Proof of Usefulness Report

Filebase

Analysis completed on 1/21/2026

+224
Proof of Usefulness Score
Gaining Momentum

Filebase is a verified, venture-backed ($2M+ Seed) decentralized storage platform that provides a valuable S3-compatible interface for networks like IPFS, Sia, and Storj. While the project demonstrates strong Real-World Utility and Technical Innovation with over 55k developers and 2B+ files uploaded, the submission itself was of extremely poor quality (claiming 'everyone' as the audience and providing false traction claims like 'most people have used my product'). Consequently, the score reflects the project's legitimate 'Small but promising' market position, heavily penalized in Response Quality and Traction Evidence for the low-effort data provided.

Ready to Compete for $150k+ in Prizes?

Move this data into a HackerNoon blog draft to become eligible for your share of $150k+ in cash and software prizes

View All Reports

Score Breakdown

Real World Utility+85.0
Audience Reach Impact+25.6
Technical Innovation+51.0
Evidence Of Traction+38.5
Market Timing Relevance+32.0
Functional Completeness+1.0
Subtotal+233.1
Usefulness Multiplierx0.96
Final Score+224

Project Details

Project URL
filebase.com
Description
Filebase is a company that specializes in providing decentralized cloud storage solutions. Utilizing blockchain technology, Filebase offers a unique approach to data storage by leveraging a network of decentralized storage providers. This allows users to store and retrieve data in a secure, efficient, and cost-effective manner. The platform is designed to be compatible with existing cloud storage protocols, making it easy for businesses and developers to integrate decentralized storage into their applications and workflows. Filebase aims to offer a reliable alternative to traditional cloud storage services, with a focus on enhanced data privacy, redundancy, and accessibility.

Algorithm Insights

Market Position
Growing utility with room for optimization
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