The cryptocurrency sector may have gone through a fairly rough time over the course of the past few weeks and that had had a negative effect on many of the crypto-related stocks in the market as well.
However, this past Friday some crypto-related stocks did make a comeback and this morning it is Epazz Inc (OTC:EPAZ) which could be a stock that you could consider looking into. It is involved in providing blockchain cryptocurrency-related applications and on top of that, it is involved in the cloud-related software solutions space as well. Back on May 11 the company had come into focus after it made an announcement with regards to its highly ambitious CryObo project in the United Arab Emirates.
The project in question deploys technology in such a way that sunlight could be converted into Bitcoin. At a time when energy consumption in relation to Bitcoin mining has been such a burning issue, such a project could have considerable importance. On May 11, Epazz noted that the project is going to be tokenized so that those who hold the tokens could actually generate income by way of the Bitcoin operations. It was a major new announcement and one that could draw many people to this particular project.
In this context, it is also perhaps necessary to point out that Epazz is working with a wide range of experts who possess a track record of success in similar operations. The money that is going to be generated by way of the tokenization process is going to be used by Epazz for the purpose of land acquisition in Dubai and also to complete the building of the facilities that are going to be necessary to get the project off the ground. It may be a good idea to keep an eye on it.
