Bluesky Digital Assets Announces Launch of ChessGold’s Innovative Chess Platform

Bluesky Digital Assets ( (TSE:BTC) ) has shared an update.

Bluesky Digital Assets Corp. announced the upcoming launch of ChessGold Inc.’s online chess gaming platform on May 15, 2025. ChessGold aims to be the first mainstream platform to monetize chess through skill-based real money matches, targeting the vast global chess community. This strategic move positions ChessGold to capitalize on the growing online games market, which is projected to reach significant revenue milestones by 2029. Bluesky’s investment in ChessGold reflects its commitment to participating in this market expansion, leveraging its expertise in digital technologies to support ChessGold’s operations and growth.

Spark’s Take on TSE:BTC Stock

According to Spark, TipRanks’ AI Analyst, TSE:BTC is a Underperform.

Bluesky Digital Assets is currently under significant financial stress, with declining revenue and high operating losses contributing to a low financial performance score. The technical analysis indicates strong bearish momentum, with the stock trading below key moving averages. Valuation is also weak due to negative earnings and no dividend yield. However, a recent strategic investment in ChessGold offers a potential growth opportunity in the AI and blockchain space, slightly improving the overall outlook.

To see Spark’s full report on TSE:BTC stock, click here.

More about Bluesky Digital Assets

Bluesky Digital Assets Corp. is a digital enterprise that operates at the intersection of Artificial Intelligence, Blockchain, and Web3 business solutions. The company has developed a platform, BlueskyINTEL, which is designed to leverage the growth of AI and Blockchain technologies, providing businesses with tools to adopt these emerging technologies.

YTD Price Performance: -59.72%

Average Trading Volume: 205,772

Technical Sentiment Signal: Buy

Current Market Cap: C$8.57M

Find detailed analytics on BTC stock on TipRanks’ Stock Analysis page.