Community Gaming recently announced that their new video game-centric prediction market, Forkast, will be launching on the Ethereum sidechain gaming network, Ronin. This platform will allow users to stake tokens and earn rewards by making predictions about gaming, esports, Web3, and internet culture events. Forkast is set to be one of the first consumer apps integrated into Ronin, which is already home to popular games like Pixels and Axie Infinity.
Community Gaming, known for their blockchain-based competitive gaming ecosystem and tournament platform, will be utilizing Ronin Waypoint for Forkast. This universal account and keyless wallet system will facilitate user access and enable gasless transactions for certain activities, such as claiming reward boxes.
CEO of Community Gaming, Chris Gonsalves, expressed his confidence in Ronin, stating, “Ronin has proven to be the clear leader for gaming. Community Gaming has already been building on Ronin and supporting the community there for years with CG Tournaments. Their tooling is robust and they have demonstrated how resilient their ecosystem is through multiple cycles.”
Forkast will revolve around Community Gaming’s upcoming CGX token, with prediction market users receiving 50% of airdropped tokens auto-staked in exchange for weekly rewards. The launch of both Forkast and the CGX token is scheduled for January 2025.
For Ronin, the addition of a prediction market platform provides another avenue to keep users engaged. Launched by Axie Infinity maker Sky Mavis, Ronin’s focus aligns well with the introduction of Forkast. Jeff Zirlin, co-founder and Chief Growth Officer of Sky Mavis, highlighted the synergy between prediction markets and gaming chains, stating, “Prediction markets and gaming chains go hand-in-hand since there are so many potential outcomes, both in-game and IRL, to bet on.”
Zirlin expressed his excitement for the upcoming launch of Forkast, stating, “I’ll definitely be using Forkast, and this is just the beginning of a new wave of consumer applications on Ronin.”
With the integration of Forkast into the Ronin network, users can look forward to an immersive experience where they can engage in prediction markets while enjoying the vibrant gaming community on Ronin. This collaboration marks a significant step forward in the intersection of blockchain technology, gaming, and prediction markets, offering users a unique and rewarding platform to participate in.