Proof of Usefulness Report

Novelship

Analysis completed on 1/26/2026

+623
Proof of Usefulness Score
Category Standard

Novelship is a verified, venture-backed (Series B) marketplace leader in Southeast Asia for limited-edition sneakers and collectibles, with estimated annual GMV in the tens of millions and a team of 50-200. While the project fundamentals are strong (high utility, established traction, growing market), the submission itself was low-quality, containing hyperbolic claims ('most people have used my product') and missing technical details. The score reflects the high real-world value and verifiable business scale, penalized slightly for the lack of specific evidence provided in the application.

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Score Breakdown

Real World Utility+21.25
Audience Reach Impact+15.00
Technical Innovation+7.20
Evidence Of Traction+17.00
Market Timing Relevance+9.00
Functional Completeness+0.50
Subtotal699.5)
Usefulness Multiplierx0.89
Final Score+623

Project Details

Project URL
novelship.com
Description
Novelship is Asia’s fastest growing online marketplace for authentic sneakers, limited edition apparel, and exclusive collectibles. On our platform you can buy and sell releases from the world’s most prestigious brands including Nike, Air Jordan, adidas Yeezy, Supreme, Palace, Fear of God, and many more! \n\nTo purchase an item, simply navigate to the product you’d like and select ‘Buy Now’, if the price is too high you can also place an offer. For sellers, easily list your product for sale or sell it now by navigating to the product page and selecting the ‘list’ or ‘sell now’ option respectively. \n\nEvery single item purchased or sold on Novelship undergoes a rigorous quality check and authentication process using cutting edge technology and industry expertise to guarantee you never receive a fake. \n\nStart shopping for the hottest drops today!

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