Proof of Usefulness Report

VerseX

Analysis completed on 1/25/2026

-9
Proof of Usefulness Score
Lab Mode

The project appears to be a dormant or abandoned metaverse initiative from the 2021 hype cycle with no significant verifiable activity. The submission includes demonstrably false claims (e.g., 'most people have used my product') which severely undermines credibility. Market data shows a negligible capitalization (~$50k) and no active user base, contradicting the stated reach. Development appears stalled with no major updates in years.

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Score Breakdown

Real World Utility+1.25
Audience Reach Impact+0.0
Technical Innovation+1.13
Evidence Of Traction-12.5
Market Timing Relevance+0.5
Functional Completeness+0.25
Subtotal-9.37
Usefulness Multiplierx0.96
Final Score-9

Project Details

Project URL
versex.io
Description
VerseX is an open world PC game, set in a futuristic world based in the Metaverse. The core of the Game is based on NFTs minted on the XLS-20 format on the XRPL blockchain. It is a game where everything is tokenizable and most things like property and items in an inventory can be sold or rented on the marketplace or traded with another player. The in-game currency needs to be linked to the native token XVR, which is issued on the XRP Ledger. VerseX is a virtual world where real-life actions, like shopping, online tuition, and streaming, can be replicated. VerseX will revolutionise the way e-commerce works by replicating real-life shopping behaviours into the metaverse. Shoppers will be able to voice chat with their sellers in order to gain trust and product knowledge.

Algorithm Insights

Market Position
Early stage requiring focused development
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