Hxro Network has announced the launch of their new studio Bitblox Games, to develop on-chain, player-versus-player (PvP) gambling games and bring the online gambling industry into the Web3 era. The new games at Bitblox Games aim to bring a flashy version of browser based gambling experiences. This platform is based on the Solana-based platform of Hxro and is where OG and Crypto degens, meaning risk-loving traders, meet. Brandt Page, VP of business development of Hxro is the newly appointed CEO of this platform.

According to a blog post, online gambling, something that is referred to as “igaming” in the gambling and casino industry, is different from video games as most of these games do not feature well-developed characters and prioritize financial betting over other types of gameplay. Hxro co-founder Dan Gunsberg called on-chain gaming “surprisingly underserved subset” of the online gambling industry as it provides additional transparency to operators while giving players the ability to bet in new and engaging ways.

It is true that the online gambling industry saw a revenue of $5 billion last year, but with this inevitable growth comes the potential downsides of gambling too. Reports show that “problem gambling” is linked to a higher suicide risk than alcohol or substance abuse, while the National Council on Problem Gambling estimates that roughly two million Americans struggle with a severe gambling problem. Platforms like Twitch have taken strict stances against this type of livestreaming.

Bitblox Games is a potential solution as it brings these games to the crypto world, with all games being built exclusively on Hxro Network’s core protocols. Regulations and safeties can be implemented to make sure the games are fair and players are safe, shielding them from the potential negatives of online gambling. The company’s aim is to “bring the online gambling industry into the Web3 era,” and it is important to look out for player safety as they attempt to bring this mission to fruition.



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