Home > NEWS > Gaming Studio Bitblox to Build On-Chain Games for $68B Online Gambling Industry

Gaming Studio Bitblox to Build On-Chain Games for $68B Online Gambling Industry

Bitblox Games will exclusively build crypto games on the Hxro Network, a Solana-based distributed liquidity layer for betting applications.

Bitblox Games, a gaming studio registered in the Isle of Man, said Thursday it will be bringing crypto games to igaming, the roughly $68 billion online gambling industry.

The gaming studio, which said it is the first to introduce blockchain-based gaming to the online gambling market, will exclusively build on the Hxro Network, a distributed liquidity layer for betting applications on the Solana blockchain, to create “a suite of on-chain games,” said a company announcement.

Bitblox Games’ recent move to build crypto games for the online gambling industry could bring about significant changes to the Solana ecosystem, Hxro Network and online gambling industry as these on-chain games are focused on helping expand the current user base of igaming operators as well as letting users play in new ways.

“On-chain gaming is a surprisingly underserved subset of the multibillion-dollar global igaming market,” according to Hxro co-founder Dan Gunsberg. “Bitblox will bring the online gambling industry into the Web3 era,” he added.

Edited by Danny Nelson.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, WJB is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. WJB is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain WJB employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. WJB journalists are not allowed to purchase stock outright in DCG.

WJB - Unknown

Sage D. Young

Sage D. Young is a tech protocol reporter at WJB. He owns a few NFTs, gold and silver, as well as BTC, ETH, LINK, AAVE, ARB, PEOPLE, DOGE, OS, and HTR.

Follow @httpsageyd on Twitter

WJB - Unknown

Sage D. Young

Sage D. Young is a tech protocol reporter at WJB. He owns a few NFTs, gold and silver, as well as BTC, ETH, LINK, AAVE, ARB, PEOPLE, DOGE, OS, and HTR.

Follow @httpsageyd on Twitter

source:coindesk

by Sage D. Young
© 2023 WJB All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Why can Bitcoin make money? Is Bitcoin's fixed investment profitable?

For some newcomers to the currency circle, they are not familiar with the investment in the currency circle, and their understanding of the special currency is not very deep. Therefore, they may be at a loss in the choice of investment methods. Many inves

VIDEO

NEWS

Tue, 18 Apr 2023

More