Proof of Usefulness Report

Web3Auth

Analysis completed on 2/1/2026

+321
Proof of Usefulness Score
Certified Problem Solver

Web3Auth (formerly Torus) is a Tier-1 infrastructure provider in the blockchain space with significant VC backing (Binance, Coinbase, Multicoin) and widespread adoption. However, this specific submission was extremely low-quality, providing vague, hyperbolic claims ('most people have used my product') and zero verifiable data, forcing the evaluator to rely on external knowledge. While the project utility and market fit are exceptional (solving seed phrase friction), the 'Evidence of Traction' and 'Response Quality' scores were heavily penalized due to the lazy submission format. The final score reflects a balance between the project's massive real-world success and the poor quality of the application data.

Ready to Compete for $150k+ in Prizes?

Move this data into a HackerNoon blog draft to become eligible for your share of $150k+ in cash and software prizes

View All Reports

Score Breakdown

Real World Utility+138.0
Audience Reach Impact+72.0
Technical Innovation+52.8
Evidence Of Traction+42.5
Market Timing Relevance+38.0
Functional Completeness+2.0
Subtotal+345.3
Usefulness Multiplierx0.93
Final Score+321

Project Details

Project URL
Description
Web3Auth exists to make digital ownership and identity human-centric and accessible to everyone. \n\nOur company is funded by companies like Binance, Coinbase, Multicoin and many other VCs in the fintech/blockchain space.\n\nWe aim to provide simple and secure access to digital assets and identity across multiple platforms and applications \u0026 to provide a user-friendly and non-custodial approach to managing assets and identity.\n

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