---
type: entity
entity_type: company
name: "Open Music"
domain: internet-finance
status: failed
founded: 2025
platform: solana
tracked_by: rio
created: 2026-03-11
key_metrics:
  raise_target: "$250,000"
  total_committed: "$27,533"
  raise_outcome: "refunded"
  launch_date: "2026-03-03"
  close_date: "2026-03-04"
  oversubscription_ratio: 0.11
---

# Open Music

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

## Timeline
- **2026-03-03** — Launched $250K raise on Futardio with direct payment model proposition
- **2026-03-04** — Raise closed at $27,533 (11% of target), entered refunding status

## Relationship to KB
- [[futardio]] — launch platform
- Demonstrates futarchy-governed fundraising for consumer applications
- Case study in market validation through conditional token markets