Proof of Usefulness Report

Spanning Labs

Analysis completed on 1/30/2026

+499
Proof of Usefulness Score
Industry Mainstay

Spanning Labs is a high-potential Web3 interoperability project aiming to bridge ownership across blockchains rather than just assets. External verification confirms the project has recruited for roles citing backing from top-tier investors like Galaxy Digital and SignalFire. However, the submission itself is of extremely poor quality, containing hyperbolic and false claims (e.g., 'most people have used my product') and lazy data entry (Audience: 'everyone', Business Type: 'Technical documentation' - likely a categorization error). The score reflects the strong underlying market utility and investor validation, significantly penalized for the lack of verifiable user traction and the low effort of the submission.

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Score Breakdown

Real World Utility+80.0
Audience Reach Impact+40.0
Technical Innovation+75.0
Evidence Of Traction+32.0
Market Timing Relevance+80.0
Functional Completeness+5.0
Subtotal+555
Usefulness Multiplierx0.90
Final Score+499

Project Details

Project URL
Description
Spanning Labs is developing a protocol to enable the bridging of ownership and actions across blockchains. As opposed to bridging assets, ownership bridging allows for multichain applications that can be deployed once on a single trusted chain with minimal setup. Users experience the same functionality, independent of the chain from which they are interacting.\n\nWe aim to free users from the pains of bridging assets, wrapping or unwrapping assets, and creating new wallets on each blockchain. We believe interoperability is the key to achieving massive adoption of Web 3.

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