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teleo-codex/entities/internet-finance/open-music.md
Teleo Agents a315a799e8 rio: extract from 2026-03-03-futardio-launch-open-music.md 
- 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>
2026-03-11 18:31:32 +00:00

1.4 KiB
Raw Blame History

type entity_type name domain status tracked_by created key_metrics links
entity company Open Music internet-finance refunding rio 2026-03-11
raise_target total_committed oversubscription_ratio launch_date close_date platform outcome
$250,000 $27,533 0.11 2026-03-03 2026-03-04 Futardio refunding
website twitter futardio_launch
https://openmusic.art https://x.com/openmusic_art https://www.futard.io/launch/4R1peXdUehAS1aWCdnrBfLRevGktsKH2euvBLdsYXbWu

Open Music

Artist-first music streaming platform built on Solana that replaces Spotify's pro-rata pool model with direct fan-to-artist payments. Subscribers' payments go only to artists they personally listened to that month, with a 10% platform cut versus Spotify's ~30%. The platform features AI-powered sonic discovery, artist audience ownership, and USDC payouts.

Timeline

  • 2026-03-03 — Launched Futardio fundraise targeting $250K for 10-month runway; 72% allocated to engineering (2 devs + 1 hire), 16% to infrastructure
  • 2026-03-04 — Fundraise closed in refunding status with $27,533 committed (11% of target)

Relationship to KB

  • futardio — launch platform
  • MetaDAO — futarchy infrastructure provider
  • Demonstrates artist-first streaming economics: 100 fans would pay ~$128/month vs ~$9/month on Spotify under direct model