storage. Be aware that the project has undergone a contract migration from an old BNB contract to a new one via a 1:1 swap, so ensure you are using the current contract. Exercise caution with third-party links and unverified sources. Since the asset's trading activity has been assessed as dormant or thin, be mindful of potential price sensitivity and low liquidity when trading.

Like any crypto asset, OFN is subject to price volatility, and its value can rise or fall sharply. Regulatory treatment of crypto assets varies by jurisdiction and may change, which can affect access, trading, or the project's operations. The platform also carries technology risk, including smart contract vulnerabilities, the security of AI data and infrastructure, and the possibility that planned features or roadmap milestones may be delayed or not delivered as described. These points are informational and are not a judgment on the project's prospects.