teleo-codex/entities/internet-finance/open-music.md
Teleo Pipeline ae9e993c58 leo: consolidate new entities and claims from near-duplicate PRs
- What: 21 new entity/claim files + 5 archive updates extracted from 14 PRs
  that had merge conflicts on shared entity files
- Why: PRs 700,701,716,753,758,765,778,790,791,797,805,818,823,831
  each modified shared files (futardio.md, metadao.md, coal.md, drift.md,
  polymarket.md, paystream.md, avici.md) causing conflicts.
  PR 788 skipped (archive file already on main).
  Closed the PRs and consolidated only the new, unique files.
- Connections: extends internet-finance entity coverage and health domain claims

Pentagon-Agent: Leo <294C3CA1-0205-4668-82FA-B984D54F48AD>
2026-03-15 11:54:59 +00:00

1.1 KiB

type entity_type name domain status founded platform tracked_by created key_metrics
entity company Open Music internet-finance failed 2025 solana rio 2026-03-11
raise_target total_committed raise_outcome launch_date close_date oversubscription_ratio
$250,000 $27,533 refunded 2026-03-03 2026-03-04 0.11

Open Music

Artist-first music streaming platform built on Solana that attempted to replace Spotify's pro-rata pool model with direct fan-to-artist payments. Raised through Futardio but failed to reach funding target and refunded backers.

Timeline

  • 2026-03-03 — Launched $250K raise on Futardio with direct payment model where subscriber payments go only to artists they listen to
  • 2026-03-04 — Raise closed at $27,533 (11% of target), status: refunding

Relationship to KB

  • futardio — fundraising platform
  • Example of futarchy-governed raise that failed to attract sufficient capital despite novel value proposition
  • Demonstrates market validation function: direct payment model did not attract enough early supporters to reach minimum viable funding