Epazz's CryObo Will Launch Non-Fungible Tokens (NFT) Marketplace for Real Estate Deals Early Next Year
Epazz Inc. (EPAZ) announced plans to launch a Non-Fungible Token (NFT) marketplace for real estate through its subsidiary CryObo. The platform aims to link NFTs with real estate assets, providing liquidity to token holders and aiding developers in capital raising. The initiative intends to enhance access to capital for real estate developers by leveraging future property values, offering better terms for fundraising. CEO Shaun Passley emphasized the potential for token holders to access new, asset-backed deals. The marketplace is expected to launch early next year.
- Launch of NFT marketplace for real estate could enhance capital access for developers.
- Linking NFTs with real assets may provide liquidity and improved fundraising conditions.
- The development and launch of the platform are subject to risks and uncertainties.
- No specific financial metrics or deal details were provided, raising concerns about the project's viability.
CHICAGO, Dec. 02, 2021 (GLOBE NEWSWIRE) -- Through Tokenization of Development Properties, Real Property Secured Tokens
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 will launch Non-Fungible Tokens (NFT) marketplace for real estate deals early next year. The company is working on completing the platform and finding initial real estate deals.
CryObo uses Non-Fungible Tokens that are linked with real assets to provide liquidity to token holders and help real estate developers raise capital for their projects.
The goal of CryObo 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 the token holders to experience the increased value of their tokens and earned income.
Shaun Passley, Ph.D., Epazz Inc. CEO, and chairman, said, “CryObo will help to provide access to capital for real estate developers and provide token holders access to new deals backed by real assets.”
About CryObo Inc.
CryObo Inc. will be enhancing its software to give early access companies backed by real 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 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 (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 language, 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 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
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