Enjinstarter, a leading IDO launchpad, has achieved remarkable success with its AI-powered Web3 projects, delivering an impressive return on investment (ROI) of 142.4% year-to-date (YTD) in 2023. This outstanding performance has placed Enjinstarter among the top 3 IDO providers globally, according to CryptoRank, an industry-leading ranking service.
Enjinstarter’s success in the second quarter builds upon its outstanding achievements in the first quarter, where it was recognized as the top-performing IDO launchpad by TokenHunter, with an average ROI of 538.49%.
The primary objective of Enjinstarter is to bring maximum value to its IDO participants. To achieve this, the company conducts a meticulous evaluation of each launchpad applicant, curating a selection of projects poised to revolutionize the industry. Recognizing the growing trend towards generative artificial intelligence (AI), Enjinstarter capitalized on this opportunity early in the year, and its overall success can be attributed to its ability to identify and support the best AI-powered Web3 projects.
The year 2023 has undeniably been a year of AI, driven by the continuous evolution of OpenAI’s GPT algorithm. This advancement has led to an influx of generative AI-powered applications. Out of the 13 IDOs conducted by Enjinstarter this year, an impressive 8 leverage the power of AI. Among these, the top-performing IDO launched through Enjinstarter in 2023 is ChainGPT, boasting an ROI of 704% at the time of writing, closely followed by SophiaVerse with an ROI of 602%. These promising results have been obtained through meticulous analysis and data provided by CryptoRank.
Building upon the success of its IDO launchpad, Enjinstarter has ambitious plans for expansion. It intends to establish two additional launchpads: an INO platform connecting utility-driven NFT projects with investors, and a platform designed specifically for Web3 climate startups to raise funds from impact investors.
Looking ahead, Enjinstarter has already lined up five exciting IDO projects in its pipeline: SeaPad, Kvants AI, Boss Fighters, AITECH, and Backstage. Furthermore, the company is preparing to release a groundbreaking storytelling AI NFT game based on an advanced earth concept. Players will engage in quests and battles throughout the Enjinstarter ecosystem, gathering resources and earning rewards.
Since its inception in 2021, Enjinstarter has successfully supported over 80 Web3 projects and platforms. The company boasts a collective community of more than 200,000 individuals across various social platforms and manages localized communities in South East Asia, India, Turkey, Spain, North America, and Indonesia.
In addition to its IDO launchpad, Enjinstarter has established a thriving Web3 Innovation Consulting practice that collaborates with brands, large corporations, and Web2 companies seeking to develop a Web3 strategy. Notable clients supported by Enjinstarter include Hatten Land and GCEX. Enjinstarter is also a member of the Open Metaverse Alliance.
Enjinstarter recently raised US$5 million in its Series A funding round from True Global Ventures 4 Plus, an equity venture capital firm investing in serial tech entrepreneurs globally. Furthermore, the company has received initial approval from Dubai’s Virtual Assets Regulatory Authority, indicating significant progress towards obtaining full permission to operate within Dubai.
Enjinstarter’s remarkable results in the AI sector and its commitment to delivering value to participants demonstrate its determination to revolutionize the Web3 industry. With its expansion plans and exciting projects on the horizon, Enjinstarter is poised to continue its trajectory of success and contribute to the ongoing evolution of the Web3 landscape.
