m3taversal
e8016cf013
Completes full proposal text backfill for all non-MetaDAO decision records. Futardio proposals (3): - futardio-proposal-1 (test, Failed 2024-05-27) - futardio-fund-rug-bounty-program (Passed 2024-06-14) - futardio-approve-budget-pre-governance-hackathon (Passed 2024-08-30) FutureDAO (1): - futuredao-initiate-liquidity-farming-raydium (Passed 2024-11-08) Dean's List/IslandDAO (1): - islanddao-treasury-proposal (Passed 2024-10-10) Futardio launches — successful (3): - avici-futardio-launch ($34.2M committed, $3.5M raised, 2025-10-14) - paystream-futardio-fundraise ($6.1M committed, $750K raised, 2025-10-23) - superclaw-futardio-fundraise ($5.95M committed, 119x oversubscribed, 2026-03-04) Futardio launches — failed (10): - digifrens ($6.6K/200K, 2026-03-03) - git3 ($28.3K/100K, 2026-03-05) - hurupay ($2M/3M, 2026-02-03) - insert-coin-labs ($2.5K/50K, 2026-03-05) - island ($250/50K, 2026-03-04) - manna-finance ($205/120K, 2026-03-03) - runbookai ($3.6K/350K, 2026-03-05) - salmon-wallet (refunding, 2026-02-22) - seekervault ($2.1K/75K, 2026-03-04) - versus ($5.3K/500K, 2026-03-03) Other (3): - mtncapital-wind-down (first futarchy liquidation, ~Sep 2025) - test-dao-testing-indexer-changes (test, 2025-07-02) - the-meme-is-real (test, 2026-03-03) Pentagon-Agent: Rio <5551F5AF-0C5C-429F-8915-1FE74A00E019>
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3.2 KiB
Markdown
65 lines
No EOL
3.2 KiB
Markdown
---
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type: decision
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entity_type: decision_market
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name: "Git3: Futardio Fundraise"
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domain: internet-finance
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status: failed
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parent_entity: "[[git3]]"
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platform: "futardio"
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proposal_url: "https://v1.metadao.fi/git3/trade/HKRDmghovXSCMobiRCZ7BBdHopEizyKmnhJKywjk3vUa"
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proposal_date: 2026-03-05
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resolution_date: 2026-03-06
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category: "fundraise"
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summary: "Git3 attempted to raise $100K through futarchy-governed launch for on-chain Git infrastructure"
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key_metrics:
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funding_target: "$100,000"
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total_committed: "$28,266"
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outcome: "refunding"
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token: "6VT"
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token_mint: "6VTMeDtrtimh2988dhfYi2rMEDVdYzuHoSgERUmdmeta"
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tracked_by: rio
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created: 2026-03-11
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---
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# Git3: Futardio Fundraise
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## Summary
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Git3 launched a futarchy-governed fundraise on Futardio targeting $100,000 to build on-chain Git infrastructure with permanent storage on Irys blockchain. The project proposed bringing Git repositories on-chain as NFTs with x402 monetization, GitHub Actions integration, and AI agent interoperability. The raise achieved 28.3% of target ($28,266 committed) before entering refunding status after one day.
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## Market Data
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- **Outcome:** Failed (Refunding)
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- **Funding Target:** $100,000
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- **Total Committed:** $28,266 (28.3% of target)
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- **Launch Date:** 2026-03-05
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- **Closed:** 2026-03-06
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- **Token:** 6VT
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- **Platform:** Futardio v0.7
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## Significance
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This represents a failed futarchy-governed fundraise for developer infrastructure, demonstrating that not all technically sound projects achieve funding targets through prediction markets. The 28.3% fill rate suggests either insufficient market validation of the code-as-asset thesis, limited awareness of the launch, or skepticism about the team's ability to execute the ambitious roadmap (12-month runway, three development phases, enterprise features).
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The refunding outcome is notable because Git3 had a live MVP, clear technical architecture, and alignment with broader trends (on-chain code storage, AI agent infrastructure, x402 protocol). The failure suggests futarchy markets can filter projects even when fundamentals appear strong, potentially due to go-to-market concerns, competitive positioning (GitHub's dominance), or team credibility questions.
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## Relationship to KB
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- [[git3]] — parent entity
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- [[futardio]] — fundraising platform
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- [[MetaDAO]] — futarchy infrastructure provider
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- Demonstrates futarchy-governed fundraise failure despite live MVP and technical merit
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## Full Proposal Text
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*Source: futard.io, launched 2026-03-05*
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Git3: Bringing Git on-chain for true ownership and x402 monetization, backed by Irys Chain.
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**Core Features:** Git repositories stored on-chain as NFTs on Irys blockchain. Code ownership, censorship resistance, monetization through x402 protocol. GitHub Actions integration for seamless workflow. Agent interoperability via MCP.
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**Raise:** Target $100,000. Total committed: $28,266 (28.3%). Status: Refunding. Closed 2026-03-06.
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**Revenue Model:** Creator fees on NFT sales, protocol fees on x402 transactions, agent royalties. Monthly burn: ~$8,000. MVP live at git3.io.
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**Roadmap:** Phase 1 (core infrastructure & GitHub integration), Phase 2 (NFT marketplace & x402 integration), Phase 3 (ecosystem expansion & $GIT3 token). |