Enjinstarter, a leading IDO launchpad, has achieved impressive returns for investors through its AI-powered Web3 projects. The platform has delivered an average ROI of 142.4% year-to-date in 2023, firmly establishing itself among the top three IDO providers globally. This ranking comes from CryptoRank, a renowned industry-ranking service.
Enjinstarter’s success in the second quarter builds upon a strong first quarter performance, where the platform was ranked as the top-performing IDO launchpad by TokenHunter. During that period, Enjinstarter provided investors with an average ROI of 538.49%.
CEO Prakash Somosundram emphasized the company’s commitment to delivering maximum value to participants in IDOs. Enjinstarter conducts extensive evaluations of every launchpad applicant to curate a selection of projects poised to revolutionize the industry. The team’s early recognition of the growing trend towards generative AI has been instrumental in their overall success this year.
In 2023, the prominence of AI has continued to rise. OpenAI’s GPT algorithm has driven the proliferation of generative AI-powered applications. Out of the 13 IDOs facilitated by Enjinstarter so far this year, eight leverage the power of AI. The top-performing IDO through Enjinstarter in 2023 is ChainGPT, boasting an ROI of 704%, while SophiaVerse closely follows with an ROI of 602%.
Building on the achievements of its IDO launchpad, Enjinstarter has plans to establish two additional launchpads. The first platform aims to connect utility-driven NFT projects with investors through an INO platform. The second launchpad will specifically cater to Web3 climate startups seeking funding from impact investors.
Enjinstarter already has five IDO projects in the pipeline, including SeaPad, Kvants AI, Boss Fighters, AITECH, and Backstage. Additionally, the company is developing an expansive storytelling AI NFT game set in an advanced earth concept. In this game, various factions embark on quests and battles throughout the Enjinstarter ecosystem to earn rewards and gather resources.
Since its establishment in 2021, Enjinstarter has been instrumental in launching over 80 Web3 projects and platforms. The company has fostered a collective community of over 200,000 members across different social platforms. Enjinstarter also manages localized communities in South East Asia, India, Turkey, Spain, as well as dedicated market launchers for North America and Indonesia.
In addition to their IDO launchpad, Enjinstarter has gained traction with their Web3 Innovation Consulting practice. This consulting arm collaborates with brands, large corporates, and Web2 companies, helping them develop effective strategies for Web3 adoption. Notable clients include Hatten Land and GCEX. Furthermore, Enjinstarter has proudly joined the Open Metaverse Alliance, further solidifying its involvement in the Web3 space.
