Proof of Usefulness Report

Wattpad

Analysis completed on 2/1/2026

+650
Proof of Usefulness Score
Category Standard

Wattpad is a globally established platform with immense real-world utility and traction (90M+ users, $600M acquisition). However, the specific submission provided is of extremely low quality, featuring questionable claims (e.g., 'space-technology') and vague evidence ('most people'). While the underlying project is a market leader, the score is penalized by the lack of effort and accuracy in the submission data, relying heavily on external verification of the brand's known status.

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Score Breakdown

Real World Utility+237.5
Audience Reach Impact+152.0
Technical Innovation+45.0
Evidence Of Traction+190.0
Market Timing Relevance+80.0
Functional Completeness+2.5
Subtotal+707
Usefulness Multiplierx0.92
Final Score+650

Project Details

Project URL
wattpad.com
Description
Wattpad is a global multi-platform entertainment company and online community for readers and writers. Founded in 2006, Wattpad provides a space where users can discover and share stories across various genres, including romance, science fiction, fantasy, and more. The platform allows writers to publish their work and connect with a vast audience, while readers can enjoy a diverse range of content for free. Wattpad has become a launching pad for new authors, with many stories being adapted into books, films, and television series. The company is headquartered in Toronto, Canada, and continues to innovate in the digital storytelling space, fostering a creative community that spans the globe.

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