Bitblox Games, a leading gaming studio based in the Isle of Man, is set to revolutionize the iGaming industry by introducing blockchain-based gaming to the online gambling market. The studio announced on Thursday that it will exclusively build a suite of on-chain games using the Hxro Network, a distributed liquidity layer for betting applications on the Solana blockchain.
The iGaming industry, valued at around $68 billion, is primed for innovation as Bitblox Games plans to use cutting-edge blockchain technology to create crypto games. These games are designed to enhance the current user base of iGaming operators while introducing new ways for users to play and interact.
Hxro Network's co-founder, Dan Gunsberg, believes that on-chain gaming is a surprisingly underserved subset of the multibillion-dollar global iGaming market. With Bitblox Games at the helm, the online gambling industry will transition into the Web3 era, bringing new opportunities and benefits to players and operators alike.
The collaboration between Bitblox Games and Hxro Network is expected to bring significant changes to the Solana ecosystem, the Hxro Network, and the online gambling industry as a whole. The introduction of on-chain games will leverage the blockchain's inherent advantages, such as transparency, security, and decentralization, to create a more robust and engaging gaming experience for users.
By building its games on the Hxro Network, Bitblox Games is demonstrating its commitment to the Solana blockchain and the decentralized finance (DeFi) ecosystem. This collaboration will not only boost the Solana ecosystem but will also contribute to the growth and adoption of blockchain technology in the iGaming sector.
In conclusion, the partnership between Bitblox Games and Hxro Network will transform the iGaming industry by bringing blockchain-based gaming to the forefront. The integration of on-chain games with the online gambling market could potentially reshape the sector, paving the way for further innovation and adoption of blockchain technology in various industries. The future of iGaming looks bright, and Bitblox Games is leading the charge towards a decentralized, secure, and engaging gaming experience for all.