Bitblox, a recently established blockchain gaming studio, has announced its plans to develop a collection of Web3 gambling games on the Hxro Network, a Solana-based distributed liquidity layer for derivatives trading and betting applications.
According to a recent report by Grand View Research, the online gambling industry, also known as igaming, was valued at approximately $63.5 billion in 2022. The report further estimates that the industry will experience an annual growth rate of 11.7% from 2023 to 2030.
Bitblox Games has recently announced on May 4th that it will be shifting its focus towards the development of player-to-player (P2P) games that are centered around skill and speed. These games will allow players to bet against each other, rather than against a traditional gambling establishment like a casino or bookie.
According to Brandt Page, the CEO of Bitblox, blockchain-based gaming offers a fresh and captivating way for players to place bets, while simultaneously providing increased transparency to igaming operators.
Bitblox is set to make its debut at the highly anticipated CasinoBeats Summit 2023 in Malta from May 23 to May 25. Although specific games have not yet been announced, sources suggest that more information is likely to be revealed later this month. Stay tuned for updates on this exciting new development in the world of gaming.
Content Source: cointelegraph.com