Proof of Usefulness Report

Web3 Labs

Analysis completed on 2/1/2026

+465

Proof of Usefulness Score

Industry Mainstay

Web3 Labs is a verified, high-utility entity in the blockchain infrastructure space, known for the widely used Web3j library (1M+ downloads) and enterprise partnerships (Microsoft, JP Morgan). However, the submission itself is of low quality, with hyperbolic and lazy entries for reach ('everyone') and traction ('most people have used my product'). The score reflects the strong underlying reality of the project's utility and technical innovation, significantly penalized by the lack of verifiable detail in the specific form fields provided.

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Score Breakdown

Real World Utility+212.5

Audience Reach Impact+60.0

Technical Innovation+120.0

Evidence Of Traction+100.0

Market Timing Relevance+70.0

Functional Completeness+5.0

Subtotal+567.5

Usefulness Multiplierx0.82

Final Score+465

Project Details

Project URL

web3labs.com

Description

Web3 Labs is a leading blockchain technology company. \n\nWe develop blockchain software and work with companies to help them succeed with blockchain deployments. Our clients include Microsoft, J.P. Morgan, ConsenSys and R3. Our open source blockchain library Web3j has been downloaded nearly 1 million times, and our Epirus Blockchain Explorer is widely used by enterprises for reporting and supporting their blockchain deployments. In 2020, we were a runner up in Microsoft’s Partner of the year awards too.

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