Proof of Usefulness Report

Project Venkman

Analysis completed on 1/28/2026

+535
Proof of Usefulness Score
Industry Mainstay

Project Venkman is a legitimate Web3 loyalty spin-off from theCHIVE, a media giant with 10M+ users and $400M+ lifetime revenue. Despite the user's extremely poor submission (claiming 'everyone' is the audience and 'most people' have used it), external verification confirms significant real-world traction. Key wins include the 'Bill Murray 1000' NFT collection (sold out, ~$180k+ initial volume) and integration with theCHIVE's massive user base. The project leverages Polkadot/Acala and Moonpay. The score reflects high verified utility and reach, heavily penalized by the low quality of the provided input.

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Score Breakdown

Real World Utility+72
Quality Factor Utility+1
Audience Reach Impact+75
Quality Factor Reach+1
Technical Innovation+65
Quality Factor Innovation+1
Evidence Of Traction+70
Quality Factor Traction+1
Market Timing Relevance+55
Quality Factor Timing+1
Functional Completeness+10
Quality Factor Response+0.5
Subtotal+66
Usefulness Multiplierx0.81
Final Score+535

Project Details

Description
Project Venkmanis in the Loyalty Software Industry

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