Proof of Usefulness Report

Farfetch

Analysis completed on 1/21/2026

+584
Proof of Usefulness Score
Industry Mainstay

The project represents Farfetch, a verified global luxury fashion platform with massive scale (millions of users, billions in GMV). However, the submission itself is of extremely low quality, containing vague claims ('everyone', 'most people have used my product') and missing critical financial data. While the entity's real-world utility and traction are undeniable, the score is significantly penalized by the 'Vague or unsupported claims' quality factors inherent to the submission text.

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Score Breakdown

Real World Utility+225.0
Audience Reach Impact+90.0
Technical Innovation+60.0
Evidence Of Traction+119.0
Market Timing Relevance+60.0
Functional Completeness+2.5
Subtotal+556.5
Usefulness Multiplierx1.05
Final Score+584

Project Details

Project URL
farfetch.com
Description
Farfetch is a global luxury fashion platform that connects creators, curators, and consumers. Founded in 2007, the company operates an online marketplace that offers a wide range of luxury fashion items from over 700 boutiques and brands worldwide. Farfetch provides a seamless shopping experience by combining technology and fashion, allowing customers to discover and purchase high-end clothing, accessories, and footwear. The platform is known for its curated selection of unique and hard-to-find pieces, catering to fashion enthusiasts who seek exclusive and diverse styles. Farfetch is headquartered in London, with additional offices in major cities around the world.

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