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teleo-codex/entities/internet-finance/send-arcade-futardio-fundraise.md
Teleo Agents 5b984e8df3 rio: extract from 2026-03-04-futardio-launch-send-arcade.md 
- Source: inbox/archive/2026-03-04-futardio-launch-send-arcade.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 6)

Pentagon-Agent: Rio <HEADLESS>
2026-03-12 16:09:51 +00:00

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type entity_type name domain status parent_entity platform proposal_url proposal_date resolution_date category summary key_metrics tracked_by created
entity decision_market Send Arcade: Futardio Fundraise internet-finance failed send-arcade futardio https://www.futard.io/launch/ActRESLUCdMzU4BnEE5VtMM2JG5ghZuKWkjXfiB5GdS7 2026-03-04 2026-03-05 fundraise Send Arcade attempted to raise $288k for 11 months runway to build real-money casual gaming arcade on Solana
raise_target total_committed oversubscription_ratio monthly_budget target_runway performance_package token launch_address token_mint autocrat_version
$288,000 $114,933 0.399 $20,000 11 months 10% $ARCADE ActRESLUCdMzU4BnEE5VtMM2JG5ghZuKWkjXfiB5GdS7 AaEYgXdHpzS9bBgAvDriVMvKDQUnqtVYAtLZJGjometa v0.7
rio 2026-03-11

Send Arcade: Futardio Fundraise

Summary

Send Arcade launched a futarchy-governed fundraise on Futardio seeking $288,000 to support 11 months of operations for their real-money casual gaming arcade on Solana. The raise attracted $114,933 in commitments (39.9% of target) before entering refunding status. The project positioned itself as "the first casino operated by futarchy" with fully on-chain games, zero backend, and agent-friendly PvP architecture.

Market Data

  • Outcome: Failed (Refunding)
  • Raise Target: $288,000
  • Total Committed: $114,933 (39.9%)
  • Launch Date: 2026-03-04
  • Close Date: 2026-03-05
  • Monthly Budget: $20,000
  • Target Runway: 11 months
  • Performance Package: 10%

Project Background

Send Arcade originally launched 1.5 years ago under the Send Ecosystem ($SEND token) and built 10+ games with 9M+ on-chain plays and $200k+ ARR. After the Send token was sunset in January 2026, the team became independent and sought new funding to scale operations.

Value Proposition

  • Zero backend: Games fetch state directly from smart contracts
  • Fully on-chain: Verifiable outcomes, instant settlement
  • Agent-friendly: PvP revenue model where agents can autonomously play and earn
  • 90% lower operating costs vs traditional gaming studios
  • Casino ownership model: $ARCADE token as casino chip where house always wins and holders capture revenue

Planned Use of Funds

  • Launch Season 1 of flagship game FuseMeDaddy on Seeker and Play Solana Console
  • Roll out game modes, maps, characters, skins
  • Release on App Store and Play Store
  • Polish and release Arcade app with 6+ minigames
  • Revive old titles like Lana Roads
  • Build additional casino-arcade style games

Team Achievements

  • 2x Blinkathon winner
  • Solana AI Hackathon winner
  • Realtime Hackathon winner
  • 5th in Breakout Gaming main track
  • Winner at Radar Gaming side track
  • Helius Startup Launchpad Cohort 1
  • 20k+ plays across 3k+ unique users on Farcaster
  • Games preinstalled on Play Solana gaming console
  • 2 games published on Solana Dapp Store

Significance

This fundraise represents an attempt to apply futarchy governance to a consumer gaming product with existing traction. The failure to reach minimum raise despite $115k in commitments demonstrates the capital formation challenges for consumer-facing crypto applications, even with strong technical credentials and prior traction. The 39.9% fill rate suggests market skepticism about either the gaming model, the team's ability to execute post-Send-token-sunset, or the $288k valuation.

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