cc1cf943db
- 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>
34 lines
1.1 KiB
Markdown
34 lines
1.1 KiB
Markdown
---
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type: entity
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entity_type: company
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name: "Open Music"
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domain: internet-finance
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status: failed
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founded: 2025
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platform: solana
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website: "https://openmusic.art"
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twitter: "https://x.com/openmusic_art"
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tracked_by: rio
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created: 2026-03-11
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key_metrics:
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raise_target: "$250,000"
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total_committed: "$27,533"
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raise_outcome: "refunded"
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launch_date: "2026-03-03"
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close_date: "2026-03-04"
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platform_cut: "10%"
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team_size: "2 developers"
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monthly_burn: "$25,000"
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---
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# Open Music
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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.
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## Timeline
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- **2026-03-03** — Launched $250K raise on [[futardio]] with direct-payment streaming model targeting independent artists
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- **2026-03-04** — Raise closed at $27,533 (11% of target), entered refunding status
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## Relationship to KB
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- [[futardio]] — launch platform
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- Example of futarchy-governed fundraise that failed market validation despite articulated value proposition
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