Proof of Usefulness Report

Luabase

Analysis completed on 1/25/2026

+15
Proof of Usefulness Score
You're In Business

Luabase was a legitimate venture-backed Web3 data infrastructure project that raised $4.5M in Seed funding (Aug 2022). However, search results indicate the project has officially shut down, with the website displaying a farewell message citing insufficient demand. The submission itself appears to be of extremely low quality or a test input, featuring hyperbolic and demonstrably false claims (e.g., 'most people have used my product', audience is 'everyone') and lacking any current operational metrics. The project receives a near-zero score due to its discontinued status and the lack of credibility in the submission data.

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Score Breakdown

Real World Utility+20
Quality Factor Utility+0.5
Audience Reach Impact+10
Quality Factor Reach+0.5
Technical Innovation+50
Quality Factor Innovation+0.5
Evidence Of Traction+30
Quality Factor Traction+0.5
Market Timing Relevance+10
Quality Factor Timing+0.5
Functional Completeness+10
Quality Factor Response+0.5
Subtotal+11.75
Usefulness Multiplierx1.1
Final Score+13

Project Details

Project URL
Description
Luabaseis in the Blockchain Infrastructure Industry

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