---
type: entity
entity_type: decision_market
name: "Git3: Futardio Fundraise"
domain: internet-finance
status: failed
parent_entity: "[[git3]]"
platform: "futardio"
proposal_url: "https://www.futard.io/launch/HKRDmghovXSCMobiRCZ7BBdHopEizyKmnhJKywjk3vUa"
proposal_date: 2026-03-05
resolution_date: 2026-03-06
category: "fundraise"
summary: "Git3 attempted to raise $100,000 for on-chain Git infrastructure development through Futardio"
funding_target: "$100,000"
total_committed: "$28,266"
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 fund 12-13 months of development for on-chain Git infrastructure. The raise attracted $28,266 in commitments (28.3% of target) before entering refunding status, indicating insufficient market confidence in the project's value proposition or execution risk.

## Market Data
- **Outcome:** Failed (Refunding)
- **Target:** $100,000
- **Raised:** $28,266 (28.3%)
- **Token:** 6VT
- **Duration:** 1 day (2026-03-05 to 2026-03-06)

## Significance
This represents a failed capital formation attempt for infrastructure-layer blockchain tooling. The 28% fill rate suggests either:
1. Market skepticism about developer adoption of on-chain Git storage
2. Concerns about the x402 monetization model viability
3. Competitive positioning against centralized alternatives (GitHub)
4. Team execution risk given early MVP stage

The rapid closure (1 day) indicates the team or platform recognized insufficient momentum early rather than letting the raise languish.

## Relationship to KB
- [[git3]] — parent entity
- [[futardio]] — fundraising platform
- [[MetaDAO]] — futarchy infrastructure provider
- Tests market appetite for Code as an Asset (CAA) infrastructure