Enjinstarter’s AI-powered IDOs top charts

Singapore, Singapore, Aug. 1, 2023, Chainwire

 Enjinstarter, an initial DEX offering (IDO) launchpad, has today revealed that its artificial intelligence (AI)-powered web3 projects have earned investors an average return on investment (ROI) of 142.4% YTD in 2023, placing them in the top-3 of IDO providers, according to CryptoRank. 

In Q1, Enjinstarter was ranked as one of the top-performing IDO launchpads registering an average ROI of 538.49%, according to TokenHunter. This spilled over to Q2.

Prakash Somosundram, co-founder and CEO of Enjinstarter, said:

“Our number one goal is to deliver maximum value to our IDO participants. We conduct an exhaustive study of every launchpad applicant to bring our token holders a carefully curated selection of projects set to revolutionize the industry. At the beginning of the year, our team correctly identified the growing trend toward generative AI and was quick to adapt. Our overall success this year can be attributed to our team’s ability to find the best among a proliferation of AI-powered web3 projects.”

This year, AI has dominated with the advancement of OpenAI’s GPT algorithm and the rise of AI-powered apps. 

Enjinstarter’s 13 IDOs have seen 8 utilize AI.

They include:

• ChainGPT -infrastructure enabling the future of web3 innovation with AI
•  Orbofi AI – an advanced platform for creating AI-generated content and fine-tuned AI models.
•  Eldarune – AI-powered RPG with PvE and PvP modes
•  Cogito Protocol – a decentralized and AI-driven tracercoin called GCOIN
•  KAIF Platform – AI-powered decentralized society (DeSoc) platform.
•  HyperGPT – a web3-based AI marketplace
•  DexCheck – AI-boosted analytics for crypto and NFT trading
•  SophiaVerse – an advanced initiative revolutionizing the world of AI and gaming

According to CryptoRank, the IDO with the highest ROI on Enjinstarter in 2023 is ChainGPT at 704%, followed by SophiaVerse at 602%. 

Enjinstarter is expanding its launchpad offerings with two new platforms: an INO platform for connecting utility-driven NFT projects with investors and another for web3 climate startups to raise funds from impact investors.

Enjinstarter has 5 IDO projects in the pipeline: SeaPad, Kvants AI, Boss Fighters, AITECH, and Backstage. 

The platform is also preparing to launch a storytelling game using AI non-fungible token (NFT) technology. The game will be based on an earth concept, where factions will go on quests and battles in the Enjinstarter ecosystem to collect resources and earn rewards. 

Enjistarter has helped launch over 80 web3 projects and platforms since its establishment in 2021.

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About Enjinstarter

Enjinstarter is a platform for web3 gaming, entertainment, and metaverse projects that launched in 2021. They have supported 70 companies and have a community of over 200,000 across different social platforms. 

Enjinstarter also offers web3 Innovation Consulting services for brands and large corporates. It also assists web2 companies in developing a web3 strategy. 

They have worked with clients such as Hatten Land and GCEX. 

Enjinstarter raised $5 million in their Series A round from True Global Ventures 4 Plus and has received initial approval from Dubai’s Virtual Assets Regulatory Authority (VARA) to operate within Dubai.

Get connected with Enjinstarter: https://linktr.ee/enjinstarter

Contact

Social Media Lead

Chris Sylvester Basil

Enjinstarter

[email protected]