DeFi Platform Hxro: Gaming and Crypto Meet in Degen Heaven
Decentralized finance (DeFi) platform Hxro has recently announced the establishment of a new studio called Bitblox Games. This studio aims to develop on-chain, player-versus-player (PvP) gambling games that leverage Hxro’s Solana-based platform.
In a blog post on Thursday, Hxro revealed that Bitblox Games is the place where “OG degens meet crypto degens,” referring to the crypto slang term for risk-loving traders or “degenerates.” Furthermore, Hxro’s VP Business Development Brandt Page has been appointed as the CEO of Bitblox Games.
“Bitblox dramatically expands the scope of what igaming can be,” said Page in the announcement. “Blockchain-based gaming provides additional transparency to igaming operators while giving players the ability to bet in new and engaging ways.”
The gambling and casino industry commonly refers to online gambling as “igaming.” However, unlike most video games, gambling games lack immersive worlds and well-developed characters, if any characters at all. Instead, they prioritize financial betting mechanics over other types of gameplay.
Unlike traditional video games, the “igaming” industry offers flashy browser-based gambling experiences where players can win or lose thousands of dollars with just a click of a button.
Hxro co-founder Dan Gunsberg emphasized that on-chain gaming, which involves crypto transactions or data stored on a crypto network, is an “underserved subset” of the online gambling industry.
Benefits of On-Chain Gaming
On-chain gaming brings several advantages to the online gambling industry:
- Increased transparency for igaming operators.
- Engaging and innovative betting opportunities for players.
- Integration of cryptocurrencies and blockchain technology.
Hxro’s Solana-based platform provides the foundation for Bitblox Games to explore the potential of on-chain gaming and introduce novel gambling experiences to users.
Conclusion
The collaboration between Hxro and Bitblox Games aims to revolutionize the online gambling industry by combining the worlds of gaming and crypto. With on-chain gaming, players can experience transparent betting mechanisms while enjoying innovative gameplay opportunities.
