The BIRTH of SUMOTEX

Introduction

NFT grown significantly over the past few years. From a market cap of barely a billion in 2020, shot up to $40.9 billion in 2021. These are usually art collections where crypto investors look for to buy and collect or even flip it in the market for a profit. While some are art work, innovative developer has introduced NFT gaming where users purchase an NFT which they can use them for Play-to-Earn, grow/fuse/upgrade and even breed them which increases the value of the NFT.

The NFT industry has always focused on GAMEFi and Collectibles, but we at SUMOTEX will redefine the functionality of NFT and add a little bit of spice into the NFT industry. Never would anyone imagine that owning an NFT means that you are part owner of a real estate which SUMOTEX invests in. Furthermore, we have redefine the way that NFT is valued, the valuation of SUMOTEX’s NFT is pegged against SUMOTEX’s portfolio value. Meaning, the larger our Asset under Management, the higher your NFT is valued.

The birth of AssetFi

SUMOTEX is the FIRST investment firm on blockchain which acts as a bridge between cryptocurrency and traditional private equity firm. Breaking down the WALL that institutional finance has built by offering an affordable “ticket” to fractional asset ownership and physical world investing. We are changing the landscape of traditional fundraising and bringing disruptive investment strategies with our uniquely designed NFT and tokenomics (more on that coming soon). Hence, the birth of AssetFi in the cryptocurrency world.

WHY IOTEX Chain.

Our vision are aligned directly with IOTEX’s MachineFi goals where data ownerships are returned back to the owners. SUMOTEX’s main objective is to disrupt the real estate industry which has been stagnant for decades. CRE or also known as Commercial Real Estate has a long standing problem of recording building operations expenses such as electrical consumption between common areas and tenants, air quality management in a workplace, how climate is related to the change in energy consumption and also the validity of an investment (most investors only read from their audited annual report on which assets the firm has acquired and sold in the period). By implementing Pebble trackers in the real estate that SUMOTEX has acquired. We achieve full end to end transparency.

WE are different

The table below is the perfect example of SUMOTEX’s NFT and other NFTs

 

SUMOTEX NFT

OTHER NFT

USAGE

Digital art & fractional ownership of SumoTex’s assets

Digital art, fashion, music, in-game items

TRADEABLE

YES

YES

VALUE

Measurable via Sumotex AUM

Subject to market trending

FRAUD PROOF

YES

YES

UNIQUE

YES

YES

CONCLUSION

2022 will not only be the rise of MachineFI, but also the Rise of SUMOTEX AssetFi. Promoting full transparency in our investments and bulldozing down the wall of traditional institutional finance. We are here to change the world, one investment at a time.

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