diff --git a/entities/internet-finance/futardio.md b/entities/internet-finance/futardio.md index 3939e1019..18c4881d8 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 +- **2026-03-04** — [[send-arcade-futardio-fundraise]] launched: $288k target, reached $114,933 (40%) before refunding — first futarchy-governed casino attempt ## 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/send-arcade-futardio-fundraise.md b/entities/internet-finance/send-arcade-futardio-fundraise.md new file mode 100644 index 000000000..0621f2d22 --- /dev/null +++ b/entities/internet-finance/send-arcade-futardio-fundraise.md @@ -0,0 +1,55 @@ +--- +type: entity +entity_type: decision_market +name: "Send Arcade: Futardio Fundraise" +domain: internet-finance +status: failed +parent_entity: "[[send-arcade]]" +platform: "futardio" +proposal_url: "https://www.futard.io/launch/ActRESLUCdMzU4BnEE5VtMM2JG5ghZuKWkjXfiB5GdS7" +proposal_date: 2026-03-04 +resolution_date: 2026-03-05 +category: "fundraise" +summary: "$288k fundraise for 11-month runway to build futarchy-governed on-chain casino" +key_metrics: + raise_target: "$288,000" + total_committed: "$114,933" + oversubscription_ratio: 0.40 + outcome: "refunding" + token: "$ARCADE" + performance_package: "10%" + monthly_budget: "$20,000" + target_runway: "11 months" +tracked_by: rio +created: 2026-03-11 +--- + +# Send Arcade: Futardio Fundraise + +## Summary + +Send Arcade attempted to raise $288k through Futardio's futarchy-governed ICO platform to fund 11 months of operations as an independent on-chain casino. The raise achieved 40% of target ($114,933 committed) before entering refunding status, marking a failed launch despite the project's existing traction (9M+ plays, $200k+ ARR). + +## Market Data + +- **Outcome:** Failed (Refunding) +- **Raise Target:** $288,000 +- **Total Committed:** $114,933 (39.9% of target) +- **Launch Date:** 2026-03-04 +- **Closed:** 2026-03-05 +- **Token:** $ARCADE (AaE) +- **Performance Package:** 10% +- **Monthly Budget:** $20,000 (11-month runway) + +## Significance + +This represents a test case for futarchy-governed casino operations and demonstrates the challenge of raising capital for existing projects transitioning to new governance models. Despite real operational metrics (9M+ plays, $200k+ ARR), the raise failed to attract sufficient capital, suggesting either market skepticism about the futarchy casino model or insufficient liquidity/awareness on the Futardio platform. + +The pitch emphasized zero-backend architecture, fully on-chain verifiable outcomes, and agent-friendly PvP revenue model, positioning the casino as infrastructure for AI agents to autonomously generate returns. + +## Relationship to KB + +- [[send-arcade]] — parent entity, independent casino after Send token sunset +- [[futardio]] — launch platform +- [[futarchy-governed-meme-coins-attract-speculative-capital-at-scale]] — tests whether futarchy works for operational businesses vs pure speculation +- [[MetaDAO]] — underlying futarchy infrastructure diff --git a/entities/internet-finance/send-arcade.md b/entities/internet-finance/send-arcade.md new file mode 100644 index 000000000..039468a65 --- /dev/null +++ b/entities/internet-finance/send-arcade.md @@ -0,0 +1,37 @@ +--- +type: entity +entity_type: company +name: "Send Arcade" +domain: internet-finance +status: active +founded: 2024 +website: "https://www.sendarcade.fun/" +social: + twitter: "https://x.com/sendarcadefun" + discord: "https://discord.gg/sXzs457S" + github: "https://github.com/SendArcade" +key_metrics: + total_plays: "9M+ on-chain plays" + arr: "$200k+" + games_built: "10+" + farcaster_plays: "20k+ plays across 3k+ unique users" +tracked_by: rio +created: 2026-03-11 +--- + +# Send Arcade + +Real-money casual gaming arcade built on Solana, operating as a fully on-chain casino with verifiable outcomes and instant settlement. Originally launched under the Send Ecosystem ($SEND) 1.5 years ago, became independent after Send token sunset in early 2026. Positions itself as the first casino operated by futarchy governance. + +## Timeline + +- **2024-06** — Founded as gaming arm of Send Ecosystem, began building on-chain casino games +- **2024-12** — Achieved 9M+ on-chain plays and $200k+ ARR across 10+ games +- **2026-01** — Send token sunset, Send Arcade becomes independent entity +- **2026-03-04** — [[send-arcade-futardio-fundraise]] launched: $288k raise target, reached $114,933 before refunding + +## Relationship to KB + +- [[futarchy-governed-meme-coins-attract-speculative-capital-at-scale]] — attempting futarchy governance for casino operations +- [[MetaDAO]] — using MetaDAO's futarchy infrastructure via Futardio platform +- [[domains/internet-finance/_map]] — real-money gaming on blockchain diff --git a/inbox/archive/2026-03-04-futardio-launch-send-arcade.md b/inbox/archive/2026-03-04-futardio-launch-send-arcade.md index 758c9e463..b401fc09d 100644 --- a/inbox/archive/2026-03-04-futardio-launch-send-arcade.md +++ b/inbox/archive/2026-03-04-futardio-launch-send-arcade.md @@ -6,9 +6,13 @@ url: "https://www.futard.io/launch/ActRESLUCdMzU4BnEE5VtMM2JG5ghZuKWkjXfiB5GdS7" date: 2026-03-04 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: "Factual launch data for Send Arcade's failed Futardio fundraise. No novel claims extracted — the futarchy-governed casino concept is already covered in existing claims. Created entity pages for Send Arcade (company) and the fundraise decision market. The 40% subscription rate and refunding status is significant data but not a generalizable claim about futarchy mechanisms." --- ## Launch Details @@ -198,3 +202,11 @@ Secondary Market : Solana Degens - Token mint: `AaEYgXdHpzS9bBgAvDriVMvKDQUnqtVYAtLZJGjometa` - Version: v0.7 - Closed: 2026-03-05 + + +## Key Facts +- Send Arcade: 9M+ on-chain plays, $200k+ ARR, 10+ games built (as of 2026-01) +- Send Arcade Futardio raise: $288k target, $114,933 committed (39.9%), status: refunding (2026-03-04 to 2026-03-05) +- Send Arcade token: $ARCADE (AaE), mint: AaEYgXdHpzS9bBgAvDriVMvKDQUnqtVYAtLZJGjometa +- Send Arcade target market: Adults 18-45, centered 25-34, US/UK primary, Solana degens secondary +- Send Arcade achievements: 2x Blinkathon winner, Solana AI Hackathon, Realtime Hackathon winner, 5th Breakout Gaming, Radar Gaming winner, Helius Startup Cohort 1