Proof of Usefulness Report

SimpleHash (YC W22)

Analysis completed on 1/30/2026

+464

Proof of Usefulness Score

Industry Mainstay

SimpleHash is a top-tier NFT data infrastructure provider (YC W22), recently acquired by Phantom (Feb 2025). While the submission text itself was low-effort ('most people have used my product'), the actual real-world utility and traction are exceptional, powering major wallets and marketplaces. The score reflects the high value of the technology and successful exit, adjusted for the lazy submission quality.

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Score Breakdown

Real World Utility+118.75

Audience Reach Impact+85.0

Technical Innovation+90.0

Evidence Of Traction+110.0

Market Timing Relevance+40.0

Functional Completeness+2.5

Subtotal+446.25

Usefulness Multiplierx1.04

Final Score+464

Project Details

Project URL

simplehash.com

Description

SimpleHash allows web3 developers to query all NFT data from a single API. We index multiple blockchains, take care of edge cases, provide a rapid media CDN, and can be integrated in a few lines of code.\n\nWe’re backed by some of the best investors and players in the business, including Y Combinator, Coinbase Ventures, OpenSea Ventures, Funders Club, and a host of extremely accomplished angels, including early employees of Stripe, 0x and Doppler.

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