---
type: source
title: "Futardio: Open Music fundraise goes live"
author: "futard.io"
url: "https://www.futard.io/launch/4R1peXdUehAS1aWCdnrBfLRevGktsKH2euvBLdsYXbWu"
date: 2026-03-03
domain: internet-finance
format: data
status: processed
tags: [futardio, metadao, futarchy, solana]
event_type: launch
processed_by: rio
processed_date: 2026-03-11
extraction_model: "anthropic/claude-sonnet-4.5"
extraction_notes: "Futardio launch that failed to reach funding target and entered refunding status. Created entity page for Open Music as it represents a real product attempt with meaningful capital raise attempt ($250K target), even though it failed. No novel claims extracted — the direct payment model and artist economics are pitch rhetoric, not validated mechanisms. The comparative payout math (100 fans = $128 vs $9) is illustrative modeling, not empirical evidence of actual platform performance."
---

## Launch Details
- Project: Open Music
- Description: Spotify took $20B last year. You got $0.003 per stream. Open Music fixes the math.
- Funding target: $250,000.00
- Total committed: $27,533.00
- Status: Refunding
- Launch date: 2026-03-03
- URL: https://www.futard.io/launch/4R1peXdUehAS1aWCdnrBfLRevGktsKH2euvBLdsYXbWu

## Team / Description

# Open Music — Artist-First Streaming on Solana

## The Problem

Spotify made $20 billion last year. The average artist got $0.003 per stream.

That's not a royalty. That's a rounding error.

The pro-rata pool model means your streams compete against every other stream on the platform. 
The top 1% extracts most of the value. Everyone else gets a mystery deposit and no explanation.

Artists don't own their audience. They don't know who's listening. 
They can't contact their fans. The platform owns that relationship — and rents it back to you via algorithm.

Discovery is pay-to-play. Label money gets pushed. Independent artists fight for scraps.

**This isn't a flawed system. It's a system working exactly as designed — just not for you.**

---

## The Solution

Open Music replaces the pool with a direct model.

Every subscriber's payment goes **only** to the artists they personally listened to that month. 
Not split across millions of tracks. Directly to you, proportional to your listeners' time.

| | Spotify | Open Music |
|---|---|---|
| Model | Pro-rata global pool | Your listeners only |
| Platform cut | ~30% | 10% |
| Payout breakdown | None | Full — per listener |
| Payout method | Bank (high minimums) | USD wallet + USDC / Solana |

### What 100 fans actually pays you:
- **Spotify:** ~$9/month
- **Open Music:** ~$128/month

The difference isn't a rounding error. It's a different system entirely.

### Three shifts that matter:

**01 — Money flows directly to you**
No pool. No mystery. Your listeners' subscription goes to you based on their listening, every cycle.

**02 — Your audience is yours**
You see who's listening, who paid you, and how much. No black box. No algorithm controlling your reach.

**03 — Discovery based on sound, not budget**
AI-powered sonic similarity matches your music to listeners based on what it actually sounds like. 
No promoted slots. No gatekeepers. No label budget required.

---

## Traction

- MVP is live at [openmusic.art](https://openmusic.art)
- Artists can upload and receive payments today
- Early community forming — artists onboarding as co-builders, not beta testers
- Built on Solana — payouts in USD wallet + USDC

---

## Team

Two full-stack developers with end-to-end ownership of the product — 
from Solana payment infrastructure to the AI discovery layer to the artist dashboard.

Raise funds will be used to bring on a third developer to accelerate delivery.

No VC. No label. No outside agenda. Built by people who were tired of waiting for the industry to fix itself.

---

## Use of Funds

**Raise target: $250,000**
**Monthly burn: ~$25,000**
**Runway: ~10 months**

| Category | Monthly | % |
|---|---|---|
| Engineering (2 devs + 1 hire) | $18,000 | 72% |
| Infrastructure & Solana RPC | $4,000 | 16% |
| Growth & Artist Acquisition | $2,000 | 8% |
| Legal, Ops & Contingency | $1,000 | 4% |

Capital is lean by design. Every dollar goes toward shipping and artist onboarding — 
not marketing spend or vanity metrics.

---

## Roadmap & Milestones

### Q2 2025 — Foundation
- [ ] Stable artist upload + payout flow
- [ ] Direct fan-to-artist payment model live
- [ ] 50 founding artists onboarded
- [ ] Solana USDC payout integration

### Q3 2025 — Discovery
- [ ] AI sonic similarity engine (v1)
- [ ] Listener-facing discovery feed
- [ ] Artist dashboard: who paid, how much, per cycle
- [ ] Fan subscription management

### Q4 2025 — Scale
- [ ] Mobile-optimized experience
- [ ] Artist analytics + audience ownership tools
- [ ] 500 active artists
- [ ] Governance layer + OM token utility

### Q1 2026 — Ecosystem
- [ ] Open API for third-party integrations
- [ ] Label / collective tooling
- [ ] Cross-platform artist identity (wallet-linked)
- [ ] 2,000+ artists, measurable payout delta vs Spotify

---

## Market & Differentiation

**Target market:**
- Independent artists with existing listeners (1K–100K monthly streams)
- Solana-native creators and music NFT communities
- Fans who want their subscription to actually reach their artists

**Why now:**
The creator economy backlash against platform extraction is at a peak. 
Artists are actively looking for alternatives. The infrastructure (Solana, USDC, AI) 
now makes a direct model viable at scale for the first time.

**Competitive edge:**

| | Spotify | Bandcamp | Sound.xyz | Open Music |
|---|---|---|---|---|
| Direct payout model | ✗ | Partial | Partial | ✓ |
| Subscription-based | ✓ | ✗ | ✗ | ✓ |
| AI sonic discovery | ✗ | ✗ | ✗ | ✓ |
| Artist owns audience | ✗ | ✗ | ✗ | ✓ |
| Onchain / Solana | ✗ | ✗ | ✓ | ✓ |

No one else combines the subscription model, direct payout, 
AI discovery, and audience ownership in a single platform.

**That's the moat.**

## Links

- Website: https://openmusic.art
- Twitter: https://x.com/openmusic_art

## Raw Data

- Launch address: `4R1peXdUehAS1aWCdnrBfLRevGktsKH2euvBLdsYXbWu`
- Token: 4Hj (4Hj)
- Token mint: `4HjXkVLJhURqVcJEjnHoWBSVv1AnCzQnZ9cW7LxTmeta`
- Version: v0.7
- Closed: 2026-03-04


## Key Facts
- Open Music raised $27,533 of $250K target on Futardio (2026-03-03 to 2026-03-04)
- Spotify average artist payout: $0.003 per stream
- Open Music direct model: 100 fans = ~$128/month vs Spotify ~$9/month
- Platform cut: Open Music 10% vs Spotify ~30%
- Team: 2 full-stack developers, raise funds for 3rd hire
- Monthly burn: ~$25K (72% engineering, 16% infrastructure, 8% growth, 4% legal/ops)
- MVP live at openmusic.art with artist upload and payment functionality
