Proof of Usefulness Report

Pine Street Labs

Analysis completed on 1/27/2026

+258
Proof of Usefulness Score
Gaining Momentum

Pine Street Labs is a legitimate, venture-backed ($6M Seed led by Polychain Capital in 2022) blockchain infrastructure company building 'walletOS'. However, the submission itself is of extremely low quality, providing no verifiable data and using a likely personal handle ('AncientShade') instead of professional details. While the project has high real-world utility and strong technical innovation (enterprise wallet management across 12+ chains), the complete lack of user adoption metrics in the submission and the quiet public profile since 2022 necessitates a conservative score. The score reflects the verified potential of the technology and capital backing, heavily penalized for the poor response quality and lack of current traction evidence.

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+21.25
Audience Reach Impact+10.0
Technical Innovation+12.75
Evidence Of Traction+14.0
Market Timing Relevance+7.5
Functional Completeness+0.25
Subtotal+65.75
Usefulness Multiplierx3.92
Final Score+258

Project Details

Description
Pine Street Labs builds software tools and products to democratize and grow network participation and usage of public blockchains

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