Proof of Usefulness Report

NFTBooks

Analysis completed on 1/26/2026

+21
Proof of Usefulness Score
You're In Business

The project addresses a valid use case (digital ownership of books) but the submission is severely undermined by hyperbolic and demonstrably false claims (e.g., 'most people have used my product', 'eliminate 100% of piracy'). While the token (NFTBS) technically exists, the lack of verifiable revenue, the unlikely team size claim (30-50), and the unprofessional response quality result in a low score indicative of a project with minimal credible traction.

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+5
Audience Reach Impact+2
Technical Innovation+7.5
Evidence Of Traction+1.25
Market Timing Relevance+3
Functional Completeness+0.25
Subtotal+19
Usefulness Multiplierx1.12
Final Score+21

Project Details

Project URL
nftbooks.info
Description
NFTBOOKS is a project which buids platform to publish works on books, magazines, paintings... on blockchain protocol. Works will be directly published by the authors. Using NFT (Non-fungtible Token) identification technology for copyright, our project will eliminate almost 100% of piracy in order to make your products accessible to readers at reasonable prices. Your products will be released to everyone as quickly as possible in the largest number. We make it possible for our readers to read your books for as cheap as 1/100 1/1000 compared to the traditional book approach. You absolutely do not need to worry because our model allows the authors to also be the publisher. You, or other authors, will still enjoy your full benefit even the publisher's share while the readers are not under financial pressure. At NFTBOOKS there are 5 main audiences: authors, readers, translators, booksellers and investors; with this interactive circular ecosystem of audiences creating mutual support and mutual development.

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