Proof of Usefulness Report

Functionland Fula

Analysis completed on 1/27/2026

+98
Proof of Usefulness Score
You're In Business

Functionland Fula demonstrates strong proof of concept with over $550k in verified hardware sales (Indiegogo) and a live testnet. While the project addresses a genuine problem (decentralized storage/privacy) and shows high technical innovation with its 'Box' hardware and DePIN architecture, it currently lacks the user scale (>100k) to score higher in the calibration model. The ecosystem is active, but mass adoption is still in early stages.

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Score Breakdown

Real World Utility+24.0
Audience Reach Impact+8.8
Technical Innovation+15.3
Evidence Of Traction+31.9
Market Timing Relevance+9.9
Functional Completeness+2.5
Subtotal+92.4
Usefulness Multiplierx1.06
Final Score+98

Project Details

Project URL
fx.land/
Description
Creating a decentralized storage for the masses
Audience Reach
We are targeting businesses and applications which are using s3 compatible APIs to connect to central storage servers. Since our APIs are filly s3 compatible the change ok their side is simple
Target Users
They gain a fully decentralized storage backend supported by IPFS network and cheaper storage
Technologies
Other, Ipfs, ipld, solidity
Traction Evidence
We have sold $500K+ in our early hardware campaign and now onboarding users to the storage network through applications: 1. https://www.indiegogo.com/projects/box-first-free-forever-cloud-storage-alternative 2. https://play.google.com/store/apps/details?id=land.fx.files 3. https://cloud.fx.land/

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