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4 changed files with 34 additions and 29 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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- **2026-03-07** — 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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- **2026-03-04** — [[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 refunding with $28,266 (28.3%)
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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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## Competitive Position
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- **Unique mechanism**: Only launch platform with futarchy-governed accountability and treasury return guarantees
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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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- **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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@ -10,14 +10,13 @@ proposal_url: "https://www.futard.io/launch/HKRDmghovXSCMobiRCZ7BBdHopEizyKmnhJK
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proposal_date: 2026-03-05
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proposal_date: 2026-03-05
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resolution_date: 2026-03-06
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resolution_date: 2026-03-06
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category: "fundraise"
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category: "fundraise"
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summary: "Git3 attempted to raise $100K for on-chain Git infrastructure through futarchy-governed launch"
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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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key_metrics:
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funding_target: "$100,000"
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funding_target: "$100,000"
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total_committed: "$28,266"
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total_committed: "$28,266"
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completion_rate: "28.3%"
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commitment_ratio: "28.3%"
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launch_token: "6VT"
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token: "6VT"
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token_mint: "6VTMeDtrtimh2988dhfYi2rMEDVdYzuHoSgERUmdmeta"
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token_mint: "6VTMeDtrtimh2988dhfYi2rMEDVdYzuHoSgERUmdmeta"
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launch_address: "HKRDmghovXSCMobiRCZ7BBdHopEizyKmnhJKywjk3vUa"
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tracked_by: rio
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tracked_by: rio
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created: 2026-03-11
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created: 2026-03-11
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---
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---
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@ -26,28 +25,30 @@ created: 2026-03-11
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## Summary
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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 closed in refunding status after one day with only 28.3% of target committed.
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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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## Market Data
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- **Outcome:** Failed (refunding)
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- **Outcome:** Failed (Refunding)
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- **Platform:** Futardio
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- **Target:** $100,000
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- **Target:** $100,000
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- **Committed:** $28,266 (28.3%)
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- **Committed:** $28,266 (28.3%)
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- **Duration:** 1 day (2026-03-05 to 2026-03-06)
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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:** 6VT
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## Significance
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## Significance
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This represents a test case for futarchy-governed fundraising in developer infrastructure. The low completion rate (28.3%) suggests either:
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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 value proposition
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1. Market skepticism about on-chain Git storage value proposition
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2. Insufficient liquidity/attention for developer tools on futarchy platforms
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2. Insufficient liquidity/awareness in early Futardio ecosystem
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3. Timing or execution issues in the launch
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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 had a complete technical roadmap (MVP live, 3-phase development plan) and clear revenue model (creator fees, protocol fees, agent royalties), but failed to attract sufficient capital commitment through the futarchy mechanism.
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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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## 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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- [[futardio]] — fundraising platform
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- [[MetaDAO]] — futarchy governance infrastructure
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- [[MetaDAO]] — underlying futarchy infrastructure
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- Relevant to [[futarchy-governed-permissionless-launches-require-brand-separation-to-manage-reputational-liability-because-failed-projects-on-a-curated-platform-damage-the-platforms-credibility]]
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- Tests futarchy-governed fundraising for developer tools market
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@ -7,12 +7,14 @@ status: active
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founded: 2025
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founded: 2025
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headquarters: "Unknown"
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headquarters: "Unknown"
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website: "https://git3.io"
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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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key_people:
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- "Unknown"
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- "Unknown"
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key_metrics:
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key_metrics:
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funding_target: "$100,000"
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funding_target: "$100,000"
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total_committed: "$28,266"
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total_committed: "$28,266"
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launch_status: "refunding"
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status: "refunding"
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monthly_burn: "$8,000"
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monthly_burn: "$8,000"
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runway_target: "12-13 months"
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runway_target: "12-13 months"
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tracked_by: rio
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tracked_by: rio
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@ -21,15 +23,16 @@ created: 2026-03-11
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# Git3
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# Git3
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Git3 is infrastructure that brings Git repositories on-chain through the 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 on-chain.
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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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## Timeline
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- **2026-03-05** — Launched futarchy-governed fundraise on Futardio targeting $100K for on-chain Git infrastructure
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- **2026-03-05** — [[git3-futardio-fundraise]] launched on Futardio targeting $100K, reached $28,266 before refunding
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- **2026-03-06** — Fundraise closed in refunding status with $28,266 committed (28.3% of target)
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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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## Relationship to KB
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- [[futardio]] — fundraising platform
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- [[futardio]] — fundraising platform
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- [[MetaDAO]] — futarchy governance infrastructure
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- [[MetaDAO]] — futarchy governance infrastructure
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- Git3 represents application of futarchy-governed fundraising to developer infrastructure, testing whether on-chain code storage attracts capital through prediction markets
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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_by: rio
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processed_date: 2026-03-11
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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_model: "anthropic/claude-sonnet-4.5"
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extraction_notes: "Factual launch data for Git3 futarchy-governed fundraise. No novel claims about futarchy mechanisms — the failure case is documented but doesn't generate new theoretical insights beyond existing claims about futarchy adoption friction and brand separation. Entity data captures the launch event and outcome for reference."
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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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## Launch Details
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## Launch Details
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@ -275,10 +275,11 @@ Future revenue streams include enterprise licensing, premium features, and custo
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## Key Facts
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## Key Facts
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- Git3 fundraise launched 2026-03-05 targeting $100K
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- Git3 fundraise launched 2026-03-05 targeting $100,000
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- Fundraise closed 2026-03-06 with $28,266 committed (28.3% of target)
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- Git3 raised $28,266 (28.3% of target) before refunding
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- Git3 MVP live at https://git3.io
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- Git3 MVP live at git3.io with GitHub Actions integration
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- Monthly burn estimate: $8K ($5K team, $2K infrastructure, $1K marketing)
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- Git3 monthly burn estimate: $8,000 ($5K team, $2K infrastructure, $1K marketing)
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- Revenue model: creator fees on NFT sales, protocol fees via x402, agent royalties
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- Git3 stores repositories on Irys blockchain as NFTs
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- Technical stack: Irys blockchain storage, GitHub Actions integration, Thirdweb wallet
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- Git3 implements x402 protocol for code monetization
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- Roadmap: Phase 1 (MVP complete), Phase 2 (NFT marketplace + x402, Q2-Q3 2025), Phase 3 (token + ecosystem, Q4 2025)
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- Git3 token: 6VT (mint: 6VTMeDtrtimh2988dhfYi2rMEDVdYzuHoSgERUmdmeta)
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- Irys blockchain specs: 100K+ TPS, 1ms latency
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