76866c3e52
- 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>
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1.3 KiB
Markdown
31 lines
No EOL
1.3 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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website: https://openmusic.art
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twitter: https://x.com/openmusic_art
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founded: 2025
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key_metrics:
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raise_target: "$250,000"
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raise_actual: "$27,533"
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raise_platform: "Futardio"
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team_size: 2
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monthly_burn: "$25,000"
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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 streaming platform on Solana that attempted to replace Spotify's pro-rata pool model with direct subscriber-to-artist payments. Launched fundraise on Futardio (MetaDAO's futarchy launchpad) on 2026-03-03, targeting $250K but reaching only $27,533 (11%) before entering REFUNDING status.
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## Timeline
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- **2026-03-03** — Launched $250K fundraise on Futardio for artist-first streaming platform
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- **2026-03-04** — Fundraise closed in REFUNDING status with $27,533 raised (11% of target)
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## Relationship to KB
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- [[MetaDAO is the futarchy launchpad on Solana where projects raise capital through unruggable ICOs governed by conditional markets creating the first platform for ownership coins at scale]] — failed launch case study
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- [[futarchy-governed-meme-coins-attract-speculative-capital-at-scale]] — counter-evidence (utility project failed to attract capital)
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- [[futardio]] — platform used for fundraise |