---
type: entity
entity_type: company
name: MycoRealms
domain: internet-finance
status: failed
founded: 2025
website: https://mycorealms.com
platform: futardio
governance_model: futarchy
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 unlock at 2x/4x/8x/16x/32x ICO price"
  monthly_allowance: "$10,000"
tracked_by: rio
created: 2026-03-11
---

# MycoRealms

MycoRealms was the first futarchy-governed agricultural infrastructure project, attempting to raise $200,000 to build a climate-controlled mushroom production facility governed entirely through MetaDAO's futarchy system. The project eliminated direct treasury access for the team, providing a $10,000 monthly allowance with all major CAPEX requiring market approval through conditional token markets.

The raise achieved $158,067 in commitments but entered refunding status after failing to reach the $200,000 target within the 24-hour launch window. Despite the failed raise, the project demonstrated a viable mechanism design for futarchy governance of physical infrastructure with transparent operations ledgers.

## 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, secured preliminary farm location
- **2026-03-03** — Futardio launch: raised $158,067 toward $200,000 target for futarchy-governed mushroom farm with market-controlled CAPEX deployment and transparent operations ledger via Arweave
- **2026-03-04** — Raise closed in refunding status after failing to reach target in 24-hour window

## Relationship to KB

MycoRealms represents the first application of [[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]] to physical agricultural infrastructure. The project tested whether [[futarchy-based fundraising creates regulatory separation because there are no beneficial owners and investment decisions emerge from market forces not centralized control]] could extend from digital assets to real-world production facilities.

The team allocation structure with performance-based unlocks at 2x/4x/8x/16x/32x ICO price demonstrates [[performance-unlocked-team-tokens-with-price-multiple-triggers-and-twap-settlement-create-long-term-alignment-without-initial-dilution]].