---
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
key_metrics:
  raise_target: "$250,000"
  total_committed: "$27,533"
  oversubscription_ratio: 0.11
  monthly_burn: "$25,000"
  projected_runway: "10 months"
tracked_by: rio
created: 2026-03-11
---

# Open Music

Artist-first music streaming platform on Solana that replaces Spotify's pro-rata pool model with direct listener-to-artist payments. Attempted futarchy-governed fundraise on Futardio that failed to reach minimum threshold.

## Overview

Open Music built a direct payment streaming model where each subscriber's payment goes only to artists they personally listened to that month, rather than being pooled globally. The platform claimed this would pay artists ~$128/month per 100 fans versus Spotify's ~$9/month. Had live MVP at openmusic.art with artist upload and payment functionality. Raised only 11% of $250K target through Futardio launch before entering refund status.

## Timeline
- **2025-Q4** — MVP launched at openmusic.art with artist upload and USDC payout functionality
- **2026-03-03** — Futardio fundraise launched targeting $250K for 10-month runway
- **2026-03-04** — Fundraise closed in REFUNDING status with $27,533 committed (11% of target)

## Relationship to KB
- [[futardio]] — fundraising platform
- [[futarchy-variance-creates-portfolio-problem-because-mechanism-selects-both-top-performers-and-worst-performers-simultaneously]] — exemplifies downside variance
- Contrasts with [[futardio-cult-raised-11-4-million-in-one-day-through-futarchy-governed-meme-coin-launch]] as failed launch on same platform