90f2c99a60
- 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>
1.9 KiB
1.9 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 on Solana that attempted to replace Spotify's pro-rata pool model with direct listener-to-artist payments. Launched futarchy-governed fundraise on Futardio in March 2026, raising only 11% of $250K target before going to REFUNDING status.
Overview
Open Music proposed a streaming platform where subscriber payments go directly to artists based on individual listening time rather than being pooled globally. The model promised ~$128/month for 100 fans versus ~$9/month on Spotify. Platform included AI-powered sonic discovery, artist audience ownership, and Solana/USDC payment infrastructure. Had working MVP at openmusic.art with early artist onboarding.
Timeline
- 2025-Q4 — MVP launched at openmusic.art with artist upload and payment functionality
- 2026-03-03 — open-music-futardio-fundraise launched on Futardio seeking $250K for 10-month runway
- 2026-03-04 — Fundraise closed in REFUNDING status with $27,533 committed (11% of target)
Relationship to KB
- futardio — fundraising platform
- futarchy-variance-creates-portfolio-problem-because-mechanism-selects-both-top-performers-and-worst-performers-simultaneously — case study in futarchy selection variance
- futarchy-governed-permissionless-launches-require-brand-separation-to-manage-reputational-liability-because-failed-projects-on-a-curated-platform-damage-the-platforms-credibility — counterexample showing platform survived failed launch