a315a799e8
- 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>
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1.4 KiB
Markdown
34 lines
No EOL
1.4 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: refunding
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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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oversubscription_ratio: 0.11
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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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outcome: "refunding"
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links:
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website: "https://openmusic.art"
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twitter: "https://x.com/openmusic_art"
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futardio_launch: "https://www.futard.io/launch/4R1peXdUehAS1aWCdnrBfLRevGktsKH2euvBLdsYXbWu"
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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 fan-to-artist payments. Subscribers' payments go only to artists they personally listened to that month, with a 10% platform cut versus Spotify's ~30%. The platform features AI-powered sonic discovery, artist audience ownership, and USDC payouts.
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## Timeline
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- **2026-03-03** — Launched Futardio fundraise targeting $250K for 10-month runway; 72% allocated to engineering (2 devs + 1 hire), 16% to infrastructure
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- **2026-03-04** — Fundraise closed in refunding status with $27,533 committed (11% of target)
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## Relationship to KB
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- [[futardio]] — launch platform
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- [[MetaDAO]] — futarchy infrastructure provider
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- Demonstrates artist-first streaming economics: 100 fans would pay ~$128/month vs ~$9/month on Spotify under direct model |