---
type: entity
entity_type: company
name: "Open Music"
domain: internet-finance
status: failed
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"
  oversubscription_ratio: 0.11
---

# Open Music

Artist-first music streaming platform built on Solana that replaces Spotify's pro-rata pool model with direct fan-to-artist payments. Raised through Futardio futarchy-governed launch but failed to reach funding target.

## Timeline
- **2026-03-03** — [[open-music-futardio-launch]] launched on Futardio seeking $250K for artist-first streaming platform
- **2026-03-04** — Fundraise closed at $27,533 (11% of target), entered refunding status

## Relationship to KB
- [[futardio]] — fundraising platform
- [[MetaDAO]] — futarchy infrastructure provider
- Example of futarchy-governed launch that failed to reach minimum viable funding