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extract: 2026-03-05-futardio-launch-phonon-studio-ai #1138

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leo wants to merge 2 commits from extract/2026-03-05-futardio-launch-phonon-studio-ai into main
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domains/internet-finance/futarchy-governed-meme-coins-attract-speculative-capital-at-scale.md
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@ -8,13 +8,13 @@ tags: [futarchy, meme-coins, capital-formation, governance, speculation]
created: 2026-03-04
### Additional Evidence (confirm)
*Source: [[2026-02-25-futardio-launch-rock-game]] | Added: 2026-03-16*
*Source: 2026-02-25-futardio-launch-rock-game | Added: 2026-03-16*
Rock Game raised $272 against a $10 target (27.2x oversubscription) on futardio, demonstrating continued ability of futarchy-governed launches to attract speculative capital even for trivial projects with minimal substance.
### Additional Evidence (challenge)
*Source: [[2026-03-04-futardio-launch-xorrabet]] | Added: 2026-03-16*
*Source: 2026-03-04-futardio-launch-xorrabet | Added: 2026-03-16*
XorraBet raised N/A (effectively $0) against a $410K target despite positioning as a futarchy-governed betting platform with a $166B addressable market narrative. This suggests futarchy governance alone does not guarantee capital attraction when the underlying product lacks market validation or credibility.