Bitblox to develop on-chain games for the $68 billion online gambling industry

Bitblox Games, a gaming studio focused on blockchain technology, has recently announced their plans to develop on-chain games for the $68 billion online gambling industry. The games will be built exclusively on the Hxro Network, a Solana-based distributed liquidity layer for betting apps.

According to Dan Gunsberg, the co-founder of Hxro, on-chain gaming is an underserved subset of the multibillion-dollar global gaming market. However, with Bitblox’s decision to develop on-chain games for the online gambling industry, the industry could be brought into the Web3 era.

On-chain gaming refers to games that are built on blockchain technology, where transactions are recorded on a public ledger, and the game’s rules are enforced by smart contracts. This technology allows for greater transparency, fairness, and security in online gaming, which has been a concern in the past.

The Hxro Network, which is built on Solana, offers fast and cheap transactions, making it an ideal platform for on-chain gaming. By building on the Hxro Network, Bitblox Games will be able to leverage the network’s benefits, such as its low transaction fees, fast confirmation times, and high throughput.

The online gambling industry is a massive market, with revenues of 61.5 billion dollars in 2021, according to Statista. However, the industry has faced challenges in the past, such as fraud, lack of transparency, and security concerns. On-chain gaming could help to address these issues by providing greater transparency and security in online gambling.

By developing on-chain games for the online gambling industry, Bitblox Games could help to usher in a new era of online gaming, one that is more secure, fair, and transparent. This move could also help to drive adoption of Solana and the Hxro Network, as more developers see the benefits of building on these platforms.

In conclusion, Bitblox Games decision to develop on-chain games for the online gambling industry is a significant development for the industry as a whole. By leveraging the benefits of blockchain technology and the Hxro Network, Bitblox Games could help to transform the online gambling industry, making it more secure, fair, and transparent.