rio: extract from 2026-03-03-futardio-launch-open-music.md

- Source: inbox/archive/2026-03-03-futardio-launch-open-music.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 4)

Pentagon-Agent: Rio <HEADLESS>

entities/internet-finance/futardio.md

@@ -46,6 +46,7 @@ MetaDAO's token launch platform. Implements "unruggable ICOs" — permissionless
 
 - **2026-03-07** — Areal DAO launch: $50K target, raised $11,654 (23.3%), REFUNDING status by 2026-03-08 — first documented failed futarchy-governed fundraise on platform
 - **2026-03-04** — [[seekervault]] fundraise launched targeting $75,000, closed next day with only $1,186 (1.6% of target) in refunding status
+- **2026-03-03** — [[open-music-futardio-launch]] launched seeking $250K for artist-first streaming, failed at $27,533 (11% of target)
 ## Competitive Position
 - **Unique mechanism**: Only launch platform with futarchy-governed accountability and treasury return guarantees
 - **vs pump.fun**: pump.fun is memecoin launch (zero accountability, pure speculation). Futardio is ownership coin launch (futarchy governance, treasury enforcement). Different categories despite both being "launch platforms."

entities/internet-finance/open-music-futardio-launch.md

@@ -0,0 +1,64 @@
+---
+type: entity
+entity_type: decision_market
+name: "Open Music: Futardio Launch"
+domain: internet-finance
+status: failed
+parent_entity: "[[open-music]]"
+platform: "futardio"
+proposal_url: "https://www.futard.io/launch/4R1peXdUehAS1aWCdnrBfLRevGktsKH2euvBLdsYXbWu"
+proposal_date: 2026-03-03
+resolution_date: 2026-03-04
+category: "fundraise"
+summary: "Artist-first streaming platform seeking $250K to build direct fan-to-artist payment model on Solana"
+tracked_by: rio
+created: 2026-03-11
+key_metrics:
+  raise_target: "$250,000"
+  total_committed: "$27,533"
+  outcome: "refunding"
+  token_symbol: "4Hj"
+  token_mint: "4HjXkVLJhURqVcJEjnHoWBSVv1AnCzQnZ9cW7LxTmeta"
+---
+
+# Open Music: Futardio Launch
+
+## Summary
+Open Music proposed a Solana-based music streaming platform replacing Spotify's pro-rata pool model with direct fan-to-artist payments. The futarchy-governed fundraise sought $250K to fund 10 months of development with a 2-person team plus one hire. The raise failed to reach its target, achieving only 11% of the goal.
+
+## Market Data
+- **Outcome:** Failed (refunding)
+- **Raise Target:** $250,000
+- **Total Committed:** $27,533
+- **Oversubscription:** 0.11x
+- **Launch Date:** 2026-03-03
+- **Close Date:** 2026-03-04
+
+## Proposal Details
+**Value Proposition:**
+- Direct payment model: subscriber payments go only to artists they listened to
+- Platform takes 10% vs Spotify's ~30%
+- For 100 fans: Spotify pays ~$9/month, Open Music pays ~$128/month
+- AI-powered sonic discovery without label budget requirements
+- Artists own their audience data
+
+**Use of Funds:**
+- Engineering (72%): $18K/month for 2 devs + 1 hire
+- Infrastructure (16%): $4K/month for Solana RPC
+- Growth (8%): $2K/month for artist acquisition
+- Ops (4%): $1K/month for legal and contingency
+
+**Roadmap:**
+- Q2 2025: 50 founding artists, stable payout flow
+- Q3 2025: AI discovery engine, artist dashboard
+- Q4 2025: 500 active artists, governance layer
+- Q1 2026: 2,000+ artists, open API
+
+## Significance
+This launch demonstrates futarchy-governed fundraising for consumer applications outside pure DeFi/crypto infrastructure. The 11% funding ratio suggests either insufficient market validation for the direct payment model or inadequate community building pre-launch. The failure provides data on minimum viable community size for futarchy-governed consumer product launches.
+
+## Relationship to KB
+- [[open-music]] — parent entity
+- [[futardio]] — launch platform
+- [[MetaDAO]] — futarchy infrastructure
+- Example of futarchy-governed consumer product launch that failed to reach funding threshold

entities/internet-finance/open-music.md

@@ -0,0 +1,31 @@
+---
+type: entity
+entity_type: company
+name: "Open Music"
+domain: internet-finance
+status: failed
+founded: 2025
+platform: "Solana"
+website: "https://openmusic.art"
+twitter: "https://x.com/openmusic_art"
+tracked_by: rio
+created: 2026-03-11
+key_metrics:
+  raise_target: "$250,000"
+  total_committed: "$27,533"
+  raise_status: "refunding"
+  oversubscription_ratio: 0.11
+---
+
+# Open Music
+
+Artist-first music streaming platform built on Solana that replaces Spotify's pro-rata pool model with direct fan-to-artist payments. Raised through Futardio futarchy-governed launch but failed to reach funding target.
+
+## Timeline
+- **2026-03-03** — [[open-music-futardio-launch]] launched on Futardio seeking $250K for artist-first streaming platform
+- **2026-03-04** — Fundraise closed at $27,533 (11% of target), entered refunding status
+
+## Relationship to KB
+- [[futardio]] — fundraising platform
+- [[MetaDAO]] — futarchy infrastructure provider
+- Example of futarchy-governed launch that failed to reach minimum viable funding

inbox/archive/2026-03-03-futardio-launch-open-music.md

@@ -6,9 +6,13 @@ url: "https://www.futard.io/launch/4R1peXdUehAS1aWCdnrBfLRevGktsKH2euvBLdsYXbWu"
 date: 2026-03-03
 domain: internet-finance
 format: data
-status: unprocessed
+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: "Futarchy-governed fundraise for consumer music streaming platform. Failed to reach minimum funding threshold at 11% of target. No novel claims about futarchy mechanisms or market dynamics—this is a straightforward failed launch. The direct payment model economics and competitive positioning are company pitch rhetoric, not independently verified claims. Entity data extracted for Open Music company and its Futardio launch decision market."
 ---
 
 ## Launch Details
@@ -181,3 +185,12 @@ AI discovery, and audience ownership in a single platform.
 - Token mint: `4HjXkVLJhURqVcJEjnHoWBSVv1AnCzQnZ9cW7LxTmeta`
 - Version: v0.7
 - Closed: 2026-03-04
+
+
+## Key Facts
+- Open Music raised $27,533 of $250K target (11%) on Futardio (2026-03-03)
+- Open Music direct payment model: 100 fans = $128/month vs Spotify $9/month
+- Open Music proposed 10% platform cut vs Spotify ~30%
+- Open Music MVP live at openmusic.art with artist uploads and payments functional
+- Open Music team: 2 full-stack developers, planned to hire 3rd with raise funds
+- Open Music monthly burn: $25K (72% engineering, 16% infrastructure, 8% growth, 4% ops)