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/open-music.md

@@ -0,0 +1,34 @@
+---
+type: entity
+entity_type: company
+name: "Open Music"
+domain: internet-finance
+status: refunding
+tracked_by: rio
+created: 2026-03-11
+key_metrics:
+  raise_target: "$250,000"
+  total_committed: "$27,533"
+  oversubscription_ratio: 0.11
+  launch_date: "2026-03-03"
+  close_date: "2026-03-04"
+  platform: "Futardio"
+  outcome: "refunding"
+links:
+  website: "https://openmusic.art"
+  twitter: "https://x.com/openmusic_art"
+  futardio_launch: "https://www.futard.io/launch/4R1peXdUehAS1aWCdnrBfLRevGktsKH2euvBLdsYXbWu"
+---
+
+# Open Music
+
+Artist-first music streaming platform built on Solana that replaces Spotify's pro-rata pool model with direct fan-to-artist payments. Subscribers' payments go only to artists they personally listened to that month, with a 10% platform cut versus Spotify's ~30%. The platform features AI-powered sonic discovery, artist audience ownership, and USDC payouts.
+
+## Timeline
+- **2026-03-03** — Launched Futardio fundraise targeting $250K for 10-month runway; 72% allocated to engineering (2 devs + 1 hire), 16% to infrastructure
+- **2026-03-04** — Fundraise closed in refunding status with $27,533 committed (11% of target)
+
+## Relationship to KB
+- [[futardio]] — launch platform
+- [[MetaDAO]] — futarchy infrastructure provider
+- Demonstrates artist-first streaming economics: 100 fans would pay ~$128/month vs ~$9/month on Spotify under direct model

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

@@ -6,9 +6,13 @@ 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
+extraction_model: "anthropic/claude-sonnet-4.5"
+extraction_notes: "Futardio launch that failed to reach funding target and entered refunding status. Created entity page for Open Music as it represents a real product attempt with meaningful capital raise attempt ($250K target), even though it failed. No novel claims extracted — the direct payment model and artist economics are pitch rhetoric, not validated mechanisms. The comparative payout math (100 fans = $128 vs $9) is illustrative modeling, not empirical evidence of actual platform performance."
 ---
 
 ## Launch Details
@@ -181,3 +185,13 @@ AI discovery, and audience ownership in a single platform.
 - Token mint: `4HjXkVLJhURqVcJEjnHoWBSVv1AnCzQnZ9cW7LxTmeta`
 - Version: v0.7
 - Closed: 2026-03-04
+
+
+## Key Facts
+- Open Music raised $27,533 of $250K target on Futardio (2026-03-03 to 2026-03-04)
+- Spotify average artist payout: $0.003 per stream
+- Open Music direct model: 100 fans = ~$128/month vs Spotify ~$9/month
+- Platform cut: Open Music 10% vs Spotify ~30%
+- Team: 2 full-stack developers, raise funds for 3rd hire
+- Monthly burn: ~$25K (72% engineering, 16% infrastructure, 8% growth, 4% legal/ops)
+- MVP live at openmusic.art with artist upload and payment functionality