SumoTex Continues To Grow By Initiating SUMOVERSE Via Decentraland
As SumoTex grows, the team has expanded its real estate portfolio into the metaverse, as they believe MetaFi is the way forward. As a result, they are excited to announce their most recent investment in Decentraland (MANA) via a metaverse development project known as SUMOVERSE.
On its recent acquisition via Decentraland, SumoTex is pioneering the use-case of the metaverse at its finest, hosting the world’s first metaverse gender reveal party. The gender reveal celebration for Andrey and Oxana’s baby will take place on Sunday, February 20th, from 2:00 to 8:00 PM (GMT).
The gender reveal party represents our society’s effective and quick acceptance of the metaverse. Furthermore, we’re starting to witness crucial and unforgettable occurrences being stored in the metaverse. We are very much witnessing a paradigm shift regarding metaverse use-case development, with Samsung launching a product and JPMorgan opening a lounge in Decentraland as well.
What makes SumoTex so special?
The pride of owning real-world assets invested by funds and displayed as NFTs on the IoTex blockchain is one of the main selling points of SumoTex. Essentially, SumoTex is changing the way NFTs are valued in addition to fractional ownership of prime real estate. NFTs are often decided by market forces of supply and demand. In SumoTex, however, the value of all minted, on-chain NFTs shall be directly decided by SumoTex’s portfolio, which consists of high-value real estate poised to receive continuous revenue via lease agreements.
As a result, the more valuable the NFTs are, the larger the portfolio, as measured by assets under management (AUM). Also, SumoTex’s Special Edition NFT permits holders to receive dividends derived from the firm’s profits, whereas the Fund NFT’s APY is linked to the fund pool.
Moreover, the initial batch of restricted NFTs sold out in less than 7 minutes, owing to the firm’s aim to exclusively acquire undervalued assets and manufacture NFTs from them, thereby enabling fractional ownership. This demonstrates that the community has a strong conviction in SumoTex, as seen by the tremendous demand.
SumoTex’s investments
SumoTex wishes to be a part of the fastest growing space in all of DeFi today, the metaverse. SumoTex has therefore bought the first planet under its metaverse fund through the Star Crazy Game launch of its metaverse real estate auction. Those who missed out can still become part owners by minting SumoTex’s NFT.
Furthermore, SumoTex’s top specialists have meticulously constructed and researched what constitutes a superb purchase. The team has determined that it is now time to enter the next step of providing its investors the best of the metaverse via The Sandbox, based on the advice of numerous experts and their decades of expertise.
Lastly, there is the previously mentioned Decentraland-oriented SUMOVERSE. Here, the master development plan revolves around various focus areas such as commercial, entertainment, a financial hub, arts, culture, Sumo credit, advertisements, residences, meta-drops, and even a Sumo battle arena.
About SumoTex
SumoTex is the first investment business to tear down barriers and democratize investment by providing regular investors with access to high-performing assets with on-chain provenance. Simultaneously, SumoTex is reshaping the landscape of traditional fundraising by proposing new investing ideas based on NFTs and AssetFi, a crypto innovation.
Also, with the ever-increasing significance and popularity of NFTs, SumoTex shall be starting its Batch 3 NFT launch soon. For more information and regular updates, visit SumoTex’s official website and check out the Twitter and Telegram channels as well as the whitepaper.
