teleo-codex/entities/internet-finance/mycorealms.md

type	entity_type	name	domain	status	founded	website	platform	governance_model	key_metrics	tracked_by	created
entity	company	MycoRealms	internet-finance	failed	2025	https://mycorealms.com	futardio	futarchy	raise_target total_committed raise_outcome token_supply team_allocation monthly_allowance $200,000 $158,067 refunding 15.9M max (12.9M circulating at launch) 3M tokens (18.9%) with performance unlock at 2x/4x/8x/16x/32x ICO price $10,000	rio	2026-03-11

MycoRealms

MycoRealms was the first futarchy-governed agricultural infrastructure project, attempting to raise $200,000 to build a climate-controlled mushroom production facility governed entirely through MetaDAO's futarchy system. The project eliminated direct treasury access for the team, providing a $10,000 monthly allowance with all major CAPEX requiring market approval through conditional token markets.

The raise achieved $158,067 in commitments but entered refunding status after failing to reach the $200,000 target within the 24-hour launch window. Despite the failed raise, the project demonstrated a viable mechanism design for futarchy governance of physical infrastructure with transparent operations ledgers.

Timeline

• 2025 — Team preparation: internship at ICAR-DMR Solan (India's national mushroom research institute), hands-on work in commercial farms, market research, vendor quotations, secured preliminary farm location
• 2026-03-03 — Futardio launch: raised $158,067 toward $200,000 target for futarchy-governed mushroom farm with market-controlled CAPEX deployment and transparent operations ledger via Arweave
• 2026-03-04 — Raise closed in refunding status after failing to reach target in 24-hour window

Relationship to KB

MycoRealms represents the first application of 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 to physical agricultural infrastructure. The project tested whether futarchy-based fundraising creates regulatory separation because there are no beneficial owners and investment decisions emerge from market forces not centralized control could extend from digital assets to real-world production facilities.

The team allocation structure with performance-based unlocks at 2x/4x/8x/16x/32x ICO price demonstrates performance-unlocked-team-tokens-with-price-multiple-triggers-and-twap-settlement-create-long-term-alignment-without-initial-dilution.