ae9e993c58
- What: 21 new entity/claim files + 5 archive updates extracted from 14 PRs that had merge conflicts on shared entity files - Why: PRs 700,701,716,753,758,765,778,790,791,797,805,818,823,831 each modified shared files (futardio.md, metadao.md, coal.md, drift.md, polymarket.md, paystream.md, avici.md) causing conflicts. PR 788 skipped (archive file already on main). Closed the PRs and consolidated only the new, unique files. - Connections: extends internet-finance entity coverage and health domain claims Pentagon-Agent: Leo <294C3CA1-0205-4668-82FA-B984D54F48AD>
197 lines
6.6 KiB
Markdown
197 lines
6.6 KiB
Markdown
---
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type: source
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title: "Futardio: Open Music fundraise goes live"
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author: "futard.io"
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url: "https://www.futard.io/launch/4R1peXdUehAS1aWCdnrBfLRevGktsKH2euvBLdsYXbWu"
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date: 2026-03-03
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domain: internet-finance
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format: data
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status: processed
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tags: [futardio, metadao, futarchy, solana]
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event_type: launch
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processed_by: rio
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processed_date: 2026-03-11
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extraction_model: "anthropic/claude-sonnet-4.5"
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extraction_notes: "Futardio launch that failed to reach funding threshold. No novel claims about futarchy mechanisms or market dynamics — this is a straightforward failed raise. The direct payment model vs pro-rata pool is a product feature, not a generalizable claim about music economics or platform design. Entity data only."
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---
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## Launch Details
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- Project: Open Music
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- Description: Spotify took $20B last year. You got $0.003 per stream. Open Music fixes the math.
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- Funding target: $250,000.00
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- Total committed: $27,533.00
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- Status: Refunding
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- Launch date: 2026-03-03
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- URL: https://www.futard.io/launch/4R1peXdUehAS1aWCdnrBfLRevGktsKH2euvBLdsYXbWu
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## Team / Description
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# Open Music — Artist-First Streaming on Solana
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## The Problem
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Spotify made $20 billion last year. The average artist got $0.003 per stream.
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That's not a royalty. That's a rounding error.
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The pro-rata pool model means your streams compete against every other stream on the platform.
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The top 1% extracts most of the value. Everyone else gets a mystery deposit and no explanation.
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Artists don't own their audience. They don't know who's listening.
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They can't contact their fans. The platform owns that relationship — and rents it back to you via algorithm.
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Discovery is pay-to-play. Label money gets pushed. Independent artists fight for scraps.
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**This isn't a flawed system. It's a system working exactly as designed — just not for you.**
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---
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## The Solution
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Open Music replaces the pool with a direct model.
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Every subscriber's payment goes **only** to the artists they personally listened to that month.
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Not split across millions of tracks. Directly to you, proportional to your listeners' time.
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| | Spotify | Open Music |
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|---|---|---|
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| Model | Pro-rata global pool | Your listeners only |
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| Platform cut | ~30% | 10% |
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| Payout breakdown | None | Full — per listener |
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| Payout method | Bank (high minimums) | USD wallet + USDC / Solana |
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### What 100 fans actually pays you:
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- **Spotify:** ~$9/month
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- **Open Music:** ~$128/month
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The difference isn't a rounding error. It's a different system entirely.
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### Three shifts that matter:
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**01 — Money flows directly to you**
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No pool. No mystery. Your listeners' subscription goes to you based on their listening, every cycle.
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**02 — Your audience is yours**
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You see who's listening, who paid you, and how much. No black box. No algorithm controlling your reach.
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**03 — Discovery based on sound, not budget**
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AI-powered sonic similarity matches your music to listeners based on what it actually sounds like.
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No promoted slots. No gatekeepers. No label budget required.
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---
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## Traction
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- MVP is live at [openmusic.art](https://openmusic.art)
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- Artists can upload and receive payments today
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- Early community forming — artists onboarding as co-builders, not beta testers
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- Built on Solana — payouts in USD wallet + USDC
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---
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## Team
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Two full-stack developers with end-to-end ownership of the product —
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from Solana payment infrastructure to the AI discovery layer to the artist dashboard.
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Raise funds will be used to bring on a third developer to accelerate delivery.
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No VC. No label. No outside agenda. Built by people who were tired of waiting for the industry to fix itself.
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---
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## Use of Funds
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**Raise target: $250,000**
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**Monthly burn: ~$25,000**
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**Runway: ~10 months**
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| Category | Monthly | % |
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|---|---|---|
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| Engineering (2 devs + 1 hire) | $18,000 | 72% |
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| Infrastructure & Solana RPC | $4,000 | 16% |
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| Growth & Artist Acquisition | $2,000 | 8% |
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| Legal, Ops & Contingency | $1,000 | 4% |
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Capital is lean by design. Every dollar goes toward shipping and artist onboarding —
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not marketing spend or vanity metrics.
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---
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## Roadmap & Milestones
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### Q2 2025 — Foundation
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- [ ] Stable artist upload + payout flow
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- [ ] Direct fan-to-artist payment model live
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- [ ] 50 founding artists onboarded
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- [ ] Solana USDC payout integration
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### Q3 2025 — Discovery
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- [ ] AI sonic similarity engine (v1)
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- [ ] Listener-facing discovery feed
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- [ ] Artist dashboard: who paid, how much, per cycle
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- [ ] Fan subscription management
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### Q4 2025 — Scale
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- [ ] Mobile-optimized experience
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- [ ] Artist analytics + audience ownership tools
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- [ ] 500 active artists
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- [ ] Governance layer + OM token utility
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### Q1 2026 — Ecosystem
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- [ ] Open API for third-party integrations
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- [ ] Label / collective tooling
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- [ ] Cross-platform artist identity (wallet-linked)
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- [ ] 2,000+ artists, measurable payout delta vs Spotify
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---
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## Market & Differentiation
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**Target market:**
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- Independent artists with existing listeners (1K–100K monthly streams)
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- Solana-native creators and music NFT communities
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- Fans who want their subscription to actually reach their artists
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**Why now:**
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The creator economy backlash against platform extraction is at a peak.
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Artists are actively looking for alternatives. The infrastructure (Solana, USDC, AI)
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now makes a direct model viable at scale for the first time.
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**Competitive edge:**
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| | Spotify | Bandcamp | Sound.xyz | Open Music |
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|---|---|---|---|---|
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| Direct payout model | ✗ | Partial | Partial | ✓ |
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| Subscription-based | ✓ | ✗ | ✗ | ✓ |
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| AI sonic discovery | ✗ | ✗ | ✗ | ✓ |
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| Artist owns audience | ✗ | ✗ | ✗ | ✓ |
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| Onchain / Solana | ✗ | ✗ | ✓ | ✓ |
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No one else combines the subscription model, direct payout,
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AI discovery, and audience ownership in a single platform.
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**That's the moat.**
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## Links
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- Website: https://openmusic.art
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- Twitter: https://x.com/openmusic_art
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## Raw Data
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- Launch address: `4R1peXdUehAS1aWCdnrBfLRevGktsKH2euvBLdsYXbWu`
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- Token: 4Hj (4Hj)
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- Token mint: `4HjXkVLJhURqVcJEjnHoWBSVv1AnCzQnZ9cW7LxTmeta`
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- Version: v0.7
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- Closed: 2026-03-04
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## Key Facts
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- Open Music raised $27,533 of $250,000 target (11% fill rate) on Futardio (2026-03-03)
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- Open Music proposed direct fan-to-artist payment model vs Spotify's pro-rata pool
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- Open Music claimed $128/month payout for 100 fans vs $9/month on Spotify
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- Spotify paid artists average $0.003 per stream, made $20B revenue (2025)
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- Open Music MVP live at openmusic.art with artist upload and payment functionality
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- Open Music planned $25K/month burn rate: 72% engineering, 16% infrastructure, 8% growth, 4% ops
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- Open Music team: 2 full-stack developers, planned to hire third with raise funds
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