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 launch: $27,533 raised against $250K target (11%), entered REFUNDING status within 24 hours — first documented substantive project failure 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."

entities/internet-finance/open-music.md

@@ -0,0 +1,37 @@
+---
+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
+key_metrics:
+  raise_target: "$250,000"
+  total_committed: "$27,533"
+  oversubscription_ratio: 0.11
+  monthly_burn: "$25,000"
+  projected_runway: "10 months"
+tracked_by: rio
+created: 2026-03-11
+---
+
+# Open Music
+
+Artist-first music streaming platform on Solana that replaces Spotify's pro-rata pool model with direct listener-to-artist payments. Attempted futarchy-governed fundraise on Futardio that failed to reach minimum threshold.
+
+## Overview
+
+Open Music built a direct payment streaming model where each subscriber's payment goes only to artists they personally listened to that month, rather than being pooled globally. The platform claimed this would pay artists ~$128/month per 100 fans versus Spotify's ~$9/month. Had live MVP at openmusic.art with artist upload and payment functionality. Raised only 11% of $250K target through Futardio launch before entering refund status.
+
+## Timeline
+- **2025-Q4** — MVP launched at openmusic.art with artist upload and USDC payout functionality
+- **2026-03-03** — Futardio fundraise launched targeting $250K for 10-month runway
+- **2026-03-04** — Fundraise closed in REFUNDING status with $27,533 committed (11% of target)
+
+## Relationship to KB
+- [[futardio]] — fundraising platform
+- [[futarchy-variance-creates-portfolio-problem-because-mechanism-selects-both-top-performers-and-worst-performers-simultaneously]] — exemplifies downside variance
+- Contrasts with [[futardio-cult-raised-11-4-million-in-one-day-through-futarchy-governed-meme-coin-launch]] as failed launch on same platform

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

@@ -6,9 +6,14 @@ 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
+enrichments_applied: ["futarchy-governed-meme-coins-attract-speculative-capital-at-scale.md", "futarchy-variance-creates-portfolio-problem-because-mechanism-selects-both-top-performers-and-worst-performers-simultaneously.md", "MetaDAO is the futarchy launchpad on Solana where projects raise capital through unruggable ICOs governed by conditional markets creating the first platform for ownership coins at scale.md"]
+extraction_model: "anthropic/claude-sonnet-4.5"
+extraction_notes: "Failed futarchy launch providing counter-evidence to meme coin capital attraction thesis. No novel claims extracted — primary value is enrichment data showing futarchy variance and platform evolution toward traditional fundraising disclosure standards. Open Music had substantive product and team but failed to attract capital, contrasting with CULT's meme coin success on same platform."
 ---
 
 ## Launch Details
@@ -181,3 +186,13 @@ AI discovery, and audience ownership in a single platform.
 - Token mint: `4HjXkVLJhURqVcJEjnHoWBSVv1AnCzQnZ9cW7LxTmeta`
 - Version: v0.7
 - Closed: 2026-03-04
+
+
+## Key Facts
+- Open Music MVP live at openmusic.art with artist upload and USDC payout functionality
+- Spotify paid average artist $0.003 per stream in 2025, took $20B revenue
+- Open Music claimed 100 fans would pay artist ~$128/month vs Spotify's ~$9/month
+- Team: 2 full-stack developers, planned to hire 3rd with raise funds
+- Proposed capital allocation: 72% engineering, 16% infrastructure/RPC, 8% growth, 4% legal/ops
+- Token: 4Hj, mint address 4HjXkVLJhURqVcJEjnHoWBSVv1AnCzQnZ9cW7LxTmeta
+- Launch address: 4R1peXdUehAS1aWCdnrBfLRevGktsKH2euvBLdsYXbWu