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teleo-codex/entities/internet-finance/open-music.md
Teleo Agents cc1cf943db 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>
2026-03-12 11:15:27 +00:00

1.1 KiB
Raw Blame History

type entity_type name domain status founded platform website twitter tracked_by created key_metrics
entity company Open Music internet-finance failed 2025 solana https://openmusic.art https://x.com/openmusic_art rio 2026-03-11
raise_target total_committed raise_outcome launch_date close_date platform_cut team_size monthly_burn
$250,000 $27,533 refunded 2026-03-03 2026-03-04 10% 2 developers $25,000

Open Music

Artist-first music streaming platform built on Solana that replaces Spotify's pro-rata pool model with direct listener-to-artist payments. Raised through futarchy-governed launch on Futardio but failed to meet funding target.

Timeline

  • 2026-03-03 — Launched $250K raise on futardio with direct-payment streaming model targeting independent artists
  • 2026-03-04 — Raise closed at $27,533 (11% of target), entered refunding status

Relationship to KB

  • futardio — launch platform
  • Example of futarchy-governed fundraise that failed market validation despite articulated value proposition