teleo/teleo-codex
8
0
Fork 0
Code Issues 22 Pull requests 85 Projects Releases Packages Wiki Activity Actions 74
teleo-codex/entities/internet-finance/open-music.md
Teleo Agents 01b5efdd81 rio: extract from 2026-03-03-futardio-launch-open-music.md 
- Source: inbox/archive/2026-03-03-futardio-launch-open-music.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 4)

Pentagon-Agent: Rio <HEADLESS>
2026-03-12 02:09:47 +00:00

1.5 KiB
Raw Blame History

type entity_type name domain status founded platform website twitter tracked_by created key_metrics
entity company Open Music internet-finance failed 2025 Solana https://openmusic.art https://x.com/openmusic_art rio 2026-03-11
raise_target total_committed raise_status launch_date close_date oversubscription_ratio platform_fee monthly_burn planned_runway
$250,000 $27,533 refunding 2026-03-03 2026-03-04 0.11 10% $25,000 10 months

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 futardio futarchy-governed launch but failed to meet funding target and refunded backers.

Overview

Open Music proposed a streaming model where each subscriber's payment goes only to artists they personally listened to that month, rather than being pooled globally. Platform takes 10% versus Spotify's ~30%, with payouts in USD wallet + USDC. Featured AI-powered sonic similarity discovery to replace label-budget-driven promotion. Two full-stack developers with plans to hire a third.

Timeline

  • 2026-03-03 — open-music-futardio-fundraise launched on Futardio seeking $250K
  • 2026-03-04 — Fundraise closed with $27,533 committed (11% of target), status: refunding

Relationship to KB

  • futardio — launch platform
  • Example of futarchy-governed fundraise that failed to meet market validation threshold