Presence Labs (Canopi/The Metaweb) is a legitimate but early-stage project building a 'social overlay' for the web, validated by an EU Next Generation Internet (NGI) award. However, the submission is severely penalized for making the demonstrably false claim that 'most people have used my product' (reach is actually niche/prototype). While the technical concept of a browser-agnostic social layer is innovative and backed by published work (The Metaweb book, Bridgit DAO), the project currently lacks significant mainstream adoption or revenue to support a higher score. The 'marketcap' figure likely refers to a crypto token valuation rather than verified revenue.
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
Score Breakdown
Project Details
Algorithm Insights
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