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Bluesky Digital Assets Corp (2)
Symbol BTC
Shares Issued 136,149,296
Close 2023-12-04 C$ 0.03
Market Cap C$ 4,084,479
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Bluesky Digital Assets begins JV talks with Weteams

2023-12-04 12:29 ET - News Release

Mr. Ben Gelfand reports

BLUESKY DIGITAL ASSETS CORP., ANNOUNCES GLOBAL EXPANSION PLANS FOR BLUESKYINTEL

Bluesky Digital Assets Corp. has initiated formal discussions for the establishment of a strategic joint venture with Weteams Solutions Pvt. Ltd.

Weteams is a well-established international digital innovation company with an enviable record of providing outsource technology resources and services on a global basis.

Weteams's headquarters are located in India, the world's fastest-growing economy, having surpassed China and North America. India is fifth in the world in terms of overall GDP (gross domestic product), ahead of England, Italy, France, Brazil and Canada. Bluesky through an anticipated formalized agreement with Weteams is planning to benefit from exposure to an international fast-growing venture and small-cap market as well as a large international audience and potential user base for BlueskyIntel.

Weteams provides consulting and outsource services for product innovation, product design, mobile development, AR/VR (augmented reality/virtual reality) apps development, e-commerce and Web development, and on-demand IT (information technology) services.

Bluesky's focus on artificial intelligence (AI) and blockchain (BC) led to the creation of the BlueskyIntel proprietary Web engagement platform. This platform has continued to evolve and grow in many facets.

Bluesky's business road map for BlueskyIntel is aggressive and focuses heavily on the innovation and adoption of AI (artificial intelligence) across multiple business verticals.

Weteams has been the vendor of choice to date for the delivery of the BlueskyIntel platform and has intimate knowledge of the plans for the future releases and alignment to a business plan that is targeted to deliver back value to Bluesky's shareholders and stakeholders.

Weteams is led by Pranay Mathur, who, at his core, is a true entrepreneur and innovator. Mr. Mathur became very interested in the direction that Bluesky was going and expressed an interest in becoming more than just a vendor to Bluesky as he strongly believes in the direction and trajectory BlueskyIntel is on.

Discussions with Weteams envision a joint venture being created between Bluesky and Weteams to support and accelerate the development and business plans for BlueskyIntel. This arrangement, at a high level, would see Weteams providing increased development services, project management and international market presence for BlueskyIntel initiatives partially in exchange for a vested interest in the success of Bluesky.

Pranay Mathur, founder and director of Weteams, stated: "Over the years, we have been actively involved in numerous technology projects and Bluesky's plans align with our belief in the future for AI and BC. Our belief is that Bluesky [is] pointed in the right direction and we feel that accelerating and scaling plans can lead to a faster attainable value proposition. We welcome the opportunity to settle on a mutually beneficial arrangement that ties to the overall success of both companies and ultimately all shareholders."

Ben Gelfand, chief executive officer of Bluesky, stated: "Our relationship with Weteams has been a good one and they are industry experts and their belief in our plans further confirms we are tracking in the right direction. We look forward to taking the BlueskyIntel platform global."

About Bluesky Digital Assets Corp.

Bluesky Digital Assets, has created a high-value digital enterprise at the intersection of artificial intelligence, blockchain and Web3 business solutions. Leveraging its success as an early adopter providing proprietary technology solutions, Bluesky has invested in its road map. Bluesky's platform, BlueskyIntel, is well positioned to leverage the current exponential growth of AI-based and blockchain-based technologies through a tightly focus built collaborative platform. This innovative Web platform offering supports and better enables businesses to adopt and utilize these emerging and developing technologies.

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