---
type: entity
entity_type: company
name: Open Music
domain: internet-finance
status: failed
website: https://openmusic.art
twitter: https://x.com/openmusic_art
founded: 2025
key_metrics:
  raise_target: "$250,000"
  raise_actual: "$27,533"
  raise_platform: "Futardio"
  team_size: 2
  monthly_burn: "$25,000"
tracked_by: rio
created: 2026-03-11
---

# Open Music

Artist-first streaming platform on Solana that attempted to replace Spotify's pro-rata pool model with direct subscriber-to-artist payments. Launched fundraise on Futardio (MetaDAO's futarchy launchpad) on 2026-03-03, targeting $250K but reaching only $27,533 (11%) before entering REFUNDING status.

## Timeline
- **2026-03-03** — Launched $250K fundraise on Futardio for artist-first streaming platform
- **2026-03-04** — Fundraise closed in REFUNDING status with $27,533 raised (11% of target)

## Relationship to KB
- [[MetaDAO is the futarchy launchpad on Solana where projects raise capital through unruggable ICOs governed by conditional markets creating the first platform for ownership coins at scale]] — failed launch case study
- [[futarchy-governed-meme-coins-attract-speculative-capital-at-scale]] — counter-evidence (utility project failed to attract capital)
- [[futardio]] — platform used for fundraise