Epazz’s CryObo Technology is Benefiting from New Regulations in Dubai, UAE for Tokenization of Real Estate Into Bitcoin

Rhea-AI Summary

Epazz Inc. (EPAZ) has announced that its subsidiary, CryObo, will leverage new regulations in Dubai, UAE, enabling it to acquire land and establish cryptocurrency companies. CryObo plans to launch a crowdfunding campaign for real estate projects and a non-fungible tokens (NFT) marketplace later this year. This initiative aims to help real estate developers raise capital efficiently and provide liquidity to token holders by linking NFTs to real assets, allowing access to future property values.

Positive

• CryObo is set to benefit from new regulations in Dubai, enabling it to acquire land and establish cryptocurrency firms.
• The launch of a non-fungible tokens marketplace for real estate is planned for later this year.
• CryObo's technology could allow real estate developers to secure better capital-raising terms.

Negative

• None.

CryObo Technology is Tokenization of Real Estate Development Properties Into Secured Tokens

CHICAGO, March 10, 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 is benefiting from new regulations in Dubai, UAE. These new regulations allow CryObo to acquire lands and set up cryptocurrency companies. CryObo is forming companies to create a crowdfunding campaign for its first set of real estate projects. 

CryObo will launch a non-fungible tokens marketplace for real estate deals later this year. The company is in the process of creating the white paper for its first project. 

CryObo uses NFTs linked with real assets to provide liquidity to token holders and help real estate developers raise capital for their projects.

CryObo’s goal is for real estate deals to access the future value of properties once the land is developed and buildings are constructed. This technology would allow real estate developers to raise capital at better terms and allow token holders to realize the increased value of their tokens and earned income.

Shaun Passley, Ph.D., Epazz Inc. CEO and chairman, said, “We have been setting up the companies to take CryObo to the next level to allow for the average retails to benefit from new real estate projects.”

About CryObo Inc.

CryObo Inc. will enhance its software to give early access companies backed by real assets an easy way to access 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 a smart solution to manage their growing portfolios.

About Epazz Inc. (www.epazz.com)

Epazz Inc. is a leading cloud-based software company that specializes 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 of the web-based applications that an organization would otherwise need to purchase separately. Epazz’s other products are DeskFlex (room scheduling software) and Provitrac (an applicant-tracking system).

SAFE HARBOR

In following 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 language, such as “may,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “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 company’s operations, 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 CryObo technology announced by Epazz Inc.?

CryObo enables the tokenization of real estate properties into secured tokens, facilitating access to capital for developers.

How will Epazz Inc. utilize new regulations in Dubai?

Epazz Inc. plans to utilize new regulations to acquire land and set up cryptocurrency companies through its subsidiary CryObo.

When is the NFT marketplace for real estate deals expected to launch?

The non-fungible tokens marketplace for real estate deals by CryObo is set to launch later this year.