Moby is a project that aims to build specialized container systems by assembling containerized components. It uses Docker's underlying container and image technologies but is intended for system architects rather than developers. The Moby project includes components like containerd, runc, and LinuxKit. Moby-tool allows building systems by configuring and assembling different container images specified in a YAML configuration file. It produces artifacts like ISOs and AMIs. The goal is to build secure, modern systems using containers with read-only roots and minimal privileges.