From 76866c3e52a9219d3a6b31241b0a39f174f7904b Mon Sep 17 00:00:00 2001 From: Teleo Agents Date: Thu, 12 Mar 2026 03:09:42 +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 | 17 +++++++++- 3 files changed, 48 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..c32a7a7c3 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]] launched $250K fundraise, closed next day with only $27,533 (11% of target), entered REFUNDING status ## 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..8bc069151 --- /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 +website: https://openmusic.art +twitter: https://x.com/openmusic_art +founded: 2025 +key_metrics: + raise_target: "$250,000" + raise_actual: "$27,533" + raise_platform: "Futardio" + team_size: 2 + monthly_burn: "$25,000" +tracked_by: rio +created: 2026-03-11 +--- + +# Open Music + +Artist-first streaming platform on Solana that attempted to replace Spotify's pro-rata pool model with direct subscriber-to-artist payments. Launched fundraise on Futardio (MetaDAO's futarchy launchpad) on 2026-03-03, targeting $250K but reaching only $27,533 (11%) before entering REFUNDING status. + +## Timeline +- **2026-03-03** — Launched $250K fundraise on Futardio for artist-first streaming platform +- **2026-03-04** — Fundraise closed in REFUNDING status with $27,533 raised (11% of target) + +## Relationship to KB +- [[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]] — failed launch case study +- [[futarchy-governed-meme-coins-attract-speculative-capital-at-scale]] — counter-evidence (utility project failed to attract capital) +- [[futardio]] — platform used for fundraise \ No newline at end of file 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..0c2a72053 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 +6,14 @@ 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: ["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", "futarchy-governed-meme-coins-attract-speculative-capital-at-scale.md"] +extraction_model: "anthropic/claude-sonnet-4.5" +extraction_notes: "Failed Futardio launch. No novel claims about futarchy mechanisms — standard pitch deck for artist-first streaming. Primary value is as counter-evidence to meme coin thesis and data point on futarchy platform performance with utility projects. Entity created for Open Music (failed company), timeline entry added to Futardio. Launch closed within 24 hours at 11% of target, demonstrating futarchy platforms can enforce funding thresholds." --- ## 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 targeted $250,000 raise on Futardio (2026-03-03) +- Open Music raised $27,533 total (11% of target) before REFUNDING +- Open Music proposed 10% platform cut vs Spotify's ~30% +- Open Music team: 2 full-stack developers, planning to hire 1 more +- Open Music monthly burn: $25K (72% engineering, 16% infrastructure, 8% growth, 4% legal/ops) +- Spotify average artist payout: $0.003 per stream +- Open Music claimed 100 fans would pay artist ~$128/month vs Spotify's ~$9/month