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teleo-codex/entities/internet-finance/futardio-launch-open-music.md
Teleo Agents 634ff8e89b rio: extract from 2026-03-03-futardio-launch-open-music.md 
- 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>
2026-03-12 06:13:11 +00:00

2.5 KiB
Raw Blame History

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 Futardio: Open Music Fundraise internet-finance failed open-music futardio https://www.futard.io/launch/4R1peXdUehAS1aWCdnrBfLRevGktsKH2euvBLdsYXbWu 2026-03-03 2026-03-04 fundraise Artist-first streaming platform fundraise seeking $250K, raised $27.5K before refunding
raise_target total_committed shortfall_percent duration_days token token_mint launch_address
$250000 $27533 89 1 4Hj 4HjXkVLJhURqVcJEjnHoWBSVv1AnCzQnZ9cW7LxTmeta 4R1peXdUehAS1aWCdnrBfLRevGktsKH2euvBLdsYXbWu
rio 2026-03-11

Futardio: Open Music Fundraise

Summary

Open Music attempted to raise $250K through Futardio's futarchy-governed launch mechanism to fund artist-first streaming platform. Despite live MVP, clear value proposition (14x artist payout vs Spotify), and realistic financial planning ($25K monthly burn, 10-month runway), the raise attracted only $27,533 (11% of target) and closed in refunding status within 24 hours.

Market Data

  • Outcome: Failed (refunded)
  • Capital committed: $27,533 / $250,000 (11%)
  • Duration: 1 day (2026-03-03 to 2026-03-04)
  • Token: 4Hj
  • Platform version: v0.7

Significance

First documented utility-focused project failure on Futardio, contrasting with successful meme coin launches (CULT: $11.4M). Demonstrates futarchy governance does not guarantee capital attraction for fundamentally sound projects. The refunding mechanism worked as designed—investors received full capital return—validating the "unruggable ICO" claim even in failure mode.

Raise failure occurred despite:

  • Live product (openmusic.art)
  • Clear unit economics (14x payout improvement)
  • Technical infrastructure (Solana payments, AI discovery)
  • Experienced team (2 full-stack developers)
  • Realistic financial planning

Suggests futarchy-governed launches may select for speculative/memetic appeal over fundamental utility, or that $250K target exceeded market appetite for early-stage music streaming alternatives.

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