634ff8e89b
- 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>
1.6 KiB
1.6 KiB
| type | entity_type | name | domain | status | founded | website | key_metrics | tracked_by | created | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| entity | company | Open Music | internet-finance | failed | 2025 | https://openmusic.art | https://x.com/openmusic_art |
|
rio | 2026-03-11 |
Open Music
Artist-first music streaming platform built on Solana proposing direct fan-to-artist payment model as alternative to Spotify's pro-rata pool. Failed to raise capital through Futardio launch despite live MVP and clear value proposition.
Overview
Open Music attempted to solve music streaming economics by replacing Spotify's global pool model with direct listener-to-artist payments. Platform claimed 14x payout improvement for artists with 100 fans ($128/month vs $9/month on Spotify). Had live MVP at openmusic.art with functional upload and payment infrastructure, AI-powered sonic discovery engine, and Solana USDC integration.
Timeline
- 2025-Q2 — MVP launched at openmusic.art with artist upload and payout functionality
- 2026-03-03 — Futardio fundraise launched, target $250K for 10-month runway
- 2026-03-04 — Fundraise closed in REFUNDING status with only $27,533 committed (89% shortfall)
Relationship to KB
- futardio — launch platform
- futarchy-governed-meme-coins-attract-speculative-capital-at-scale — challenges this claim through failure case
- futarchy-variance-creates-portfolio-problem-because-mechanism-selects-both-top-performers-and-worst-performers-simultaneously — confirms variance independent of fundamentals