Proof of Usefulness Report

Pinata

Analysis completed on 1/27/2026

+600

Proof of Usefulness Score

Industry Mainstay

Pinata is a highly established 'Category King' in the NFT/IPFS infrastructure space with verifiable massive traction ($21.5M+ funding, 240k+ users, partnerships with OpenSea/Yuga Labs). However, the submission itself was of extremely poor quality, containing hyperbolic claims ('most people have used my product') and missing data ('all time marketcap: null'). The score reflects the high real-world utility and verified external success, significantly penalized by the lack of evidence provided in the submission and the vague 'audience reach' claims.

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Score Breakdown

Real World Utility2.5)

Audience Reach Impact2.0)

Technical Innovation1.5)

Evidence Of Traction2.5)

Market Timing Relevance1.0)

Functional Completeness0.5)

Subtotal+666.25

Usefulness Multiplierx0.90

Final Score+600

Project Details

Project URL

pinata.cloud

Description

Pinata provides a platform and api for creators and builders to manage, distribute, and display NFT multimedia. Our customers are NFT platforms and NFT creators that create audio, visual, and 3D NFTs.

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