15e80e3600
- 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>
31 lines
1 KiB
Markdown
31 lines
1 KiB
Markdown
---
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type: entity
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entity_type: company
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name: "Open Music"
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domain: internet-finance
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status: failed
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founded: 2025
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platform: "Solana"
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website: "https://openmusic.art"
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twitter: "https://x.com/openmusic_art"
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tracked_by: rio
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created: 2026-03-11
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key_metrics:
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raise_target: "$250,000"
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total_committed: "$27,533"
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raise_status: "refunding"
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oversubscription_ratio: 0.11
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---
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# Open Music
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Artist-first music streaming platform built on Solana that replaces Spotify's pro-rata pool model with direct fan-to-artist payments. Raised through Futardio futarchy-governed launch but failed to reach funding target.
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## Timeline
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- **2026-03-03** — [[open-music-futardio-launch]] launched on Futardio seeking $250K for artist-first streaming platform
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- **2026-03-04** — Fundraise closed at $27,533 (11% of target), entered refunding status
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## Relationship to KB
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- [[futardio]] — fundraising platform
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- [[MetaDAO]] — futarchy infrastructure provider
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- Example of futarchy-governed launch that failed to reach minimum viable funding
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