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>
39 lines
1.6 KiB
Markdown
39 lines
1.6 KiB
Markdown
---
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type: entity
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entity_type: company
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name: Open Music
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domain: internet-finance
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status: failed
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founded: 2025
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website: https://openmusic.art
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twitter: https://x.com/openmusic_art
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key_metrics:
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mvp_status: live
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raise_target: $250000
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raise_actual: $27533
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raise_shortfall: 89%
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monthly_burn: $25000
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team_size: 2
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tracked_by: rio
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created: 2026-03-11
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---
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# Open Music
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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.
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## Overview
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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.
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## Timeline
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- **2025-Q2** — MVP launched at openmusic.art with artist upload and payout functionality
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- **2026-03-03** — Futardio fundraise launched, target $250K for 10-month runway
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- **2026-03-04** — Fundraise closed in REFUNDING status with only $27,533 committed (89% shortfall)
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## Relationship to KB
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- [[futardio]] — launch platform
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- [[futarchy-governed-meme-coins-attract-speculative-capital-at-scale]] — challenges this claim through failure case
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- [[futarchy-variance-creates-portfolio-problem-because-mechanism-selects-both-top-performers-and-worst-performers-simultaneously]] — confirms variance independent of fundamentals
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