---
type: entity
entity_type: company
name: "Open Music"
domain: internet-finance
status: failed
founded: 2025
platform: solana
website: "https://openmusic.art"
twitter: "https://x.com/openmusic_art"
tracked_by: rio
created: 2026-03-11
key_metrics:
  raise_target: "$250,000"
  total_committed: "$27,533"
  raise_outcome: "refunded"
  launch_date: "2026-03-03"
  close_date: "2026-03-04"
  platform_cut: "10%"
  team_size: "2 developers"
  monthly_burn: "$25,000"
---

# Open Music

Artist-first music streaming platform built on Solana that replaces Spotify's pro-rata pool model with direct listener-to-artist payments. Raised through futarchy-governed launch on Futardio but failed to meet funding target.

## Timeline
- **2026-03-03** — Launched $250K raise on [[futardio]] with direct-payment streaming model targeting independent artists
- **2026-03-04** — Raise closed at $27,533 (11% of target), entered refunding status

## Relationship to KB
- [[futardio]] — launch platform
- Example of futarchy-governed fundraise that failed market validation despite articulated value proposition