Bluesky Digital Assets Corp (OTCMKTS:BTCWF) Stock On Watchlist After the Launch of its Blockchain Engagement Platform

Investors are now increasingly looking to explore companies which are involved in the digital assets space and one of the companies that may be worth tracking at this point is Bluesky Digital Assets Corp (OTCMKTS:BTCWF).

Trading Data

On Friday, BTCWF stock slumped 2.76% to $0.0388 with more than 4.09K shares, compared to its average volume of 26.65K shares. The stock moved within a range of $0.0388 – 0.0420 after opening trade at $0.0420.

Bluesky Digital Assets Corp., Announces the Launch of its Blockchain Engagement Platform

The company came into sharp focus this past Friday after it announced that it had finally launched its Blockchain Engagement Platform. The company has made it its aim to diversify its business in a big way in order to generate growth and one of the missions of the company is to not only be a cryptocurrency mining firm. The company announced on Friday that it had finally completed the official launch of the BlueskyINTEL’s Web Engagement Platform.

The platform in question is the representation of the second stage of the business map that has been charted by the company to generate growth. The company had dedicated the greater part of a year towards research and development in order to build the Web Engagement Platform.

It is going to be focused on technology and blockchain as well as in Web3, DAOs, LARPS, tokenization and tokens among others. It was a major new development for the company and one that investors may be excited by.

Key Quote

Ben Gelfand, CEO stated: “Almost a year ago today we announced our plans to diversify our business focus and definitely be more than just a crypto miner, we have demonstrated with today’s release of this platform that our business plans were prescient in light of a changing crypto market and that we have been working in the best interest of our shareholders.”

Technical Data

BTCWF stock is trading below the 20-Day and 50-Day Moving averages of $0.0416 and $0.0518 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.1106. The company has a total market capitalization of $2.49 million.