Singapore, Singapore, August 1st, 2023, Chainwire
Launchpad delivers 142.4% ROI YTD thanks to carefully curated selection of AI projects
Leading IDO launchpad, Enjinstarter, announced today that its stable of AI-powered Web3 projects has earned investors an average ROI of 142.4% YTD in 2023. This puts Enjinstarter firmly in the top 3 of IDO providers worldwide, according to industry-leading ranking service, CryptoRank.
Continued success in Q2 comes on the back of a successful Q1 in which Enjinstarter was ranked by TokenHunter as the top-performing IDO launchpad with an average ROI of 538.49%.
“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,” said Prakash Somosundram, co-founder and CEO of Enjinstarter. “At the beginning of the year, our team correctly identified the growing trend towards 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.”
2023 has been the year of AI. The continued evolution of OpenAI’s GPT algorithm has led 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:
- ChainGPT – Infrastructure enabling the future of Web3 innovation with AI
- Orbofi AI – 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 artificial general intelligence initiative revolutionizing the world of AI and gaming
The top performing IDO launched through Enjinstarter in 2023 is ChainGPT with an ROI of 704% at the time of writing. SophiaVerse is a close second at 602%. Data provided by CryptoRank.
Building on the success of its IDO launchpad, 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…
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