From 4447540142d2d2a2d3f775c29de654d2bf8f8024 Mon Sep 17 00:00:00 2001 From: Teleo Agents Date: Thu, 12 Mar 2026 15:24:18 +0000 Subject: [PATCH] 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 --- entities/internet-finance/futardio.md | 1 + entities/internet-finance/open-music.md | 31 +++++++++++++++++++ .../2026-03-03-futardio-launch-open-music.md | 15 ++++++++- 3 files changed, 46 insertions(+), 1 deletion(-) create mode 100644 entities/internet-finance/open-music.md diff --git a/entities/internet-finance/futardio.md b/entities/internet-finance/futardio.md index 3939e1019..7e37ab207 100644 --- a/entities/internet-finance/futardio.md +++ b/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]] launch: $250K target, $27,533 raised (11%), refunded — first consumer application raise on platform ## 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." diff --git a/entities/internet-finance/open-music.md b/entities/internet-finance/open-music.md new file mode 100644 index 000000000..531c179e2 --- /dev/null +++ b/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 +tracked_by: rio +created: 2026-03-11 +key_metrics: + raise_target: "$250,000" + total_committed: "$27,533" + raise_outcome: "refunded" + launch_date: "2026-03-03" + close_date: "2026-03-04" + oversubscription_ratio: 0.11 +--- + +# Open Music + +Artist-first music streaming platform built on Solana proposing direct fan-to-artist payment model to replace Spotify's pro-rata pool. Raised through futarchy-governed launch on Futardio but failed to reach funding target. + +## Timeline +- **2026-03-03** — Launched $250K raise on Futardio with direct payment model proposition +- **2026-03-04** — Raise closed at $27,533 (11% of target), entered refunding status + +## Relationship to KB +- [[futardio]] — launch platform +- Demonstrates futarchy-governed fundraising for consumer applications +- Case study in market validation through conditional token markets diff --git a/inbox/archive/2026-03-03-futardio-launch-open-music.md b/inbox/archive/2026-03-03-futardio-launch-open-music.md index 2cdb673b0..38425de66 100644 --- a/inbox/archive/2026-03-03-futardio-launch-open-music.md +++ b/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: "Launch announcement for Open Music futarchy-governed raise on Futardio. Failed to reach minimum funding threshold (11% fill rate) and entered refunding status. No novel claims about futarchy mechanisms or market dynamics — standard pitch deck content. Entity data extracted for Open Music (new) and Futardio (timeline update). Source contains detailed financial projections and roadmap but these are company-reported targets, not verifiable outcomes. The low fill rate itself is a data point but doesn't support any general claim about futarchy-governed consumer app launches without additional context or comparison data." --- ## 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 $250,000 target (11% fill rate) on Futardio (2026-03-03) +- Open Music proposed 10% platform cut vs Spotify's ~30% +- Open Music claimed 100 fans would pay artists ~$128/month vs ~$9/month on Spotify +- Open Music MVP live at openmusic.art with artist upload and payment functionality +- Open Music team: 2 full-stack developers, planned to hire third with raise funds +- Open Music proposed $25K monthly burn rate for ~10 month runway