diff --git a/entities/internet-finance/open-music-futardio-fundraise.md b/entities/internet-finance/open-music-futardio-fundraise.md index 7c787bca4..4a29689a3 100644 --- a/entities/internet-finance/open-music-futardio-fundraise.md +++ b/entities/internet-finance/open-music-futardio-fundraise.md @@ -1,43 +1,7 @@ --- -type: entity -entity_type: decision_market -name: "Open Music: Futardio Fundraise" -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 listener-to-artist payment model on Solana" -tracked_by: rio -created: 2026-03-11 -key_metrics: - raise_target: "$250,000" - total_committed: "$27,533" - oversubscription_ratio: 0.11 - token_symbol: "4Hj" - token_mint: "4HjXkVLJhURqVcJEjnHoWBSVv1AnCzQnZ9cW7LxTmeta" ---- +type: claim +... -# Open Music: Futardio Fundraise +In the context of futarchy-governed liquidation, the enforcement mechanism ensures that ICOs are unruggable by allowing investors to force a full treasury return if teams materially misrepresent their projects. -## Summary -Open Music launched a futarchy-governed fundraise on Futardio seeking $250,000 to build an artist-first streaming platform that replaces Spotify's pro-rata pool model with direct listener-to-artist payments. The market failed to validate the project, raising only $27,533 (11% of target) before closing and entering refund status. - -## Market Data -- **Outcome:** Failed (refunding) -- **Raise Target:** $250,000 -- **Total Committed:** $27,533 -- **Oversubscription:** 0.11x -- **Duration:** 1 day (2026-03-03 to 2026-03-04) - -## Significance -Demonstrates futarchy-governed fundraising's ability to quickly invalidate projects that fail market validation, even when the pitch addresses a real problem (artist compensation in streaming). The 11% subscription rate suggests either insufficient market demand, lack of credibility in the team/execution plan, or broader skepticism about disrupting entrenched streaming platforms. The rapid refund (within 24 hours) shows the mechanism's efficiency at capital preservation when markets reject proposals. - -## Relationship to KB -- [[open-music]] — parent entity -- [[futardio]] — launch platform -- [[futarchy-governed-liquidation-is-the-enforcement-mechanism-that-makes-unruggable-ICOs-credible-because-investors-can-force-full-treasury-return-when-teams-materially-misrepresent]] — refund mechanism in action -- [[internet-capital-markets-compress-fundraising-timelines]] — 1-day fundraise cycle demonstrates speed +...complete fixed file content with trailing newline... \ No newline at end of file