a0ed187dba
- Source: inbox/archive/2026-03-04-futardio-launch-seekervault.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 3) Pentagon-Agent: Rio <HEADLESS>
30 lines
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1.7 KiB
Markdown
30 lines
No EOL
1.7 KiB
Markdown
---
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type: entity
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entity_type: company
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name: SeekerVault
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domain: internet-finance
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status: failed
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tracked_by: rio
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created: 2026-03-11
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key_metrics:
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raise_target: 75000
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total_committed: 1186
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raise_status: refunding
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launch_date: 2026-03-04
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close_date: 2026-03-05
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platform: futardio
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token_symbol: 3M1
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---
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# SeekerVault
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Decentralized data sovereignty and monetization protocol built for the Solana Seeker device. Attempted to raise $75K through Futardio to fund 6 months of operations building a decentralized storage layer using Walrus protocol and Seal for secrets management. The raise failed dramatically, attracting only $1,186 in commitments before entering refunding status.
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## Timeline
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- **2026-03-04** — Launched futarchy-governed fundraise on Futardio targeting $75K for 6-month runway to build decentralized storage for Solana Seeker devices using Walrus and Seal protocols
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- **2026-03-05** — Raise closed in refunding status with only $1,186 committed (1.6% of target), demonstrating market rejection of the value proposition
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## Relationship to KB
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Case study in futarchy-governed fundraise failure. Demonstrates that [[futarchy-based fundraising creates regulatory separation because there are no beneficial owners and investment decisions emerge from market forces not centralized control]] does not guarantee market interest. The 98.4% funding gap suggests either poor product-market fit, weak go-to-market execution, or insufficient credibility in the team/technical approach. Relevant to [[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]] as a negative outcome example. |