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4 changed files with 33 additions and 50 deletions
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@ -46,7 +46,7 @@ MetaDAO's token launch platform. Implements "unruggable ICOs" — permissionless
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- **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
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- **2026-03-04** — [[seekervault]] fundraise launched targeting $75,000, closed next day with only $1,186 (1.6% of target) in refunding status
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- **2026-03-05** — [[git3-futardio-fundraise]] launched targeting $100K for on-chain Git infrastructure, reached $28,266 before refunding
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- **2026-03-05** — [[git3-futardio-fundraise]] launched targeting $100K for on-chain Git infrastructure, refunded at $28,266 (28.3% of target)
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## Competitive Position
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- **Unique mechanism**: Only launch platform with futarchy-governed accountability and treasury return guarantees
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- **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."
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@ -10,11 +10,13 @@ proposal_url: "https://www.futard.io/launch/HKRDmghovXSCMobiRCZ7BBdHopEizyKmnhJK
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proposal_date: 2026-03-05
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resolution_date: 2026-03-06
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category: "fundraise"
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summary: "Git3 attempted to raise $100K for on-chain Git infrastructure through Futardio but reached only $28,266 before refunding"
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summary: "Git3 attempted to raise $100K for on-chain Git infrastructure development through Futardio but reached only 28% of target before refunding"
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key_metrics:
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funding_target: "$100,000"
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total_committed: "$28,266"
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commitment_ratio: 0.28
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commitment_ratio: "28.3%"
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token: "6VT"
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token_mint: "6VTMeDtrtimh2988dhfYi2rMEDVdYzuHoSgERUmdmeta"
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tracked_by: rio
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created: 2026-03-11
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---
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@ -23,49 +25,30 @@ created: 2026-03-11
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## Summary
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Git3 launched a futarchy-governed fundraise on Futardio targeting $100,000 to build on-chain Git infrastructure with permanent storage on Irys blockchain, repository NFTs, and x402 protocol monetization. The raise attracted $28,266 in commitments (28% of target) before entering refunding status.
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Git3 launched a futarchy-governed fundraise on Futardio targeting $100,000 to accelerate development of on-chain Git infrastructure with x402 monetization. The raise attracted $28,266 (28.3% of target) before entering refunding status, representing a failed capital formation attempt for blockchain-based code storage infrastructure.
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## Market Data
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- **Outcome:** Failed (refunding)
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- **Funding Target:** $100,000
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- **Total Committed:** $28,266
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- **Commitment Ratio:** 28%
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- **Launch Date:** 2026-03-05
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- **Close Date:** 2026-03-06
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- **Outcome:** Failed (Refunding)
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- **Platform:** Futardio
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- **Target:** $100,000
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- **Committed:** $28,266 (28.3%)
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- **Duration:** 2026-03-05 to 2026-03-06 (1 day)
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- **Token:** 6VT
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- **Token Mint:** 6VTMeDtrtimh2988dhfYi2rMEDVdYzuHoSgERUmdmeta
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## Project Details
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Git3 proposed bringing Git repositories on-chain with:
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- Permanent storage on Irys blockchain
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- Repository-as-NFT ownership model
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- x402 protocol for code monetization
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- GitHub Actions integration for seamless deployment
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- AI agent interoperability through decentralized MCP
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- MVP already live at git3.io
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**Planned Use of Funds:**
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- Team: ~$5,000/month
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- Infrastructure: ~$2,000/month
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- Marketing & Ecosystem: ~$1,000/month
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- Total burn: ~$8,000/month
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- Target runway: 12-13 months
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**Roadmap:**
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- Phase 1 (Current): Core infrastructure with GitHub integration
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- Phase 2 (Q2-Q3 2025): NFT marketplace and x402 integration
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- Phase 3 (Q4 2025): Ecosystem expansion and $GIT3 token
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## Significance
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This fundraise demonstrates the challenge of raising capital for infrastructure projects through futarchy markets, even with working MVP and clear technical roadmap. The 28% commitment ratio suggests either insufficient market validation, unclear value proposition, or limited awareness within the Futardio ecosystem.
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This represents a test case for futarchy-governed fundraising for developer infrastructure. The low commitment ratio (28.3%) suggests either:
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1. Market skepticism about on-chain Git storage value proposition
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2. Insufficient liquidity/awareness in early Futardio ecosystem
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3. Competitive positioning challenges versus established Git hosting
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4. Timing issues with developer infrastructure fundraising
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The project's "vampire attack" strategy of extending GitHub rather than replacing it represents a pragmatic go-to-market approach, but the failed raise indicates this positioning may not have resonated with futarchy market participants.
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The rapid refunding (within 1 day) demonstrates the unruggable ICO mechanism working as designed — investors can force liquidation when projects fail to meet funding thresholds.
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## Relationship to KB
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- [[git3]] — parent entity
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- [[git3]] — parent company entity
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- [[futardio]] — fundraising platform
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- [[MetaDAO]] — futarchy infrastructure provider
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- [[MetaDAO]] — underlying futarchy infrastructure
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- Tests futarchy-governed fundraising for developer tools market
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@ -23,15 +23,16 @@ created: 2026-03-11
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# Git3
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Git3 is infrastructure that brings Git repositories on-chain, enabling code ownership, censorship resistance, and monetization through the x402 protocol. Repositories are stored permanently on Irys blockchain as NFTs, with GitHub Actions integration for seamless deployment.
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Git3 is infrastructure that brings Git repositories on-chain through permanent storage on Irys blockchain, enabling code ownership, censorship resistance, and monetization through the x402 protocol. Each repository is stored as an NFT with complete Git history preserved cryptographically.
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## Timeline
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- **2026-03-05** — [[git3-futardio-fundraise]] launched on Futardio targeting $100K, reached $28,266 before refunding
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- **2025-Q1** — MVP launched at git3.io with terminal interface, GitHub OAuth, and Irys blockchain integration
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- **2025-Q1** — MVP launched at git3.io with GitHub Actions integration and terminal interface
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## Relationship to KB
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- [[futardio]] — fundraising platform
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- [[MetaDAO]] — futarchy governance infrastructure
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- Related to code monetization and x402 protocol integration
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- Implements on-chain code storage with x402 monetization protocol
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- Targets developer economy ($500B+ market) through "vampire attack" GitHub integration strategy
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@ -12,7 +12,7 @@ event_type: launch
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processed_by: rio
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processed_date: 2026-03-11
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extraction_model: "anthropic/claude-sonnet-4.5"
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extraction_notes: "This source is a Futardio launch page for Git3's fundraise. Primary extraction is entity data (new company Git3, new decision_market for the fundraise, timeline update for Futardio). No novel claims about futarchy mechanisms or market dynamics — this is a straightforward failed fundraise with standard project description. The 28% commitment ratio is a data point, not an arguable claim. No enrichments to existing claims warranted."
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extraction_notes: "Launch announcement for Git3 futarchy-governed fundraise. Primarily factual data about company, product roadmap, and fundraising mechanics. No novel claims about futarchy mechanisms or market dynamics beyond what's already captured in existing KB claims. The failed fundraise (28.3% of target) is significant as an entity event but doesn't generate new theoretical insights. Extracted as entity data (new company + decision_market) rather than claims."
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---
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## Launch Details
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@ -275,12 +275,11 @@ Future revenue streams include enterprise licensing, premium features, and custo
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## Key Facts
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- Git3 fundraise launched 2026-03-05 on Futardio
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- Funding target: $100,000
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- Total committed: $28,266 (28% of target)
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- Status: Refunding
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- Token: 6VT
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- Monthly burn estimate: $8,000
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- MVP live at git3.io
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- Built on Irys blockchain for permanent storage
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- GitHub Actions integration for seamless deployment
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- Git3 fundraise launched 2026-03-05 targeting $100,000
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- Git3 raised $28,266 (28.3% of target) before refunding
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- Git3 MVP live at git3.io with GitHub Actions integration
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- Git3 monthly burn estimate: $8,000 ($5K team, $2K infrastructure, $1K marketing)
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- Git3 stores repositories on Irys blockchain as NFTs
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- Git3 implements x402 protocol for code monetization
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- Git3 token: 6VT (mint: 6VTMeDtrtimh2988dhfYi2rMEDVdYzuHoSgERUmdmeta)
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- Irys blockchain specs: 100K+ TPS, 1ms latency
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