- Summary:
- Enjinstarter has attributed its success to its focus on AI. It currently has 8 AI-powered IDO products, with two launchpads in the pipeline.
Enjinstarter, the IDO launchpad, has revealed that the average return on investment (ROI) for its AI-powered Web3 initiatives so far in 2023 is 142.4%. The launchpad says that its team forecasted the global shift towards generative AI at the beginning of the year and acted accordingly. Furthermore, it has attributed this year’s success to its ability to identify the most promising of the many Web3 projects that employ artificial intelligence.
The Enjinstarter mission and the tilt toward AI
Enjinstarter, which launched in 2021, is an ecosystem and springboard for innovative Web3 games, shows, and metaverse project. They raised $ 5 million in their Series A funding round and have supported 70 companies since inception. The Enjinstarter ecosystem now manages localised communities in South East Asia, India, Turkey, and Spain, with a total community size of over 200,000.
TokenHunter named Enjinstarter the best performing IDO launchpad in Q1 with an average ROI of 538.49%, and the platform continued to perform well in Q2. Based on their YTD performance, Enjinstarter is now ranked by CryptoRank as one of the top three IDO providers globally.
2023 has been the year of AI, with ChatGPT sparking the fire. Enjinstarter has held 13 IDOs so far this year, and 8 of them are based on AI. ChainGPT, an IDO released in 2023 via Enjinstarter, has the highest return on investment (ROI) at 704% as of this writing. In second place, at 602%, is SophiaVerse, according to CryptoRank. Enjinstarter also offers these AI-powered services:
- Orbofi AI: A platform used to develop AI-generated content and AI models.
- Eldarune: an AI-driven RPG with both PvE and PvP combat.
- The Cogito Protocol, often known as GCOIN, is a tracercoin that is both decentralised and AI-driven.
- The KAIF Platform is an artificial intelligence (AI)-driven DeSoc platform.
- HyperGPT, an artificial intelligence marketplace on Web3
- DexCheck: AI-enhanced crypto and NFT trading analytics.
Enjinstarter hopes to expand on the success of its initial launchpad, IDO, by launching two additional launch pads. The first is an INO platform for connecting utilities and investors in NFT projects. The second is an online hub for Web3 climate startups to get the attention and financial backing of impact investors.