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 6)

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]] launched $250K fundraise, reached only $27,533 (11%) before refunding by 2026-03-04
 ## 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 +1,33 @@
+---
+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:
+  fundraise_target: "$250,000"
+  total_committed: "$27,533"
+  fundraise_outcome: "REFUNDING"
+  launch_date: "2026-03-03"
+  close_date: "2026-03-04"
+  platform: "Futardio"
+tracked_by: rio
+created: 2026-03-11
+---
+
+# Open Music
+
+Artist-first music streaming platform built on Solana that attempted to replace Spotify's pro-rata pool model with direct listener-to-artist payments. Launched futarchy-governed fundraise on Futardio March 2026, raising only 11% of $250K target before going to refund status.
+
+## Timeline
+- **2026-03-03** — Launched $250,000 futarchy-governed fundraise on Futardio with artist-first streaming model
+- **2026-03-04** — Fundraise closed to REFUNDING status with only $27,533 committed (11% of target)
+
+## Relationship to KB
+- [[futardio]] — fundraising platform
+- [[futarchy-governed-permissionless-launches-require-brand-separation-to-manage-reputational-liability-because-failed-projects-on-a-curated-platform-damage-the-platforms-credibility]] — case study in launch failure
+- [[futarchy-governed-meme-coins-attract-speculative-capital-at-scale]] — contrast case (utility vs meme)

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-permissionless-launches-require-brand-separation-to-manage-reputational-liability-because-failed-projects-on-a-curated-platform-damage-the-platforms-credibility.md", "futarchy-governed-meme-coins-attract-speculative-capital-at-scale.md", "internet-capital-markets-compress-fundraising-timelines.md"]
+extraction_model: "anthropic/claude-sonnet-4.5"
+extraction_notes: "Failed futarchy-governed fundraise for artist-first streaming platform. No novel claims extracted — primary value is as enrichment evidence for existing claims about futarchy launch dynamics (meme vs utility bifurcation, speed of both success and failure, reputational risk). Entity created to track the failure case. Source contains detailed financial projections and product roadmap but these are pitch materials, not verified evidence."
 ---
 
 ## 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 proposed direct listener-to-artist payment model vs Spotify's pro-rata pool
+- Spotify average payout: $0.003 per stream (source: Open Music pitch)
+- Open Music projected payout with 100 fans: ~$128/month vs Spotify's ~$9/month
+- Team: 2 full-stack developers, planned to hire 3rd with raise funds
+- Monthly burn rate: ~$25,000 (72% engineering, 16% infrastructure, 8% growth, 4% ops)
+- MVP live at openmusic.art at time of fundraise
+- Token: 4Hj, mint address: 4HjXkVLJhURqVcJEjnHoWBSVv1AnCzQnZ9cW7LxTmeta