---
type: entity
entity_type: decision_market
name: "Send Arcade: Futardio Fundraise"
domain: internet-finance
status: failed
parent_entity: "[[send-arcade]]"
platform: "futardio"
proposal_url: "https://www.futard.io/launch/ActRESLUCdMzU4BnEE5VtMM2JG5ghZuKWkjXfiB5GdS7"
proposal_date: 2026-03-04
resolution_date: 2026-03-05
category: "fundraise"
summary: "Send Arcade attempted to raise $288k for 11 months runway to build real-money casual gaming arcade on Solana"
key_metrics:
  raise_target: "$288,000"
  total_committed: "$114,933"
  oversubscription_ratio: 0.399
  monthly_budget: "$20,000"
  target_runway: "11 months"
  performance_package: "10%"
  token: "$ARCADE"
  launch_address: "ActRESLUCdMzU4BnEE5VtMM2JG5ghZuKWkjXfiB5GdS7"
  token_mint: "AaEYgXdHpzS9bBgAvDriVMvKDQUnqtVYAtLZJGjometa"
  autocrat_version: "v0.7"
tracked_by: rio
created: 2026-03-11
---

# Send Arcade: Futardio Fundraise

## Summary
Send Arcade launched a futarchy-governed fundraise on Futardio seeking $288,000 to support 11 months of operations for their real-money casual gaming arcade on Solana. The raise attracted $114,933 in commitments (39.9% of target) before entering refunding status. The project positioned itself as "the first casino operated by futarchy" with fully on-chain games, zero backend, and agent-friendly PvP architecture.

## Market Data
- **Outcome:** Failed (Refunding)
- **Raise Target:** $288,000
- **Total Committed:** $114,933 (39.9%)
- **Launch Date:** 2026-03-04
- **Close Date:** 2026-03-05
- **Monthly Budget:** $20,000
- **Target Runway:** 11 months
- **Performance Package:** 10%

## Project Background
Send Arcade originally launched 1.5 years ago under the Send Ecosystem ($SEND token) and built 10+ games with 9M+ on-chain plays and $200k+ ARR. After the Send token was sunset in January 2026, the team became independent and sought new funding to scale operations.

## Value Proposition
- **Zero backend:** Games fetch state directly from smart contracts
- **Fully on-chain:** Verifiable outcomes, instant settlement
- **Agent-friendly:** PvP revenue model where agents can autonomously play and earn
- **90% lower operating costs** vs traditional gaming studios
- **Casino ownership model:** $ARCADE token as casino chip where house always wins and holders capture revenue

## Planned Use of Funds
- Launch Season 1 of flagship game FuseMeDaddy on Seeker and Play Solana Console
- Roll out game modes, maps, characters, skins
- Release on App Store and Play Store
- Polish and release Arcade app with 6+ minigames
- Revive old titles like Lana Roads
- Build additional casino-arcade style games

## Team Achievements
- 2x Blinkathon winner
- Solana AI Hackathon winner
- Realtime Hackathon winner
- 5th in Breakout Gaming main track
- Winner at Radar Gaming side track
- Helius Startup Launchpad Cohort 1
- 20k+ plays across 3k+ unique users on Farcaster
- Games preinstalled on Play Solana gaming console
- 2 games published on Solana Dapp Store

## Significance
This fundraise represents an attempt to apply futarchy governance to a consumer gaming product with existing traction. The failure to reach minimum raise despite $115k in commitments demonstrates the capital formation challenges for consumer-facing crypto applications, even with strong technical credentials and prior traction. The 39.9% fill rate suggests market skepticism about either the gaming model, the team's ability to execute post-Send-token-sunset, or the $288k valuation.

## Relationship to KB
- [[futardio]] — fundraising platform
- [[send-arcade]] — parent entity
- [[MetaDAO]] — underlying futarchy infrastructure
- Related to [[futarchy-governed-meme-coins-attract-speculative-capital-at-scale]]
- Related to [[internet-capital-markets-compress-fundraising-timelines]]
- Demonstrates challenges in [[cryptos primary use case is capital formation not payments or store of value because permissionless token issuance solves the fundraising bottleneck that solo founders and small teams face]]