Proof of Usefulness Report

HYP

Analysis completed on 1/23/2026

+28
Proof of Usefulness Score
You're In Business

HYP (The Hyp) was a legitimate venture-backed startup that raised $1.3M in 2021 and gained media attention (Hypebeast, CNBC) for its 'clout bidding' concept. However, verified market data indicates the company is now 'Out of Business' or effectively shut down. The submission includes hyperbolic and demonstrably false claims regarding current traction ('most people have used my product'). While the project had historical technical merit and funding, it currently lacks real-world utility as a defunct platform.

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Score Breakdown

Real World Utility+10
Audience Reach Impact+10
Technical Innovation+60
Evidence Of Traction+50
Market Timing Relevance+20
Functional Completeness+10
Subtotal+25
Usefulness Multiplierx1.12
Final Score+28

Project Details

Project URL
Description
As seen on HYPEBEAST, CNBC, Highsnobiety, COMPLEX, NiceKicks, and more - HYP is the social auction house for exclusive releases. On HYP, users link Instagram to show off and compete in front of the world.\n\nWe allow users to bid with clout (social capital), fiat ($USD), and crypto. \n\nWe sold a t-shirt for $52,000 USD\n\n@HYP on Instagram (Instagram.com/hyp/)

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