Enjinstarter, a leading IDO launchpad, has announced impressive returns on its AI-powered Web 3.0 projects, achieving a 142.4% average return on investment (ROI) in 2023. This success has positioned Enjinstarter among the top three IDO providers worldwide, according to CryptoRank, a renowned ranking service in the industry.
The significant achievements in the second quarter follow a successful first quarter, during which Enjinstarter was recognized by TokenHunter as the top-performing IDO launchpad, boasting an average ROI of 538.5%. Enjinstarter’s co-founder and CEO, Prakash Somosundram, attributes this success to the platform’s meticulously curated selection of projects, designed to revolutionize the industry.
At the start of the year, Enjinstarter’s team identified the growing trend of generative AI and swiftly adapted, aligning their projects with this emerging technology. Out of the 13 initial decentralized offerings (IDOs) carried out by Enjinstarter in 2023, eight have leveraged the power of AI.
ChainGPT, launched through Enjinstarter, currently holds the position of the top-performing IDO in 2023, boasting an impressive ROI of 704%. SophiaVerse follows closely behind with an ROI of 602%. These statistics were sourced from CryptoRank.
Building on the success of its IDO launchpad, Enjinstarter has plans to establish two additional launchpads. The first launchpad will connect utility-driven NFT projects with potential investors, and the second will focus specifically on Web 3.0 climate startups, allowing them to raise funds from impact investors.
Looking ahead, Enjinstarter has five IDO projects in the pipeline, including SeaPad, Kvants AI, Boss Fighters, AITECH, and Backstage. Furthermore, the platform is preparing to release an extensive storytelling AI NFT game centered around an advanced earth concept, where factions embark on quests and battles, earning rewards and gathering resources within the Enjinstarter ecosystem.
Since its inception in 2021, Enjinstarter has successfully launched over 80 Web 3.0 projects and platforms. The company has attracted a collective community of more than 200,000 members across various social platforms and has established localized communities in South East Asia, India, Turkey, Spain, North America, and Indonesia.
In addition to its IDO launchpad, Enjinstarter offers Web 3.0 Innovation Consulting services, catering to brands, large corporates, and Web 2.0 companies seeking to develop strategies within the Web 3.0 space. Notable clients include Hatten Land and GCEX. Enjinstarter is also a proud member of the Open Metaverse Alliance.
To enhance its growth and operations, Enjinstarter recently raised $5 million in a Series A funding round from True Global Ventures Four Plus, an equity venture capital firm known for investing in serial tech entrepreneurs globally. Additionally, the company has received initial approval from Dubai’s Virtual Assets Regulatory Authority, signaling progress in obtaining full permission to operate within the Dubai market.
Enjinstarter’s continued success in the Web 3.0 space showcases its commitment to delivering maximum value to IDO participants and highlights its ability to identify and support innovative projects within the AI-powered domain. With its future endeavors and expansion plans, Enjinstarter is poised to maintain its position as a leading platform in the evolving world of Web 3.0.
