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/futardio.md

@@ -46,7 +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-futardio-fundraise]] launched seeking $250K for artist-first streaming platform, failed with only 11% subscription and refunded backers within 24 hours
+- **2026-03-03** — [[open-music]] launched $250K fundraise, closed next day with only $27,533 (11% of target), entered REFUNDING status
 ## 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-futardio-fundraise.md

@@ -1,7 +0,0 @@
----
-type: claim
-...
-
-In the context of futarchy-governed liquidation, the enforcement mechanism ensures that ICOs are unruggable by allowing investors to force a full treasury return if teams materially misrepresent their projects. <!-- claim pending -->
-
-...complete fixed file content with trailing newline...

entities/internet-finance/open-music.md

@@ -1,39 +1,31 @@
 ---
 type: entity
 entity_type: company
-name: "Open Music"
+name: Open Music
 domain: internet-finance
 status: failed
+website: https://openmusic.art
+twitter: https://x.com/openmusic_art
 founded: 2025
-platform: "Solana"
-website: "https://openmusic.art"
-twitter: "https://x.com/openmusic_art"
-tracked_by: rio
-created: 2026-03-11
 key_metrics:
   raise_target: "$250,000"
-  total_committed: "$27,533"
-  raise_status: "refunding"
-  launch_date: "2026-03-03"
-  close_date: "2026-03-04"
-  oversubscription_ratio: 0.11
-  platform_fee: "10%"
+  raise_actual: "$27,533"
+  raise_platform: "Futardio"
+  team_size: 2
   monthly_burn: "$25,000"
-  planned_runway: "10 months"
+tracked_by: rio
+created: 2026-03-11
 ---
 
 # Open Music
 
-Artist-first music streaming platform built on Solana that replaces Spotify's pro-rata pool model with direct listener-to-artist payments. Raised through [[futardio]] futarchy-governed launch but failed to meet funding target and refunded backers.
-
-## Overview
-
-Open Music proposed a streaming model where each subscriber's payment goes only to artists they personally listened to that month, rather than being pooled globally. Platform takes 10% versus Spotify's ~30%, with payouts in USD wallet + USDC. Featured AI-powered sonic similarity discovery to replace label-budget-driven promotion. Two full-stack developers with plans to hire a third.
+Artist-first streaming platform on Solana that attempted to replace Spotify's pro-rata pool model with direct subscriber-to-artist payments. Launched fundraise on Futardio (MetaDAO's futarchy launchpad) on 2026-03-03, targeting $250K but reaching only $27,533 (11%) before entering REFUNDING status.
 
 ## Timeline
-- **2026-03-03** — [[open-music-futardio-fundraise]] launched on Futardio seeking $250K
-- **2026-03-04** — Fundraise closed with $27,533 committed (11% of target), status: refunding
+- **2026-03-03** — Launched $250K fundraise on Futardio for artist-first streaming platform
+- **2026-03-04** — Fundraise closed in REFUNDING status with $27,533 raised (11% of target)
 
 ## Relationship to KB
-- [[futardio]] — launch platform
-- Example of futarchy-governed fundraise that failed to meet market validation threshold
+- [[MetaDAO is the futarchy launchpad on Solana where projects raise capital through unruggable ICOs governed by conditional markets creating the first platform for ownership coins at scale]] — failed launch case study
+- [[futarchy-governed-meme-coins-attract-speculative-capital-at-scale]] — counter-evidence (utility project failed to attract capital)
+- [[futardio]] — platform used for fundraise

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

@@ -11,8 +11,9 @@ tags: [futardio, metadao, futarchy, solana]
 event_type: launch
 processed_by: rio
 processed_date: 2026-03-11
+enrichments_applied: ["MetaDAO is the futarchy launchpad on Solana where projects raise capital through unruggable ICOs governed by conditional markets creating the first platform for ownership coins at scale.md", "futarchy-governed-meme-coins-attract-speculative-capital-at-scale.md"]
 extraction_model: "anthropic/claude-sonnet-4.5"
-extraction_notes: "Factual launch data for failed futarchy-governed fundraise. No novel claims about mechanisms or market dynamics beyond what's already captured in existing KB claims about futarchy-governed fundraising and liquidation. The failure itself is a data point (entity/timeline) rather than a claim. Pitch contained standard startup rhetoric about disrupting Spotify but no evidence of traction beyond 'MVP is live' — insufficient for extractable claims about music streaming economics or platform viability."
+extraction_notes: "Failed Futardio launch. No novel claims about futarchy mechanisms — standard pitch deck for artist-first streaming. Primary value is as counter-evidence to meme coin thesis and data point on futarchy platform performance with utility projects. Entity created for Open Music (failed company), timeline entry added to Futardio. Launch closed within 24 hours at 11% of target, demonstrating futarchy platforms can enforce funding thresholds."
 ---
 
 ## Launch Details
@@ -188,9 +189,10 @@ AI discovery, and audience ownership in a single platform.
 
 
 ## Key Facts
-- Open Music raised $27,533 of $250,000 target (11% subscription) on Futardio (2026-03-03)
-- Open Music fundraise closed and refunded within 24 hours (2026-03-04)
-- Open Music proposed 10% platform fee versus Spotify's ~30%
-- Open Music claimed 100 fans would pay artists ~$128/month versus ~$9/month on Spotify
-- Open Music team: 2 full-stack developers, planned to hire third with raise funds
-- Open Music monthly burn planned at ~$25,000 for 10-month runway
+- Open Music targeted $250,000 raise on Futardio (2026-03-03)
+- Open Music raised $27,533 total (11% of target) before REFUNDING
+- Open Music proposed 10% platform cut vs Spotify's ~30%
+- Open Music team: 2 full-stack developers, planning to hire 1 more
+- Open Music monthly burn: $25K (72% engineering, 16% infrastructure, 8% growth, 4% legal/ops)
+- Spotify average artist payout: $0.003 per stream
+- Open Music claimed 100 fans would pay artist ~$128/month vs Spotify's ~$9/month