005d83591f
- Source: inbox/archive/2026-03-05-futardio-launch-git3.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 4) Pentagon-Agent: Rio <HEADLESS>
71 lines
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2.6 KiB
Markdown
71 lines
No EOL
2.6 KiB
Markdown
---
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type: entity
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entity_type: decision_market
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name: "Git3: Futardio Fundraise"
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domain: internet-finance
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status: failed
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parent_entity: "[[git3]]"
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platform: "futardio"
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proposal_url: "https://www.futard.io/launch/HKRDmghovXSCMobiRCZ7BBdHopEizyKmnhJKywjk3vUa"
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proposal_date: 2026-03-05
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resolution_date: 2026-03-06
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category: "fundraise"
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summary: "Git3 attempted to raise $100K for on-chain Git infrastructure through Futardio but reached only $28,266 before refunding"
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key_metrics:
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funding_target: "$100,000"
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total_committed: "$28,266"
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commitment_ratio: 0.28
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tracked_by: rio
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created: 2026-03-11
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---
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# Git3: Futardio Fundraise
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## Summary
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Git3 launched a futarchy-governed fundraise on Futardio targeting $100,000 to build on-chain Git infrastructure with permanent storage on Irys blockchain, repository NFTs, and x402 protocol monetization. The raise attracted $28,266 in commitments (28% of target) before entering refunding status.
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## Market Data
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- **Outcome:** Failed (refunding)
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- **Funding Target:** $100,000
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- **Total Committed:** $28,266
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- **Commitment Ratio:** 28%
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- **Launch Date:** 2026-03-05
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- **Close Date:** 2026-03-06
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- **Token:** 6VT
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- **Token Mint:** 6VTMeDtrtimh2988dhfYi2rMEDVdYzuHoSgERUmdmeta
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## Project Details
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Git3 proposed bringing Git repositories on-chain with:
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- Permanent storage on Irys blockchain
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- Repository-as-NFT ownership model
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- x402 protocol for code monetization
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- GitHub Actions integration for seamless deployment
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- AI agent interoperability through decentralized MCP
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- MVP already live at git3.io
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**Planned Use of Funds:**
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- Team: ~$5,000/month
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- Infrastructure: ~$2,000/month
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- Marketing & Ecosystem: ~$1,000/month
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- Total burn: ~$8,000/month
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- Target runway: 12-13 months
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**Roadmap:**
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- Phase 1 (Current): Core infrastructure with GitHub integration
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- Phase 2 (Q2-Q3 2025): NFT marketplace and x402 integration
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- Phase 3 (Q4 2025): Ecosystem expansion and $GIT3 token
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## Significance
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This fundraise demonstrates the challenge of raising capital for infrastructure projects through futarchy markets, even with working MVP and clear technical roadmap. The 28% commitment ratio suggests either insufficient market validation, unclear value proposition, or limited awareness within the Futardio ecosystem.
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The project's "vampire attack" strategy of extending GitHub rather than replacing it represents a pragmatic go-to-market approach, but the failed raise indicates this positioning may not have resonated with futarchy market participants.
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## Relationship to KB
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- [[git3]] — parent entity
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- [[futardio]] — fundraising platform
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- [[MetaDAO]] — futarchy infrastructure provider |