---
type: decision
entity_type: decision_market
name: "SeekerVault: Futardio Fundraise"
domain: internet-finance
status: failed
parent_entity: "[[seekervault]]"
platform: "futardio"
proposer: "gbflarcos, Beardkoda"
proposal_url: "https://v1.metadao.fi/seekervault/trade/7AMzZD3JZ15FCX2eoC17KgJD5Ywum9J5i7E9BAbgc2vi"
proposal_date: 2026-03-08
resolution_date: 2026-03-09
category: "fundraise"
summary: "Fundraise for encrypted backup layer targeting 150K+ Solana Seeker phone users"
key_metrics:
  funding_target: "$50,000"
  total_committed: "$2,095"
  outcome: "refunding"
  token_symbol: "J4r"
  token_mint: "J4rMkvf4qwJgX2nK3ueeL4E423chSG2jVqgk5LAGmeta"
tracked_by: rio
created: 2026-03-11
related:
- "SeekerVault: Futardio ICO Launch (2nd Attempt)"
- "Valgrid: Futardio ICO Launch"
reweave_edges:
- "SeekerVault: Futardio ICO Launch (2nd Attempt)|related|2026-04-19"
- "Valgrid: Futardio ICO Launch|related|2026-04-20"
---

# SeekerVault: Futardio Fundraise

## Summary
SeekerVault attempted to raise $50,000 through Futardio to build encrypted decentralized backup infrastructure for the 150,000+ Solana Seeker phones. The project positioned itself as replacing Google Drive/iCloud with Walrus + Seal storage, with a roadmap including AI agent vaults, creator content stores, and data marketplace. The raise attracted only $2,095 (4.2% of target) before entering refunding status.

## Market Data
- **Outcome:** Failed (Refunding)
- **Proposers:** gbflarcos, Beardkoda
- **Funding Target:** $50,000
- **Total Committed:** $2,095
- **Duration:** 1 day (2026-03-08 to 2026-03-09)
- **Token:** J4r (J4rMkvf4qwJgX2nK3ueeL4E423chSG2jVqgk5LAGmeta)

## Significance
This fundraise demonstrates the challenge of raising capital for infrastructure plays even with clear product-market fit thesis (150K captive users). The 4.2% subscription rate suggests either:
1. Market skepticism about execution capability (two-person team, ambitious multi-phase roadmap)
2. Unclear value capture mechanism (SKV token utility described but not compelling)
3. Competition concerns (despite claiming "zero competition")
4. Timing mismatch (dApp Store listing still "in review")

The pitch emphasized multiple revenue streams (subscriptions, creator economy tax, marketplace fees) but may have suffered from scope ambiguity — backup tool vs. AI agent infrastructure vs. creator platform vs. data marketplace.

## Relationship to KB
- [[seekervault]] — parent entity, fundraise attempt
- [[futardio]] — platform used for raise
- [[MetaDAO]] — futarchy governance infrastructure

## Full Proposal Text

*Source: futard.io, launched 2026-03-04*

SeekerVault: Decentralized Data Sovereignty for the Solana Seeker. Encrypted decentralized backup infrastructure for Solana Seeker phones (150,000+ users). Replaces Google Drive/iCloud with Walrus + Seal storage.

**Storage Layer:** Walrus protocol (distributed network). **Security Layer:** Seal (decentralized secrets management via Sui blockchain, on-chain access control, threshold cryptography).

**Monetization:** Token-gated Content Vaults (creators sell access to private files/media). Point Streaking rewards users for migrating from centralized cloud.

**Raise:** Target $75,000. Total committed: $2,095 (4.2%). Status: Refunding. Closed 2026-03-05. (Note: earlier listing showed $50K target / $1,186 committed — data varies by source.)

**Pricing:** 20MB free, 100GB for $10/month (in SKR). Monthly burn: $10K ($4K team, $5K infrastructure, $1K marketing). Runway: 6 months.

**Roadmap:** March 2026 (dApp store listing, storage subscription), Q2 (content subscription/token-gated vaults), Q3 (decentralized storefront). Website: seekervault.xyz