Singapore-based IDO launchpad, Enjinstarter, announced today that its AI-powered Web3 projects have earned investors an average ROI of 142.4% YTD in 2023. This places the company in the top 3 of IDO providers worldwide, according to CryptoRank.
This success follows a successful Q1, in which Enjinstarter was ranked by TokenHunter as the top-performing IDO launchpad with an average ROI of 538.49%.
Prakash Somosundram, co-founder and CEO of Enjinstarter, commented: “Our team correctly identified the growing trend towards generative AI and was quick to adapt. 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.”
2023 has seen the continued evolution of OpenAI’s GPT algorithm, leading to a proliferation of generative AI-powered apps. Of the 13 IDOs conducted by Enjinstarter so far this year, 8 leverage the power of AI. These include ChainGPT, Orbofi AI, Eldarune, Cogito Protocol, KAIF Platform, HyperGPT, DexCheck, and SophiaVerse.
The top performing IDO launched through Enjinstarter in 2023 is ChainGPT with an ROI of 704%, followed by SophiaVerse at 602%.
Enjinstarter plans to build two additional launchpads. The first is an INO platform to connect utility-driven NFT projects with investors. The second is a platform specifically designed for Web3 climate startups. They have 5 IDO projects currently in the pipeline and are planning the release of an expansive storytelling AI NFT game.
Since its inception in 2021, Enjinstarter has helped launch over 80 Web3 projects and platforms. They have a collective community of more than 200,000 across various social platforms and manage localised communities in South East Asia, India, Turkey and Spain.
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