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Bluesky Digital Assets Corp (3)
Symbol BTC
Shares Issued 66,608,416
Close 2025-05-01 C$ 0.155
Market Cap C$ 10,324,304
Recent Sedar Documents

Bluesky to see ChessGold launch gaming platform May 15

2025-05-01 19:12 ET - News Release

Mr. Ben Gelfand reports

BLUESKY DIGITAL ASSETS ANNOUNCES CHESSGOLD INC. LAUNCH DATE

ChessGold Inc., to which Bluesky Digital Assets Corp. is providing financing, is in the final stages to fully launch its on-line chess gaming platform, effective May 15, 2025.

Earlier in the year, Bluesky announced, by press release, that the corporation would provide late-stage financing to ChessGold, with the purpose to carry ChessGold through the development and completion of the chess application and provide capital for the server farms to host the chess application. The corporation further announced that it would assist ChessGold with the engagement of all business services necessary for the running a successful app and Web-based gaming company. ChessGold is pleased to announce that all of the required milestones have been completed.

Gramos Mjeku, chief executive officer of ChessGold, stated: "Chess players now make up one of the largest communities in the world: Approximately 605 million adults play chess regularly, a number comparable to regular users of Facebook. No mainstream on-line or app-based chess game has ever attempted to monetize chess trough skill-based real money matches. ChessGold will be the first to do so."

The source of the statistic stated in Mr. Mjeku's quote is derived from the International Chess Federation's website.

Mr. Mjeku added: "Chess is skill based, not chance based. This gives you a unique legal and ethical edge in many jurisdictions compared to traditional gaming platforms. ChessGold is a first-mover. there is no other established app offering real-money PvP chess with mainstream design and global payments. With a small piece of the global chess audience, ChessGold's revenue potential is staggering. ChessGold will establish itself within the broader competitive gaming economy, similar to PokerStars, in skill-based card games, or how fantasy sports went from hobby to billion-dollar industry."

Ben Gelfand of Bluesky stated: "The on-line games market is expected to achieve revenue of $29.5-billion (U.S.) in 2025 and reach $35.7-billion (U.S.) by 2029 with an average revenue per user of $24.59 (U.S.) in 2025. We believe the game of chess and ChessGold will participate in this exciting growth. That is why we invested in ChessGold."

The source of the statistics stated in Mr. Gelfand's quote is derived from Statista's website.

About Bluesky Digital Assets Corp.

Bluesky 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 artificial-intelligence- 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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