Gaming Studio Bitblox to develop Web3 gambling games using Polygon blockchain

Bitblox, a recently established blockchain gaming studio has chosen The Hxro Network, a Solana-based distributed liquidity layer for derivatives trading and betting applications to host a number of Web3 gambling games.

The recent decision by Bitblox Games to develop cryptocurrency games for the online gambling sector may have a significant impact on the Solana ecosystem, the Hxro Network and the online gambling sector as these on-chain games are intended to help users play in new ways and increase the users’ bases of e-gaming operators.

Bitblox Games bringing crypto to the online gambling industry

Grand View Research’s most recent analysis estimates that the online gaming market would be worth $68 billion by 2022. The report also predicts that from 2023 to 2030, the industry would grow at an average annual rate of 11.7%. On May 4, Bitblox Games announced that it would shift its emphasis to the creation of player-to-player (P2P) games that are focused on skill and speed.

Players will be able to wager on these games against one another rather than against a typical gambling venue like a casino or bookmaker. The CEO of Bitblox, Brand Page claims that blockchain-based gaming offers a novel and alluring alternative for players to place wagers while also increasing transparency for e-gaming operators.

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Bitblox Games has launched a studio to bring crypto gaming to the $67.9B online gambling industry, with all games being built exclusively on Hxro Network’s core protocols.

Welcome to #HxroNation ✖️✖️

Learn more: https://t.co/ylM0hvlHeB pic.twitter.com/xVQ2SI3pmh — Hxro (✖️,✖️) (@HxroNetwork) May 4, 2023

At the eagerly awaited CasinoBeats summit 2023 which will be held in Malta from May 23 to May 25. Bitblox is scheduled to make its premiere. Even while specific games haven’t been published yet, insiders claim that further information will probably be made public later this month.

Keep checking back for more on this fascinating new gaming trend. Online betting and gambling games have garnered mixed reactions in different countries where in some they have been banned. India has also taken a stiff stance against gambling and betting apps online which have gained the reputation of being addictive.