Proof of Usefulness Report

Faire

Analysis completed on 2/6/2026

+628
Proof of Usefulness Score
Category Standard

The project 'Faire' is a verified unicorn with massive global impact, verifiable valuation (~$12B), and significant market relevance. However, the submission itself is of very low quality, containing factually incorrect data (claiming $75M market cap vs actual $12B, 7500 staff vs actual ~1500) and vague descriptions ('everyone', 'most people'). The score reflects the immense verified utility and traction of the entity, heavily penalized by low Quality Factors due to the inaccuracies and lack of effort in the submission.

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Score Breakdown

Real World Utility+190.0
Audience Reach Impact+152.0
Technical Innovation+72.0
Evidence Of Traction+142.5
Market Timing Relevance+95.0
Functional Completeness+2.5
Subtotal+654
Usefulness Multiplierx0.96
Final Score+628

Project Details

Project URL
Description
Faire is the wholesale marketplace empowering brands and retailers to strengthen the unique character of local communities.

Algorithm Insights

Market Position
Strong market validation with clear user adoption patterns
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline