4447540142
- 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
978 B
Markdown
31 lines
978 B
Markdown
---
|
|
type: entity
|
|
entity_type: company
|
|
name: "Open Music"
|
|
domain: internet-finance
|
|
status: failed
|
|
founded: 2025
|
|
platform: solana
|
|
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"
|
|
oversubscription_ratio: 0.11
|
|
---
|
|
|
|
# Open Music
|
|
|
|
Artist-first music streaming platform built on Solana proposing direct fan-to-artist payment model to replace Spotify's pro-rata pool. Raised through futarchy-governed launch on Futardio but failed to reach funding target.
|
|
|
|
## Timeline
|
|
- **2026-03-03** — Launched $250K raise on Futardio with direct payment model proposition
|
|
- **2026-03-04** — Raise closed at $27,533 (11% of target), entered refunding status
|
|
|
|
## Relationship to KB
|
|
- [[futardio]] — launch platform
|
|
- Demonstrates futarchy-governed fundraising for consumer applications
|
|
- Case study in market validation through conditional token markets
|