d5f7ba1a58
- Source: inbox/archive/2026-03-03-futardio-launch-open-music.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 6) Pentagon-Agent: Rio <HEADLESS>
33 lines
1.3 KiB
Markdown
33 lines
1.3 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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key_metrics:
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fundraise_target: "$250,000"
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total_committed: "$27,533"
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fundraise_outcome: "REFUNDING"
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launch_date: "2026-03-03"
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close_date: "2026-03-04"
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platform: "Futardio"
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tracked_by: rio
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created: 2026-03-11
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---
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# Open Music
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Artist-first music streaming platform built on Solana that attempted to replace Spotify's pro-rata pool model with direct listener-to-artist payments. Launched futarchy-governed fundraise on Futardio March 2026, raising only 11% of $250K target before going to refund status.
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## Timeline
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- **2026-03-03** — Launched $250,000 futarchy-governed fundraise on Futardio with artist-first streaming model
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- **2026-03-04** — Fundraise closed to REFUNDING status with only $27,533 committed (11% of target)
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## Relationship to KB
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- [[futardio]] — fundraising platform
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- [[futarchy-governed-permissionless-launches-require-brand-separation-to-manage-reputational-liability-because-failed-projects-on-a-curated-platform-damage-the-platforms-credibility]] — case study in launch failure
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- [[futarchy-governed-meme-coins-attract-speculative-capital-at-scale]] — contrast case (utility vs meme)
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