Anyone who might be looking into crypto related stocks could do well to take a look into the Epazz Inc (OTCMKTS:EPAZ) stock. The stock may have been trading within a range on Thursday but the company also made a key announcement. Epazz, which is mainly involved in creating cryptocurrency blockchain apps and cloud powered business software, announced yesterday that it was getting into the creation of non-fungible tokens.
On Thursday, EPAZ stock increased 1.32% to $0.0077 with more than 5.59 million shares, compared to its average volume of 4.06 million shares. The stock moved within a range of $0.0076 – 0.0103 after opening trade at $0.0076.
Epazz CryObo Technology Will Issue NFTs and Tokens Backed with Real Estate Assets, Intellectual Property Rights and Metaverse Projects of the Company
The company noted that the tokens it would create are going to be aimed towards the monetisation of intellectual properties and for the expansion of certain other projected at Epazz.
Over the course of the past year, NFTs have emerged as one of the more lucrative sectors of the digital asset industry and the decision to enter that industry could well prove to be a major boost for Epazz in the long run. The company noted that it was engaged in discussion with a number of experts on the Metaverse space in order to get this project off the ground. It may be a good idea for investors to consider keeping the stock in their watch lists and watch for the developments regarding this project in the coming weeks.
Shaun Passley, Ph.D., Epazz Inc. CEO, and Chairman, said, “The Epazz CryObo blockchain technology will back up cryptocurrencies with intellectual and real estate properties generating value and liquidity for Bitcoin and non-fungible tokens.”
EPAZ stock is trading below the 20-Day and 50-Day Moving averages of $0.0093 and $0.0094 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0138.