---
type: entity
entity_type: company
name: "Open Music"
domain: internet-finance
status: refunding
tracked_by: rio
created: 2026-03-11
key_metrics:
  raise_target: "$250,000"
  total_committed: "$27,533"
  oversubscription_ratio: 0.11
  launch_date: "2026-03-03"
  close_date: "2026-03-04"
  platform: "Futardio"
  outcome: "refunding"
links:
  website: "https://openmusic.art"
  twitter: "https://x.com/openmusic_art"
  futardio_launch: "https://www.futard.io/launch/4R1peXdUehAS1aWCdnrBfLRevGktsKH2euvBLdsYXbWu"
---

# Open Music

Artist-first music streaming platform built on Solana that replaces Spotify's pro-rata pool model with direct fan-to-artist payments. Subscribers' payments go only to artists they personally listened to that month, with a 10% platform cut versus Spotify's ~30%. The platform features AI-powered sonic discovery, artist audience ownership, and USDC payouts.

## Timeline
- **2026-03-03** — Launched Futardio fundraise targeting $250K for 10-month runway; 72% allocated to engineering (2 devs + 1 hire), 16% to infrastructure
- **2026-03-04** — Fundraise closed in refunding status with $27,533 committed (11% of target)

## Relationship to KB
- [[futardio]] — launch platform
- [[MetaDAO]] — futarchy infrastructure provider
- Demonstrates artist-first streaming economics: 100 fans would pay ~$128/month vs ~$9/month on Spotify under direct model