---
type: decision
entity_type: decision_market
name: "Git3: Futardio Fundraise"
domain: internet-finance
status: failed
parent_entity: "[[git3]]"
platform: "futardio"
proposal_url: "https://v1.metadao.fi/git3/trade/HKRDmghovXSCMobiRCZ7BBdHopEizyKmnhJKywjk3vUa"
proposal_date: 2026-03-05
resolution_date: 2026-03-06
category: "fundraise"
summary: "Git3 attempted to raise $100K through futarchy-governed launch for on-chain Git infrastructure"
key_metrics:
  funding_target: "$100,000"
  total_committed: "$28,266"
  outcome: "refunding"
  token: "6VT"
  token_mint: "6VTMeDtrtimh2988dhfYi2rMEDVdYzuHoSgERUmdmeta"
tracked_by: rio
created: 2026-03-11
---

# Git3: Futardio Fundraise

## Summary

Git3 launched a futarchy-governed fundraise on Futardio targeting $100,000 to build on-chain Git infrastructure with permanent storage on Irys blockchain. The project proposed bringing Git repositories on-chain as NFTs with x402 monetization, GitHub Actions integration, and AI agent interoperability. The raise achieved 28.3% of target ($28,266 committed) before entering refunding status after one day.

## Market Data

- **Outcome:** Failed (Refunding)
- **Funding Target:** $100,000
- **Total Committed:** $28,266 (28.3% of target)
- **Launch Date:** 2026-03-05
- **Closed:** 2026-03-06
- **Token:** 6VT
- **Platform:** Futardio v0.7

## Significance

This represents a failed futarchy-governed fundraise for developer infrastructure, demonstrating that not all technically sound projects achieve funding targets through prediction markets. The 28.3% fill rate suggests either insufficient market validation of the code-as-asset thesis, limited awareness of the launch, or skepticism about the team's ability to execute the ambitious roadmap (12-month runway, three development phases, enterprise features).

The refunding outcome is notable because Git3 had a live MVP, clear technical architecture, and alignment with broader trends (on-chain code storage, AI agent infrastructure, x402 protocol). The failure suggests futarchy markets can filter projects even when fundamentals appear strong, potentially due to go-to-market concerns, competitive positioning (GitHub's dominance), or team credibility questions.

## Relationship to KB

- [[git3]] — parent entity
- [[futardio]] — fundraising platform
- [[MetaDAO]] — futarchy infrastructure provider
- Demonstrates futarchy-governed fundraise failure despite live MVP and technical merit

## Full Proposal Text

*Source: futard.io, launched 2026-03-05*

Git3: Bringing Git on-chain for true ownership and x402 monetization, backed by Irys Chain.

**Core Features:** Git repositories stored on-chain as NFTs on Irys blockchain. Code ownership, censorship resistance, monetization through x402 protocol. GitHub Actions integration for seamless workflow. Agent interoperability via MCP.

**Raise:** Target $100,000. Total committed: $28,266 (28.3%). Status: Refunding. Closed 2026-03-06.

**Revenue Model:** Creator fees on NFT sales, protocol fees on x402 transactions, agent royalties. Monthly burn: ~$8,000. MVP live at git3.io.

**Roadmap:** Phase 1 (core infrastructure & GitHub integration), Phase 2 (NFT marketplace & x402 integration), Phase 3 (ecosystem expansion & $GIT3 token).