diff --git a/domains/internet-finance/metadao-ico-platform-demonstrates-15x-oversubscription-validating-futarchy-governed-capital-formation.md b/domains/internet-finance/metadao-ico-platform-demonstrates-15x-oversubscription-validating-futarchy-governed-capital-formation.md index f5f796ea1..bb96c15fa 100644 --- a/domains/internet-finance/metadao-ico-platform-demonstrates-15x-oversubscription-validating-futarchy-governed-capital-formation.md +++ b/domains/internet-finance/metadao-ico-platform-demonstrates-15x-oversubscription-validating-futarchy-governed-capital-formation.md @@ -62,7 +62,7 @@ Cloak raised only $1,455 against a $300,000 target (0.5% of target), entering re ### Additional Evidence (challenge) -*Source: [[2026-03-05-futardio-launch-phonon-studio-ai]] | Added: 2026-03-16* +*Source: 2026-03-05-futardio-launch-phonon-studio-ai | Added: 2026-03-16* Phonon Studio AI launch failed to reach its $88,888 target and entered refunding status, demonstrating that not all futarchy-governed raises succeed. The project had demonstrable traction (live product, 1000+ songs generated, functional token mechanics) but still failed to attract sufficient capital, suggesting futarchy capital formation success is not uniform across project types or market conditions.