Proof of Usefulness Report

Nayms

Analysis completed on 2/8/2026

+56
Proof of Usefulness Score
You're In Business

Nayms is a legitimate, verified Series A insurtech company ($12M raised, ~$80M valuation) bridging traditional insurance with the blockchain. However, the submission quality is critically poor, containing factual inaccuracies (claiming 'most people' have used it and audience is 'everyone') and confusing market cap with revenue. While the technical utility is high and the project is regulated in Bermuda, the PoU score is heavily penalized due to the deceptive claims regarding traction and reach in the submission data.

Ready to Compete for $150k+ in Prizes?

Move this data into a HackerNoon blog draft to become eligible for your share of $150k+ in cash and software prizes

View All Reports

Score Breakdown

Real World Utility+20.0
Audience Reach Impact+2.0
Technical Innovation+12.75
Evidence Of Traction+7.5
Market Timing Relevance+6.0
Functional Completeness+0.25
Subtotal+48.5
Usefulness Multiplierx1.15
Final Score+56

Project Details

Project URL
nayms.com
Description
Introducing a new era in the $2.7 trillion general insurance industry with Nayms. We bridge the gap between alternative capital and underinsured risks, leveraging smart contracts and tokenized assets for unmatched transparency, efficiency, and security. By offering dynamic investment opportunities with stable, uncorrelated returns and exclusive insurance risk premiums, we're transforming the future of insurance.

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