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4 changed files with 31 additions and 44 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: $100K target for on-chain Git infrastructure, closed 2026-03-06 with $28,266 (28.3%), status refunding
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- **2026-03-05** — [[git3-futardio-fundraise]] launched: Git3 attempted $100K raise for on-chain Git infrastructure, raised $28,266 (28.3%) before refunding
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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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@ -10,13 +10,11 @@ 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 raised $28,266 of $100K target (28.3%) for on-chain Git infrastructure 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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oversubscription_ratio: 0.283
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token: "6VT"
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token_mint: "6VTMeDtrtimh2988dhfYi2rMEDVdYzuHoSgERUmdmeta"
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summary: "Git3 attempted to raise $100,000 for on-chain Git infrastructure development through Futardio"
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funding_target: "$100,000"
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total_committed: "$28,266"
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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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@ -24,30 +22,26 @@ created: 2026-03-11
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# Git3: Futardio Fundraise
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## Summary
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Git3 launched a $100K fundraise on Futardio to fund 12-13 months of development for on-chain Git infrastructure. The project proposed bringing Git repositories on-chain via Irys blockchain with GitHub Actions integration, repository NFTs, and x402 protocol monetization. The raise closed after one day with $28,266 committed (28.3% of target) and entered refunding status.
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Git3 launched a futarchy-governed fundraise on Futardio targeting $100,000 to fund 12-13 months of development for on-chain Git infrastructure. The raise attracted $28,266 in commitments (28.3% of target) before entering refunding status, indicating insufficient market confidence in the project's value proposition or execution risk.
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## Market Data
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- **Outcome:** Failed (refunding)
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- **Platform:** Futardio v0.7
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- **Funding Target:** $100,000
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- **Total Committed:** $28,266 (28.3%)
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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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- **Target:** $100,000
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- **Raised:** $28,266 (28.3%)
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- **Token:** 6VT
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- **Monthly Burn:** ~$8,000 (team $5K, infrastructure $2K, marketing $1K)
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- **Duration:** 1 day (2026-03-05 to 2026-03-06)
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## Significance
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This represents a failed capital formation attempt for infrastructure-layer blockchain tooling. The 28% fill rate suggests either:
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1. Market skepticism about developer adoption of on-chain Git storage
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2. Concerns about the x402 monetization model viability
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3. Competitive positioning against centralized alternatives (GitHub)
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4. Team execution risk given early MVP stage
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This fundraise represents an early test of futarchy-governed capital formation for developer infrastructure. The 28.3% fill rate suggests either insufficient market validation for the Code as Asset thesis, timing issues, or platform liquidity constraints. The one-day duration before closure indicates rapid market consensus on viability.
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The proposal's emphasis on "vampire attack" strategy (GitHub Actions integration without workflow disruption) and x402 protocol monetization aligns with Living Capital's thesis on permissionless capital formation, but market response suggests skepticism about execution risk or market timing.
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The rapid closure (1 day) indicates the team or platform recognized insufficient momentum early rather than letting the raise languish.
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## Relationship to KB
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- [[git3]] — parent entity
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- [[futardio]] — fundraising platform
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- [[MetaDAO]] — futarchy infrastructure provider
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- Related to [[cryptos primary use case is capital formation not payments or store of value because permissionless token issuance solves the fundraising bottleneck that solo founders and small teams face]]
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- Related to [[internet capital markets compress fundraising from months to days because permissionless raises eliminate gatekeepers while futarchy replaces due diligence bottlenecks with real-time market pricing]]
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- Tests market appetite for Code as an Asset (CAA) infrastructure
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@ -8,30 +8,24 @@ founded: 2025
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website: "https://git3.io"
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twitter: "https://x.com/TryGit3"
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telegram: "https://t.me/Git3io"
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key_people:
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- "Git3 team"
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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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status: "refunding"
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launch_date: "2026-03-05"
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platform: "Futardio"
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mvp_status: "live"
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blockchain: "Irys"
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protocol: "x402"
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tracked_by: rio
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created: 2026-03-11
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---
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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. Built on Irys blockchain, Git3 stores complete Git history as on-chain NFTs with seamless GitHub Actions integration.
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Git3 is infrastructure that brings Git repositories on-chain, enabling permanent code storage, censorship resistance, and monetization through the x402 protocol. Each repository is stored as an NFT on the Irys blockchain with complete Git history preservation.
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## Timeline
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- **2025-Q1** — MVP launched at git3.io with terminal interface, GitHub OAuth, and Irys blockchain integration
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- **2026-03-05** — Futardio fundraise launched targeting $100K for 12-13 month runway
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- **2026-03-06** — Fundraise closed with $28,266 committed (28.3% of target), status: refunding
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- **2025-Q1** — MVP launched at git3.io with terminal interface for repository import and GitHub OAuth integration
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- **2026-03-05** — Futardio fundraise launched targeting $100,000 for 12-13 month runway; raised $28,266 before refunding
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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 as Asset (CAA) thesis and x402 protocol monetization
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- Implements on-chain code storage with x402 monetization protocol
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- Targets $500B+ developer economy with Code as an Asset (CAA) model
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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: "Factual launch data for Git3 fundraise on Futardio. No novel claims extracted — the source is primarily a pitch deck with standard startup positioning (vampire attack strategy, Code as Asset thesis, x402 monetization). The 28.3% fill rate is a data point, not a claim. Entity files created for Git3 company and the fundraise decision market. No enrichments to existing claims as this is a new project with no prior KB coverage."
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extraction_notes: "Source is a Futardio launch page for Git3 fundraise. Contains detailed project description, roadmap, and team information but represents a failed capital formation attempt. No novel claims about futarchy mechanisms or market dynamics—this is primarily factual data about a specific fundraise outcome. The 28% fill rate and rapid closure are data points, not arguable propositions. Created entity pages for Git3 (company) and the fundraise (decision_market), plus timeline update to Futardio parent entity."
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---
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## Launch Details
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@ -276,9 +276,8 @@ Future revenue streams include enterprise licensing, premium features, and custo
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## Key Facts
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- Git3 MVP live at git3.io with GitHub OAuth and Irys blockchain integration
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- Git3 fundraise target: $100K for 12-13 month runway
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- Git3 fundraise result: $28,266 committed (28.3% of target)
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- Git3 monthly burn rate: ~$8K (team $5K, infrastructure $2K, marketing $1K)
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- Git3 built on Irys blockchain with 100K+ TPS, 1ms latency
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- Git3 fundraise targeted $100,000 for 12-13 month runway (~$8,000/month burn)
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- Git3 raised $28,266 (28.3% of target) before entering refunding status
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- Git3 uses Irys blockchain for storage with x402 protocol for monetization
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- Git3 token: 6VT (mint: 6VTMeDtrtimh2988dhfYi2rMEDVdYzuHoSgERUmdmeta)
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- Git3 fundraise closed 2026-03-06 in refunding status
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- Fundraise duration: 1 day (2026-03-05 to 2026-03-06)
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