Proof of Usefulness Report

Magic

Analysis completed on 1/25/2026

+641
Proof of Usefulness Score
Category Standard

Magic (magic.link) is a verified industry leader in Web3 onboarding, having raised over $80M (Series B led by PayPal Ventures) with 20M+ unique wallets created. While the submission text itself was low-effort and lacked detail, the verifiable external traction, enterprise adoption (Mattel, Macy's), and critical utility of the infrastructure warrant a high score comparable to established tech unicorns. The score is penalized slightly due to the poor quality of the submission response.

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Score Breakdown

Real World Utility+196.0
Audience Reach Impact+152.0
Technical Innovation+108.0
Evidence Of Traction+196.0
Market Timing Relevance+72.0
Functional Completeness+4.0
Subtotal+728
Usefulness Multiplierx0.88
Final Score+641

Project Details

Project URL
Description
One SDK for passwordless, WebAuthn, and social login - fully customizable.\n\nMagic is an early stage, fast-growing challenger to transform the antiquated user identity space by eliminating the need for passwords, with backing from top investors such as Lightspeed Ventures, SV Angel, Social Capital, Placeholder, and Naval Ravikant.\n \nOur mission is to safeguard the trust between users and Internet services by establishing secure and authentic digital identity. Magic’s vision is an Internet of people, not credentials. We are looking for team members who are eager to push beyond the status quo and create the simplest, most secure, and most long-term sustainable identity solution for app developers and end-users.

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