Epazz's CryObo NFT Project in UAE Will be Using Solar Power Technology to Convert Sunlight into Bitcoin

Rhea-AI Summary

Epazz Inc. (EPAZ) announced its CryObo Project in the UAE, which aims to utilize solar power for Bitcoin mining and enable real estate tokenization. Token holders will benefit from income generated through this innovative approach, providing opportunities for real estate developers to secure better capital-raising terms. The company is positioning Dubai as the pilot city for this initiative. As part of its technological advancement, Epazz will enhance its platform for easier access to token markets for asset-backed companies, adapting to evolving regulations linked to cryptocurrency assets.

Positive

• CryObo Project leverages solar power for sustainable Bitcoin mining.
• Real estate tokenization allows developers to raise capital on favorable terms.
• Token holders will receive income from generated revenue.
• Dubai is designated as the pilot city for CryObo technology implementation.

Negative

• None.

Token Holders will get a share in the income generated from the tokenization of Real Estate Property

CHICAGO, March 15, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Epazz Inc. (OTC Pink: EPAZ), a mission-critical provider of blockchain cryptocurrency mobile apps and cloud-based business software solutions, announced today that CryObo Project in UAE would be using solar power technology to convert sunlight into Bitcoin. The company is in the process of registration with the United Arab Emirates for cryptocurrency operations. 

CryObo real estate tokenization will allow real estate developers to raise capital at better terms and let the token holder boost appraisals of the tokens and earned income. It provides the opportunity to match public market demand by reaching commercial real estate companies, asset managers, private investors, investment funds, financial consultants, banking institutions, and more. Token holders will get a share in the income generated.  

The Epazz CryObo technology will use Solar Power for sustainable Bitcoin mining and NFT tokens for real estate tokenization. The company is creating a cooling technology to control the underground servers' temperature.

Shaun Passley, Ph.D., Epazz Inc. CEO, and Chairman, said, "We anticipate the taking off of the CryObo technology this year and Dubai as the pilot city to implement the real estate tokenization system."

About CryObo Inc.

CryObo Inc. will be enhancing its software to give early access to companies backed by tangible assets an easy way to access the token markets. The company's platform will change how people transact real estate, digital assets, corps, and raw materials by allowing companies to access the future value of their assets. The growth of Bitcoin and other cryptocurrencies is bringing new regulations for large financial service companies, which will require an intelligent solution to manage their growing portfolios.

About Epazz Inc. (www.epazz.com)

Epazz Inc. is a leading cloud-based software company specializing in providing customized cloud applications to the corporate world, higher-education institutions, and the public sector. Epazz BoxesOS v3.0 is the complete business web-based software package for small to midsize businesses, Fortune 500 enterprises, government agencies, and higher education institutions. BoxesOS provides a combination of many web-based applications that an organization would otherwise need to purchase separately. Epazz's other products are DeskFlex (room scheduling software) and Provitrac (applicant-tracking system).

SAFE HARBOR

The "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Certain statements contained in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally can be identified by the use of forward-looking languages, such as "may," "expect," "intend," "estimate," "anticipate," "believe," and "continue," the negative thereof or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause the actual results to differ materially from future results or those implied by such forward-looking statements. Investors are cautioned that any forward-looking statements are not guarantees of future performance, and actual results may differ materially from those contemplated by such forward-looking statements. Epazz Inc. assumes no obligation and has no intention of updating forward-looking statements. It has no obligation to update or correct information prepared by third parties that are not paid for by Epazz Inc. Investors are encouraged to review Epazz Inc.'s public filings on SEC.gov and otcmarkets.com, including its unaudited and audited financial statements and its OTC Markets filings, which contain general business information about the results of its operations, and risks associated with the company and its operations.

Contact

For more information, please contact

 Investor Relations

 investors@epazz.net

 312-955-8161

 www.epazz.com

FAQ

What is Epazz Inc.'s CryObo Project?

The CryObo Project by Epazz Inc. focuses on using solar power for Bitcoin mining and enabling real estate tokenization, allowing investors to earn income from tokenized real estate.

How will CryObo benefit token holders?

Token holders will receive a share of the income generated from the tokenization of real estate properties.

When was the CryObo Project announced by Epazz?

The CryObo Project was announced on March 15, 2022.

What city will be the pilot for the CryObo technology?

Dubai has been chosen as the pilot city for implementing the CryObo technology.

How does Epazz plan to enhance its platform for token markets?

Epazz plans to upgrade its software to facilitate easier access to token markets for companies with tangible assets.