Forkast, a prediction market platform built for gaming and internet culture, officially launched on the Ronin blockchain, enabling users to trade predictions on esports, streamers, and web3 assets.
What’s the significance: The launch gives web3 gamers a new way to monetize their gaming knowledge by participating in prediction markets on esports, streamers, and blockchain trends with low-cost, gasless transactions.
Key Details: According to Forkast, the platform’s launch on Ronin is integral because it provides a gasless experience powered by the Ronin Waypoint wallet.
- The debut also includes a dedicated Ronin campaign page, featuring predictions on gaming and blockchain growth metrics.
- Forkast’s launch on Ronin was first announced in December 2024, where it was expected to simplify user onboarding with the Ronin Waypoint wallet, reward active participants with $CGX, offer weekly Loot Box incentives, and more.
Key Quote:
“With its launch on Ronin, Forkast will bring prediction markets to gamers in emerging markets, empowering them to trade on the topics they’re most passionate about. Start earning from your insight today!”
Forkast
What is Forkast? Developed by Community Gaming, it allows users to create and participate in prediction markets on gaming, streamers, esports, and web3 assets.
- How it Works: Forkast uses collective intelligence and a skill-based system to aggregate real-time probabilities.
- Comparison to Other Prediction Market Platform: Unlike traditional betting, it offers a peer-to-peer marketplace where prices reflect informed participants’ insights.
- The$CGX Utility: The media release noted that Forkast will be powered by $CGX, which will enable staking, governance, and tournament participation.
- Staking Benefits: Unlocks monthly Loot Boxes, access to prediction markets, CG+ Tournaments & Leagues, and governance participation.
- Earning Opportunities: Users can earn $CGX through weekly leaderboards, daily trading incentives, and tournaments in Web2/Web3 games.
The Numbers:
- Ronin Ecosystem
- 2.27M daily active addresses in 2024
- Over $4B in NFT volumes and $1.3B in revenue of Axie Infinity
- Community Gaming:
- Over 800,000 wallets created
- Over 50,000 monthly matches
- 20,000 paid gamers
What’s Next? Forkast plans to expand partnerships with esports teams and streamers and integrate AI-powered trading assistants in 2025.
Worth reading: This month, Ronin also announced that it has gone permissionless, which opens its ecosystem to all developers and significantly broadens the scope for new games, decentralized applications (dApps), and decentralized finance (DeFi) projects.
This article is published on BitPinas: Forkast Launches on Ronin, Brings Web3 Gaming Predictions
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