Bluesky Digital Assets Expands with Strategic Investment into ChessGold Inc. an Online Chess Revolution
Bluesky Digital Assets Corp. (CSE: BTC) (OTCQB: BTCWF) has announced a strategic investment in ChessGold Inc., an online digital game developer. The investment involves a loan agreement of up to $1,000,000 CAD with a 5% annual interest rate, backed by a General Security Agreement on ChessGold's assets.
The loan can be converted into ChessGold Common Shares at a price determined by the company's valuation at conversion time or its Initial Public Offering price. ChessGold will use the funds for working capital and to support its planned public listing.
ChessGold has become a commercial client of Bluesky's BlueskyIntel.com platform, which will provide consulting expertise before the game's market launch. The investment aligns with Bluesky's focus on Artificial Intelligence and Blockchain technology, which ChessGold incorporates into its game development process.
Bluesky Digital Assets Corp. (CSE: BTC) (OTCQB: BTCWF) ha annunciato un investimento strategico in ChessGold Inc., uno sviluppatore di giochi digitali online. L'investimento prevede un contratto di prestito fino a $1,000,000 CAD con un tasso d'interesse annuo del 5%, garantito da un Accordo di Sicurezza Generale sui beni di ChessGold.
Il prestito può essere convertito in Azioni Ordinarie di ChessGold a un prezzo determinato dalla valutazione dell'azienda al momento della conversione o al suo prezzo d'Offerta Pubblica Iniziale. ChessGold utilizzerà i fondi per il capitale circolante e per sostenere la sua prevista quotazione pubblica.
ChessGold è diventato un cliente commerciale della piattaforma BlueskyIntel.com di Bluesky, che fornirà competenze di consulenza prima del lancio sul mercato del gioco. L'investimento è in linea con l'attenzione di Bluesky sulla tecnologia dell'Intelligenza Artificiale e sulla Blockchain, che ChessGold incorpora nel suo processo di sviluppo del gioco.
Bluesky Digital Assets Corp. (CSE: BTC) (OTCQB: BTCWF) ha anunciado una inversión estratégica en ChessGold Inc., un desarrollador de juegos digitales en línea. La inversión consiste en un acuerdo de préstamo de hasta $1,000,000 CAD con una tasa de interés anual del 5%, respaldado por un Acuerdo de Seguridad General sobre los activos de ChessGold.
El préstamo se puede convertir en Acciones Comunes de ChessGold a un precio determinado por la valoración de la empresa en el momento de la conversión o su precio de Oferta Pública Inicial. ChessGold utilizará los fondos para capital de trabajo y para apoyar su próxima cotización pública.
ChessGold se ha convertido en un cliente comercial de la plataforma BlueskyIntel.com de Bluesky, que proporcionará experiencia en consultoría antes del lanzamiento del juego al mercado. La inversión se alinea con el enfoque de Bluesky en Inteligencia Artificial y tecnología Blockchain, que ChessGold incorpora en su proceso de desarrollo de juegos.
블루스카이 디지털 자산 주식회사 (CSE: BTC) (OTCQB: BTCWF)는 온라인 디지털 게임 개발사인 체스골드 Inc.에 전략적 투자를 발표했습니다. 이 투자는 $1,000,000 CAD까지의 대출 계약을 포함하며, 연 5%의 이자율로 체스골드의 자산에 대한 일반 담보 계약이 보장됩니다.
대출은 전환 시 회사의 평가 또는 초기 공모 가격에 따라 결정된 가격으로 체스골드 보통주로 전환될 수 있습니다. 체스골드는 이 자금을 운영 자본으로 사용하고 예정된 상장 지원에 사용할 것입니다.
체스골드는 블루스카이의 BlueskyIntel.com 플랫폼의 상업적 고객이 되었으며, 게임 시장 출시 전 컨설팅 전문 지식을 제공받게 됩니다. 이번 투자는 블루스카이가 인공지능과 블록체인 기술에 중점을 둔 것과 맞아떨어지며, 체스골드는 이를 게임 개발 과정에 통합하고 있습니다.
Bluesky Digital Assets Corp. (CSE: BTC) (OTCQB: BTCWF) a annoncé un investissement stratégique dans ChessGold Inc., un développeur de jeux numériques en ligne. L'investissement consiste en un contrat de prêt pouvant aller jusqu'à $1,000,000 CAD avec un taux d'intérêt annuel de 5%, garanti par un Accord de Sécurité Général sur les actifs de ChessGold.
Le prêt peut être converti en Actions Ordinaires de ChessGold à un prix déterminé par la valorisation de l'entreprise au moment de la conversion ou par son prix d'Offre Publique Initiale. ChessGold utilisera les fonds pour le fonds de roulement et pour soutenir son intention de s'introduire en bourse.
ChessGold est devenu un client commercial de la plateforme BlueskyIntel.com de Bluesky, qui fournira une expertise consultative avant le lancement du jeu sur le marché. L'investissement s'inscrit dans l'axe de Bluesky sur l'Intelligence Artificielle et la technologie Blockchain, que ChessGold intègre dans son processus de développement de jeux.
Bluesky Digital Assets Corp. (CSE: BTC) (OTCQB: BTCWF) hat eine strategische Investition in ChessGold Inc., einen Entwickler von Online-Digitalspielen, angekündigt. Die Investition umfasst einen Darlehensvertrag von bis zu $1,000,000 CAD zu einem jährlichen Zinssatz von 5%, der durch eine Allgemeine Sicherheitsvereinbarung über die Vermögenswerte von ChessGold abgesichert ist.
Das Darlehen kann in gewöhnliche Aktien von ChessGold zu einem Preis umgewandelt werden, der zur Zeit der Umwandlung durch die Unternehmensbewertung oder den Preis des Börseneingangs bestimmt wird. ChessGold wird die Mittel für das Betriebskapital und zur Unterstützung der geplanten öffentlichen Listung verwenden.
ChessGold ist ein kommerzieller Kunde der Plattform BlueskyIntel.com von Bluesky geworden, die vor dem Markteintritt des Spiels Beratungswissen bereitstellen wird. Die Investition steht im Einklang mit Blueskys Fokus auf Künstliche Intelligenz und Blockchain-Technologie, die ChessGold in seinen Spielentwicklungsprozess integriert.
- Strategic investment opportunity in gaming sector with $1M CAD loan agreement
- 5% annual interest rate on loan with asset-backed security
- Option to convert loan into equity at future valuation
- New revenue stream from consulting services through BlueskyIntel.com platform
- Investment return dependent on ChessGold's successful public listing
- Conversion price uncertainty as it's determined at future date
Toronto, Ontario--(Newsfile Corp. - January 22, 2025) - Bluesky Digital Assets Corp., (CSE: BTC) (OTCQB: BTCWF) ("Bluesky" or the "Corporation"), announced today that it has made a strategic investment into ChessGold Inc. ("ChessGold") an online digital game developer with a new spin on digital coins www.chessgold.app.
Bluesky has agreed to enter into a loan agreement with ChessGold where Bluesky will advance up to
Bluesky's continued focus on Artificial Intelligence ("AI") and Blockchain ("BC") led to this natural fit with ChessGold which embraces these new verticals in it's game development process. In a further development, the Corporation is also pleased to announce that ChessGold is now a commercial client of the Corporation's BlueskyIntel.com platform. The Bluesky Intel platform will assist and offer consulting expertise for ChessGold in it's last mile before full market launch.
Gramos Mjeku, CEO of ChessGold stated: "Chess is a timeless and elegant game, cherished by millions across the globe. At ChessGold, we've elevated this classic game with innovative features aimed at enriching the experience and making it more engaging for players of all skill levels. This is chess in its purest form, enhanced for the modern era without compromising its authenticity. After more than five years of dedicated effort, we're excited to announce that ChessGold is set to launch in just a few days. As a proudly Canadian-founded company, our mission is to operate on a global scale, sharing this innovation with chess enthusiasts everywhere. We're eager to unveil the ChessGold app and invite you to join us in transforming how chess is played and enjoyed."
Ben Gelfand, CEO of Bluesky stated: "We are ecstatic to have the opportunity to make an investment into this amazing opportunity as our Company has been searching for this kind of dynamic and innovative deal in the gaming space, and we believe we have found a winner. We are also very pleased to work with Mr. Mjeku who has a focused his career on computer science and technology, and he has extensive technical expertise for the digital web and app-based game business."
About Bluesky Digital Assets Corp.
Bluesky Digital Assets Corp, 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 Roadmap. Bluesky's platform, BlueskyINTEL, is well positioned to leverage the current exponential growth of Artificial Intelligence ("AI") 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.
For more information please visit Bluesky at: www.blueskydigitalassets.com or www.blueskyintel.com
Please also follow us on Linkedin at: www.linkedin.com/company/bluesky-digital-assets/
For further information please contact:
Mr. Ben Gelfand
CEO & Director
Bluesky Digital Assets Corp.
T: (416) 363-3833
E: ben.gelfand@blueskydigitalassets.com
Mr. Frank Kordy
Secretary & Director
Bluesky Digital Assets Corp.
T: (647) 466-4037
E: frank.kordy@blueskydigitalassets.com
Forward-Looking Statements
This news release may contain assumptions, estimates, and other forward-looking statements regarding future events. Such forward-looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond the Company's control that may cause actual results or performance to differ materially from those currently anticipated in such statements. Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward- looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither CSE nor its Regulation Services Provider as that term is defined in the policies of the CSE accepts responsibility for the adequacy or accuracy of this release. We seek safe harbor.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/238068
FAQ
What is the size of Bluesky Digital Assets' investment in ChessGold?
What are the terms of BTCWF's loan agreement with ChessGold?
How will ChessGold use the investment funds from BTCWF?
What additional business relationship exists between BTCWF and ChessGold?
When will ChessGold's gaming platform launch?
