Proof of Usefulness Report

Magic Eden

Analysis completed on 1/25/2026

+618
Proof of Usefulness Score
Category Standard

Magic Eden is a validated 'Unicorn' ($1.6B+ valuation) and a dominant NFT marketplace on Solana and Bitcoin. However, the submission quality is extremely poor, featuring hyperbolic claims ('most people have used my product', 'everyone') and zero verifiable links. While the project's real-world utility and market position are elite (Tier 1), the score is heavily penalized by the lack of direct evidence in the submission and the 'Quality Factor' penalties for vague claims.

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Score Breakdown

Real World Utility+22.5
Audience Reach Impact+8.0
Technical Innovation+12.75
Evidence Of Traction+11.88
Market Timing Relevance+9.0
Functional Completeness+0.25
Subtotal+64.38
Usefulness Multiplierx0.96
Final Score+618

Project Details

Project URL
magiceden.io
Description
Magic Eden is a leading platform in the digital collectibles and non-fungible token (NFT) space, operating through its domain magiceden.io. The company provides a marketplace for users to discover, buy, and sell NFTs, offering a wide range of digital assets including art, music, and gaming items. Magic Eden is known for its user-friendly interface and robust features that cater to both creators and collectors in the NFT community. The platform supports various blockchain networks, ensuring a diverse and inclusive environment for NFT transactions. With a focus on innovation and community engagement, Magic Eden aims to enhance the digital collectibles experience for its 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