---
type: entity
entity_type: company
name: MycoRealms
domain: internet-finance
status: failed
founded: 2025
platform: futardio
key_metrics:
  raise_target: "$200,000"
  total_committed: "$158,067"
  raise_outcome: "REFUNDING"
  token_supply: "15.9M max (12.9M circulating at launch)"
  team_allocation: "3M tokens (18.9%) with performance-only vesting"
  monthly_allowance: "$10,000"
tracked_by: rio
created: 2026-03-11
---

# MycoRealms

MycoRealms attempted to build the first futarchy-governed agricultural operation — a climate-controlled button mushroom production facility with all major capital expenditures governed through MetaDAO's futarchy system. The project raised $158,067 toward a $200,000 target before entering REFUNDING status after failing to reach the target in the 24-hour raise window.

The governance structure separated operational control from capital deployment: the team operated on a fixed $10,000 monthly allowance while any expenditure beyond that threshold required futarchy proposal approval. The first post-raise proposal would have been a $50,000 CAPEX withdrawal for infrastructure construction (accommodation, 3 growing rooms with automated climate control, DG set).

Team allocation used performance-only vesting: 3M tokens (18.9% of supply) locked at launch with five tranches unlocking at 2x, 4x, 8x, 16x, and 32x the ICO price, evaluated via 3-month TWAP with an 18-month minimum cliff.

## Timeline

- **2025** — Team preparation: internship at ICAR-DMR Solan (India's national mushroom research institute), hands-on work in commercial farms, market research, vendor quotations, verbal commitments from 15+ wholesalers
- **2026-03-03** — Futardio launch: $200K raise target, 24-hour window
- **2026-03-04** — Raise closed in REFUNDING status after reaching $158,067 (79% of target)

## Team

- **crypticmeta** — Freelance blockchain developer on Solana and Bitcoin since 2018. Previously built and scaled OrdinalNovus (CBRC token exchange on Bitcoin Ordinals, $30M trading volume)
- **Ram** — 5+ years in commercial mushroom production, managed operations across 5-6 growing units, handled end-to-end production and wholesale distribution across 5 states

## Relationship to KB

First documented attempt to apply futarchy governance to physical infrastructure with measurable operational variables (temperature, humidity, CO2, yield). Demonstrates both the potential and challenges of extending [[MetaDAO]] governance mechanisms beyond purely digital protocols to agricultural operations requiring transparent operational reporting and capital deployment oversight.

- [[myco-realms-demonstrates-futarchy-governed-physical-infrastructure-through-125k-mushroom-farm-raise-with-market-controlled-capex-deployment]]
- [[performance-unlocked-team-tokens-with-price-multiple-triggers-and-twap-settlement-create-long-term-alignment-without-initial-dilution]]
- [[futardio]]