5b984e8df3
- 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>
82 lines
No EOL
3.9 KiB
Markdown
82 lines
No EOL
3.9 KiB
Markdown
---
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type: entity
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entity_type: decision_market
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name: "Send Arcade: Futardio Fundraise"
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domain: internet-finance
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status: failed
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parent_entity: "[[send-arcade]]"
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platform: "futardio"
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proposal_url: "https://www.futard.io/launch/ActRESLUCdMzU4BnEE5VtMM2JG5ghZuKWkjXfiB5GdS7"
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proposal_date: 2026-03-04
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resolution_date: 2026-03-05
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category: "fundraise"
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summary: "Send Arcade attempted to raise $288k for 11 months runway to build real-money casual gaming arcade on Solana"
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key_metrics:
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raise_target: "$288,000"
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total_committed: "$114,933"
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oversubscription_ratio: 0.399
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monthly_budget: "$20,000"
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target_runway: "11 months"
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performance_package: "10%"
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token: "$ARCADE"
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launch_address: "ActRESLUCdMzU4BnEE5VtMM2JG5ghZuKWkjXfiB5GdS7"
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token_mint: "AaEYgXdHpzS9bBgAvDriVMvKDQUnqtVYAtLZJGjometa"
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autocrat_version: "v0.7"
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tracked_by: rio
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created: 2026-03-11
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---
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# Send Arcade: Futardio Fundraise
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## Summary
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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.
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## Market Data
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- **Outcome:** Failed (Refunding)
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- **Raise Target:** $288,000
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- **Total Committed:** $114,933 (39.9%)
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- **Launch Date:** 2026-03-04
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- **Close Date:** 2026-03-05
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- **Monthly Budget:** $20,000
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- **Target Runway:** 11 months
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- **Performance Package:** 10%
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## Project Background
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Send Arcade originally launched 1.5 years ago under the Send Ecosystem ($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.
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## Value Proposition
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- **Zero backend:** Games fetch state directly from smart contracts
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- **Fully on-chain:** Verifiable outcomes, instant settlement
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- **Agent-friendly:** PvP revenue model where agents can autonomously play and earn
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- **90% lower operating costs** vs traditional gaming studios
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- **Casino ownership model:** $ARCADE token as casino chip where house always wins and holders capture revenue
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## Planned Use of Funds
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- Launch Season 1 of flagship game FuseMeDaddy on Seeker and Play Solana Console
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- Roll out game modes, maps, characters, skins
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- Release on App Store and Play Store
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- Polish and release Arcade app with 6+ minigames
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- Revive old titles like Lana Roads
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- Build additional casino-arcade style games
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## Team Achievements
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- 2x Blinkathon winner
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- Solana AI Hackathon winner
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- Realtime Hackathon winner
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- 5th in Breakout Gaming main track
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- Winner at Radar Gaming side track
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- Helius Startup Launchpad Cohort 1
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- 20k+ plays across 3k+ unique users on Farcaster
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- Games preinstalled on Play Solana gaming console
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- 2 games published on Solana Dapp Store
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## Significance
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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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## Relationship to KB
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- [[futardio]] — fundraising platform
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- [[send-arcade]] — parent entity
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- [[MetaDAO]] — underlying futarchy infrastructure
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- Related to [[futarchy-governed-meme-coins-attract-speculative-capital-at-scale]]
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- Related to [[internet-capital-markets-compress-fundraising-timelines]]
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- Demonstrates challenges in [[cryptos primary use case is capital formation not payments or store of value because permissionless token issuance solves the fundraising bottleneck that solo founders and small teams face]] |