183 lines
5.6 KiB
Markdown
183 lines
5.6 KiB
Markdown
---
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type: source
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title: "Futardio: Open Music fundraise goes live"
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author: "futard.io"
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url: "https://www.futard.io/launch/4R1peXdUehAS1aWCdnrBfLRevGktsKH2euvBLdsYXbWu"
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date: 2026-03-03
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domain: internet-finance
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format: data
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status: unprocessed
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tags: [futardio, metadao, futarchy, solana]
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event_type: launch
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---
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## Launch Details
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- Project: Open Music
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- Description: Spotify took $20B last year. You got $0.003 per stream. Open Music fixes the math.
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- Funding target: $250,000.00
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- Total committed: $27,533.00
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- Status: Refunding
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- Launch date: 2026-03-03
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- URL: https://www.futard.io/launch/4R1peXdUehAS1aWCdnrBfLRevGktsKH2euvBLdsYXbWu
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## Team / Description
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# Open Music — Artist-First Streaming on Solana
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## The Problem
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Spotify made $20 billion last year. The average artist got $0.003 per stream.
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That's not a royalty. That's a rounding error.
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The pro-rata pool model means your streams compete against every other stream on the platform.
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The top 1% extracts most of the value. Everyone else gets a mystery deposit and no explanation.
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Artists don't own their audience. They don't know who's listening.
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They can't contact their fans. The platform owns that relationship — and rents it back to you via algorithm.
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Discovery is pay-to-play. Label money gets pushed. Independent artists fight for scraps.
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**This isn't a flawed system. It's a system working exactly as designed — just not for you.**
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---
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## The Solution
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Open Music replaces the pool with a direct model.
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Every subscriber's payment goes **only** to the artists they personally listened to that month.
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Not split across millions of tracks. Directly to you, proportional to your listeners' time.
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| | Spotify | Open Music |
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|---|---|---|
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| Model | Pro-rata global pool | Your listeners only |
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| Platform cut | ~30% | 10% |
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| Payout breakdown | None | Full — per listener |
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| Payout method | Bank (high minimums) | USD wallet + USDC / Solana |
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### What 100 fans actually pays you:
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- **Spotify:** ~$9/month
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- **Open Music:** ~$128/month
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The difference isn't a rounding error. It's a different system entirely.
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### Three shifts that matter:
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**01 — Money flows directly to you**
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No pool. No mystery. Your listeners' subscription goes to you based on their listening, every cycle.
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**02 — Your audience is yours**
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You see who's listening, who paid you, and how much. No black box. No algorithm controlling your reach.
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**03 — Discovery based on sound, not budget**
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AI-powered sonic similarity matches your music to listeners based on what it actually sounds like.
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No promoted slots. No gatekeepers. No label budget required.
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---
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## Traction
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- MVP is live at [openmusic.art](https://openmusic.art)
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- Artists can upload and receive payments today
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- Early community forming — artists onboarding as co-builders, not beta testers
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- Built on Solana — payouts in USD wallet + USDC
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---
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## Team
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Two full-stack developers with end-to-end ownership of the product —
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from Solana payment infrastructure to the AI discovery layer to the artist dashboard.
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Raise funds will be used to bring on a third developer to accelerate delivery.
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No VC. No label. No outside agenda. Built by people who were tired of waiting for the industry to fix itself.
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---
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## Use of Funds
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**Raise target: $250,000**
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**Monthly burn: ~$25,000**
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**Runway: ~10 months**
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| Category | Monthly | % |
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|---|---|---|
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| Engineering (2 devs + 1 hire) | $18,000 | 72% |
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| Infrastructure & Solana RPC | $4,000 | 16% |
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| Growth & Artist Acquisition | $2,000 | 8% |
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| Legal, Ops & Contingency | $1,000 | 4% |
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Capital is lean by design. Every dollar goes toward shipping and artist onboarding —
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not marketing spend or vanity metrics.
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---
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## Roadmap & Milestones
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### Q2 2025 — Foundation
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- [ ] Stable artist upload + payout flow
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- [ ] Direct fan-to-artist payment model live
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- [ ] 50 founding artists onboarded
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- [ ] Solana USDC payout integration
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### Q3 2025 — Discovery
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- [ ] AI sonic similarity engine (v1)
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- [ ] Listener-facing discovery feed
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- [ ] Artist dashboard: who paid, how much, per cycle
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- [ ] Fan subscription management
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### Q4 2025 — Scale
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- [ ] Mobile-optimized experience
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- [ ] Artist analytics + audience ownership tools
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- [ ] 500 active artists
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- [ ] Governance layer + OM token utility
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### Q1 2026 — Ecosystem
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- [ ] Open API for third-party integrations
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- [ ] Label / collective tooling
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- [ ] Cross-platform artist identity (wallet-linked)
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- [ ] 2,000+ artists, measurable payout delta vs Spotify
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---
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## Market & Differentiation
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**Target market:**
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- Independent artists with existing listeners (1K–100K monthly streams)
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- Solana-native creators and music NFT communities
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- Fans who want their subscription to actually reach their artists
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**Why now:**
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The creator economy backlash against platform extraction is at a peak.
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Artists are actively looking for alternatives. The infrastructure (Solana, USDC, AI)
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now makes a direct model viable at scale for the first time.
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**Competitive edge:**
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| | Spotify | Bandcamp | Sound.xyz | Open Music |
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|---|---|---|---|---|
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| Direct payout model | ✗ | Partial | Partial | ✓ |
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| Subscription-based | ✓ | ✗ | ✗ | ✓ |
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| AI sonic discovery | ✗ | ✗ | ✗ | ✓ |
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| Artist owns audience | ✗ | ✗ | ✗ | ✓ |
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| Onchain / Solana | ✗ | ✗ | ✓ | ✓ |
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No one else combines the subscription model, direct payout,
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AI discovery, and audience ownership in a single platform.
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**That's the moat.**
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## Links
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- Website: https://openmusic.art
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- Twitter: https://x.com/openmusic_art
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## Raw Data
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- Launch address: `4R1peXdUehAS1aWCdnrBfLRevGktsKH2euvBLdsYXbWu`
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- Token: 4Hj (4Hj)
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- Token mint: `4HjXkVLJhURqVcJEjnHoWBSVv1AnCzQnZ9cW7LxTmeta`
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- Version: v0.7
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- Closed: 2026-03-04
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