Bluesky Digital Assets - CEO, Ben Gelfand.
CEO, Ben Gelfand.
Source: Bluesky Digital Assets.
  • Bluesky (BTC) has consolidated its blockchain R&D efforts in decentralized finance, stablecoins and AI into blueskyINTEL
  • blueskyINTEL will also serve as a public engagement platform for businesses to utilize and learn about blockchain technology
  • The platform, which will launch in stages over the next four quarters, will bring together providers, experts and influencers to catalyze corporate blockchain adoption
  • Bluesky Digital Assets mines for digital currencies, such as Bitcoin and Ether, and develops value-added technology services for the digital currency market
  • Bluesky (BTC) is up by 4.88 per cent and is currently trading at $0.43 per share

Bluesky (BTC) has consolidated its blockchain R&D efforts in decentralized finance, stablecoins and AI into blueskyINTEL.

blueskyINTEL will also serve as a public engagement platform for businesses to utilize and learn about blockchain technology and the value it brings to the future of business and global transactions.

The platform, which will launch in stages over the next four quarters, will bring together providers, experts and influencers to help businesses adopt a blockchain roadmap for their operations.

The initial release stage, now online in pre-launch form, will focus on user signups and on validating real-world business interest on and for the blockchain.

Ben Gelfand, Bluesky’s CEO, stated,

“We have stayed true to our commitment to be more than just a successful crypto mining company. This reorganization of all of our key R&D efforts better supports an ongoing diversification of our business as we focus on the underlying platform that has and continues to support our success.”

Anthony R. Pearlman, Bluesky’s COO, added,

“blueskyINTEL represents us reaching out externally and even at this early stage is a great way for us to validate our thinking. It also helps us lock in our plans for the future and for new releases of the website offering that will better reflect the reality of what business and users want through this early engagement.

As we fully settle on a dedicated diversified business path and approach based on lessons learned through this varied user engagement, we will provide inter-stage updates in a timely fashion to our shareholders and investors.”

Bluesky Digital Assets mines for digital currencies, such as Bitcoin and Ether, and develops value-added technology services for the digital currency market.

Bluesky (BTC) is up by 4.88 per cent and is currently trading at $0.43 per share as of 11:11 am ET.

More From The Market Online

Top crypto stocks and ETFs to consider before the Bitcoin halving

Read about 10 of the highest-performing Bitcoin stocks and ETFs leading up to the cryptocurrency's April 2024 halving.

Hut 8 right-sizes mining capacity before Bitcoin halving

Hut 8, one of North America's largest Bitcoin miners, energizes one-third of its 63 MW Salt Creek mining site in Culberson County, Texas.
Cryptocurrencies

Regulatory clarity for market evolution: Canada’s position in global crypto industry

Canada is a forefront contender in financial innovation and cryptocurrency, with significant potential to dominate the digital asset sector.

Crypto stock Bitfarms adds upside to rising Bitcoin price

Bitfarms (TSX:BITF) reaches a hashrate of 7 exahash per second after installing over 5,000 Bitmain T21 miners in Quebec.