Proof of Usefulness Report

Utopia Labs

Analysis completed on 2/1/2026

+631
Proof of Usefulness Score
Category Standard

The project 'Utopia Labs' is a highly successful, verifiable entity that was acquired by Coinbase in late 2023/2024 to accelerate onchain payments. It raised over $25M from top-tier investors (Paradigm, Coinbase Ventures) and solved critical payroll/compliance problems for DAOs. However, this specific submission appears to be low-effort or automated (submitter name 'SwiftHunter', false claims like 'most people have used my product', and 'everyone' audience). While the project's intrinsic value is exceptional (Proof of Usefulness is high), the score is penalized by the poor quality of the submission evidence.

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Score Breakdown

Real World Utility+22.5
Audience Reach Impact+12.0
Technical Innovation+12.75
Evidence Of Traction+11.88
Market Timing Relevance+9.0
Functional Completeness+0.5
Subtotal+68.63
Usefulness Multiplierx0.92
Final Score+631

Project Details

Project URL
utopialabs.com
Description
We're building the modern system for managing + automating contributor payments, expenses, and reporting for DAO, right on top of their treasuries.\n\nUtopia allows DAOs to:\nAutomate payroll\nSchedule recurring payments to team members and core contributors in USD or token values. Set it and forget it with customizable start and end dates.\n\nManage expenses\nEmpower contributors with frictionless expense and reimbursement requests that can be accepted for signing by any admin.\n\nMaintain transparency\nUtopia analytics dashboard (coming soon) gives members full transparency into real-time financial reporting and treasury management.\n\nEnsure compliance\nUtopia offers a suite of compliance features, including tax withholdings on local, state, and federal levels in 11,000+ tax jurisdictions and end-of-year W2 \u0026 1099 filing:\n\nAnd so much more! Check out our website (utopialabs.com), blog (https://mirror.xyz/utopialabs.eth), and twitter(@utopialabs_) to learn more about what we're building.

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