Insights Network(INSTAR)

[PRESS RELEASE – Singapore, Singapore, August 1st, 2023] Launchpad delivers 142.4% ROI YTD thanks to a carefully curated selection of AI projects Leading IDO launchpad, Enjinstarter, announced today that its stable AI-powered Web3 projects have earned investors an average ROI of 142.4% YTD in 2023. This puts Enjinstarter firmly in the top 3 of IDO […]

Singapore, Singapore, August 1st, 2023, ChainwireLaunchpad delivers 142.4% ROI YTD thanks to carefully curated selection of AI projectsLeading 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 AIOrbofi AI - Advanced platform for creating AI-generated content and fine-tuned AI models.Eldarune - AI-powered RPG with PvE and PvP modesCogito Protocol - A decentralized and AI-driven tracercoin called GCOINKAIF Platform - AI-powered decentralized society (DeSoc) platform.HyperGPT - A Web3-based AI marketplaceDexCheck - AI-boosted analytics for crypto and NFT tradingSophiaVerse - An advanced artificial general intelligence initiative revolutionizing the world of AI and gamingThe 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 specifically designed for Web3 climate startups to raise funds from impact investors.Looking ahead, Enjinstarter has 5 IDO projects in the pipeline: SeaPad, Kvants AI, Boss Fighters, AITECH, and Backstage. It is also planning the release of an expansive storytelling AI NFT game based on an advanced earth concept where factions are embarking on quests and battles throughout the Enjinstarter ecosystem to gather resources and earn rewards.To date, the company has helped launch over 80 Web3 projects and platforms since its inception in 2021.For further media enquiries, please contact:[email protected] EnjinstarterLaunched in 2021, Enjinstarter is a next-generation ecosystem and launchpad for promising Web3 gaming, entertainment and metaverse projects. They have supported 70 companies sinceinception. 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. They have also launched dedicated market-launchers for North America and Indonesia.Enjinstarter also has a fast growing Web3 Innovation Consulting practice that works with brands, large corporates and Web2 companies looking to develop a Web3 strategy. Clients that they have supported include Hatten Land and GCEX. Enjinstarter is also a member of the Open Metaverse Alliance.Enjinstarter raised US$5 million in their Series A round from True Global Ventures 4 Plus, an equity venture capital firm that invests in serial tech entrepreneurs globally. The company has also received initial approval from Dubai’s Virtual Assets Regulatory Authority, indicating progress in obtaining full permission to operate within Dubai.Get connected with Enjinstarter:https://linktr.ee/enjinstarterContactSocial Media LeadChris Sylvester [email protected]

Palo Alto, CA, June 19th, 2023, ChainwireEnya Labs, the core contributor to Boba Network, a multichain layer 2 optimistic rollup solution aimed at unlocking the potential of rollup technology and enabling interoperability between blockchains and the real world, is proud to announce a new strategic partnership with Enjinstarter, an innovative launchpad, incubator, and advisory for Web3 gaming, entertainment, and metaverse projects. This strategic partnership is committed to bolstering the development and advancement of the Web3 ecosystem.Since its inception in 2021, Enjinstarter has supported over 70 companies and cultivated a diverse community of more than 200,000 across multiple social platforms. It provides unique market access in South East Asia, India, Turkey, Spain, North America, and Indonesia. Enjinstarter also runs a successful Web3 innovation consulting practice, guiding brands, large corporates, and Web2 companies to formulate effective Web3 strategies.As part of the agreement, Enjinstarter will integrate Boba Network into its launchpad, introduce projects to the Boba Network ecosystem, and explore organizing gamer acquisition initiatives and tournaments. Concurrently, Enya Labs pledges to back the integration of Boba Network into the Enjinstarter launchpad, detail a comprehensive plan on ecosystem development and marketing, and potentially offer investment support and integration for appropriate games and projects. Both parties also plan to explore additional avenues for ecosystem development efforts and funding opportunities.Boba Network's multichain Layer 2 solution enhances the compatibility and interoperability of blockchains with the real world. Its revolutionary HybridCompute™ is a groundbreaking innovation that marries siloed Web2 data with Web3 protocols, decentralized applications, and smart contracts. With just one line of code, access the existing Web2 systems and open the door to a realm of boundless opportunities.Curtis Schlaufman, Head of Global Marketing at Enya Labs - Boba Network's Core Contributor, emphasizes, "Our partnership with Enjinstarter aligns perfectly with our vision. We are excited about the possibilities this partnership brings, especially for innovative developers and initiatives in the Boba ecosystem.""In this partnership, Enjinstarter is committed to supporting projects to build on the Boba Network by providing our suite of services. Furthermore, we aim to introduce Boba Network as a potent chain to develop on, thus enhancing its reach and impact," says a representative from Enjinstarter.About Enya LabsFounded by a team of Stanford faculty and alumni, Enya Labs is an innovator of software frameworks specializing in distributed systems engineering and application development. The Company serves clients and organizations by helping their partners leverage their existing business to unlock new opportunities enabled by hybrid blockchain solutions.Enya Labs is a core contributor to Boba Network, the only multichain layer-2 blockchain scaling solution and the only smart contract platform that enables Web3-Web2 interoperability. Boba Network improves the performance and lowers the transaction cost of base-layer blockchains by 40x-100x. Its unique Hybrid Compute technology allows smart contracts to call any off-chain API, giving developers the best of both the Web3 and the Web2 worlds to build the most compelling decentralized applications possible.For more information on Enya Labs and Boba Network visit: www.enya.ai, boba.networkAbout EnjinstarterEnjinstarter is a next-generation launchpad, incubator, and advisory platform for Web3 gaming, entertainment, and metaverse projects. With extensive experience and a robust community, Enjinstarter propels forward-thinking companies into the Web3 era.ContactMark [email protected]