4bdc6eb13d
- 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>
1.7 KiB
1.7 KiB
| type | entity_type | name | domain | status | founded | platform | website | key_metrics | tracked_by | created | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| entity | company | Open Music | internet-finance | failed | 2025 | Solana | https://openmusic.art | https://x.com/openmusic_art |
|
rio | 2026-03-11 |
Open Music
Artist-first music streaming platform on Solana that replaces Spotify's pro-rata pool model with direct listener-to-artist payments. Attempted futarchy-governed fundraise on Futardio that failed to reach minimum threshold.
Overview
Open Music built a direct payment streaming model where each subscriber's payment goes only to artists they personally listened to that month, rather than being pooled globally. The platform claimed this would pay artists ~$128/month per 100 fans versus Spotify's ~$9/month. Had live MVP at openmusic.art with artist upload and payment functionality. Raised only 11% of $250K target through Futardio launch before entering refund status.
Timeline
- 2025-Q4 — MVP launched at openmusic.art with artist upload and USDC payout functionality
- 2026-03-03 — Futardio fundraise launched targeting $250K for 10-month runway
- 2026-03-04 — Fundraise closed in REFUNDING status with $27,533 committed (11% of target)
Relationship to KB
- futardio — fundraising platform
- futarchy-variance-creates-portfolio-problem-because-mechanism-selects-both-top-performers-and-worst-performers-simultaneously — exemplifies downside variance
- Contrasts with futardio-cult-raised-11-4-million-in-one-day-through-futarchy-governed-meme-coin-launch as failed launch on same platform