rio: extract from 2026-03-04-futardio-launch-send-arcade.md

- Source: inbox/archive/2026-03-04-futardio-launch-send-arcade.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 2)

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
+- **2026-03-04** — [[send-arcade-futardio-fundraise]] launched targeting $288k for on-chain casino operations, reached $114.9k (39.9%) before refunding — first documented futarchy-governed casino fundraise failure
 ## 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/send-arcade-futardio-fundraise.md

@@ -0,0 +1,61 @@
+---
+type: entity
+entity_type: decision_market
+name: "Send Arcade: Futardio Fundraise"
+domain: internet-finance
+status: failed
+parent_entity: "[[send-arcade]]"
+platform: "futardio"
+proposer: "Send Arcade team"
+proposal_url: "https://www.futard.io/launch/ActRESLUCdMzU4BnEE5VtMM2JG5ghZuKWkjXfiB5GdS7"
+proposal_date: 2026-03-04
+resolution_date: 2026-03-05
+category: "fundraise"
+summary: "Send Arcade attempted to raise $288k through futarchy-governed ICO for independent casino operations after Send token sunset"
+key_metrics:
+  raise_target: "$288,000"
+  total_committed: "$114,933"
+  commitment_rate: "39.9%"
+  token_ticker: "$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 launched a futarchy-governed fundraise on Futardio targeting $288,000 to support 11 months of independent operations as an on-chain casino after separating from the Send Ecosystem. The raise attracted $114,933 in commitments (39.9% of target) before entering refunding status, making it the first documented futarchy-governed casino fundraise to fail to meet its minimum threshold.
+
+## Market Data
+- **Outcome:** Failed (refunding)
+- **Launch date:** 2026-03-04
+- **Close date:** 2026-03-05
+- **Raise target:** $288,000
+- **Total committed:** $114,933 (39.9%)
+- **Token:** $ARCADE
+- **Performance package:** 10%
+- **Monthly budget:** $20,000 (11-month runway)
+
+## Technical Architecture
+- Zero backend — games fetch state directly from contracts
+- Fully on-chain with verifiable outcomes and instant settlement
+- Agent-friendly PvP revenue model
+- 90% lower operating costs than traditional gaming studios due to no server infrastructure
+
+## Market Positioning
+- Target market: Adults 18-45 (centered 25-34), primarily US/UK
+- Secondary market: Solana degens, Solana Seeker and Play Solana communities
+- Revenue model: House takes share from losing side in PvP games
+- Distribution: Multiple publishing platforms (itch.io, GOG, Poki, etc.)
+
+## Significance
+First documented case of a futarchy-governed casino/gaming project fundraise. The 39.9% commitment rate suggests either insufficient market validation for the casino model, skepticism about post-Send-ecosystem viability, or general futarchy fundraise market conditions in early 2026. The refunding outcome provides data on futarchy ICO failure modes.
+
+## Relationship to KB
+- [[send-arcade]] — parent entity
+- [[futardio]] — fundraising platform
+- [[MetaDAO]] — futarchy infrastructure
+- Related to [[futarchy-governed-meme-coins-attract-speculative-capital-at-scale]] — tests whether futarchy works for non-meme utility projects

entities/internet-finance/send-arcade.md

@@ -0,0 +1,33 @@
+---
+type: entity
+entity_type: company
+name: "Send Arcade"
+domain: internet-finance
+status: active
+founded: 2024
+website: "https://www.sendarcade.fun/"
+twitter: "https://x.com/sendarcadefun"
+github: "https://github.com/SendArcade"
+key_metrics:
+  games_built: "10+"
+  onchain_plays: "9M+"
+  arr: "$200k+"
+  farcaster_plays: "20k+"
+  farcaster_users: "3k+"
+tracked_by: rio
+created: 2026-03-11
+---
+
+# Send Arcade
+
+Real-money casual gaming arcade built on Solana, originally part of the Send Ecosystem ($SEND token). Operates as a fully on-chain casino with verifiable outcomes and instant settlement. After the Send token was sunset in early 2026, Send Arcade became independent and launched a futarchy-governed fundraise on Futardio.
+
+## Timeline
+- **2024-H2** — Launched under Send Ecosystem, built 10+ games, achieved 9M+ on-chain plays and $200k+ ARR
+- **2026-01** — Send token sunset, Send Arcade became independent entity
+- **2026-03-04** — [[send-arcade-futardio-fundraise]] launched on Futardio targeting $288k, reached $114.9k committed before refunding
+
+## Relationship to KB
+- [[futardio]] — fundraising platform
+- [[MetaDAO]] — futarchy infrastructure provider
+- Example of futarchy-governed casino/gaming project attempting to raise capital through conditional markets

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: "Source is a futarchy fundraise launch page for Send Arcade. Primary extraction is entity data (new company + decision_market for the fundraise). No novel claims about futarchy mechanisms — this is a standard application of existing futarchy ICO infrastructure. The 39.9% commitment rate and refunding outcome is significant as a data point on futarchy fundraise success rates, but not sufficient alone to generate a new claim. Added as enrichment context to existing futarchy adoption and fundraising claims through the decision_market entity."
 ---
 
 ## Launch Details
@@ -198,3 +202,14 @@ Secondary Market : Solana Degens
 - Token mint: `AaEYgXdHpzS9bBgAvDriVMvKDQUnqtVYAtLZJGjometa`
 - Version: v0.7
 - Closed: 2026-03-05
+
+
+## Key Facts
+- Send Arcade built 10+ games with 9M+ on-chain plays and $200k+ ARR under Send Ecosystem (2024)
+- Send token was sunset in January 2026, forcing Send Arcade to become independent
+- Send Arcade Futardio raise targeted $288k for 11-month runway at $20k/month burn rate
+- Raise achieved $114,933 committed (39.9% of target) before entering refunding status
+- Send Arcade claims 90% lower operating costs than traditional gaming studios due to zero backend architecture
+- Send Arcade won 2x Blinkathon, Solana AI Hackathon, Realtime Hackathon, and other competitions
+- Games achieved 20k+ plays across 3k+ unique users on Farcaster
+- Target market: Adults 18-45 (centered 25-34), primarily US/UK players