Community Gaming has recently announced the upcoming launch of Forkast, a game prediction market that will be built on the Ethereum sidechain Ronin. Ronin, which is a blockchain network developed by Sky Mavis, the creators of Axie Infinity (AXS), also powers other projects such as Pixels. With the launch of Forkast, users will have the opportunity to make predictions on a wide range of topics, including gaming, esports, streamers, and web3.
The on-chain prediction market is scheduled to go live on January 7, 2025. This new platform will provide users with a unique opportunity to engage in predictive markets and earn rewards through staking their CGX tokens. By staking their tokens, users will have the chance to earn rewards while participating in predictions related to internet culture, gaming, esports, and web3. Additionally, Forkast will offer weekly rewards and daily liquidity boosts to enhance user engagement and promote ecosystem growth.
One of the key features of Forkast is its emphasis on cross-platform accessibility, allowing users to seamlessly transition between Community Gaming and Forkast for various activities such as predictions, tournaments, and quests. This cross-chain support will further facilitate interactions between different platforms and enhance user experience.
As the crypto gaming and predictions markets continue to expand, the ease of user onboarding becomes increasingly important. Forkast plans to leverage Ronin Waypoint, which is an account and keyless wallet system that allows for unified gaming experiences without the need for seed phrases or wallet extensions. This system will also enable users to benefit from gasless transactions when claiming rewards such as loot boxes.
In a recent blog post, the Ronin team stated, “This marks a significant milestone in Ronin’s journey towards an ecosystem beyond gaming and into consumer-focused dApps. Their $CGX ecosystem token will also launch on the Katana DEX alongside Forkast.” This integration of Forkast as one of Ronin’s first consumer apps is expected to boost decentralized finance across the platform.
Furthermore, Ronin validators have recently adopted Chainlink’s cross-chain interoperability protocol, known as CCIP, which has become the network’s official cross-chain infrastructure. This integration of CCIP on Ronin will further enhance the platform’s capabilities and provide users with more opportunities for seamless interactions across different chains.
Overall, the launch of Forkast on the Ronin sidechain is set to revolutionize the game prediction market and provide users with new and exciting opportunities to engage in decentralized finance and predictive markets. With its innovative features and seamless integration with Ronin’s ecosystem, Forkast is poised to become a leading platform in the world of crypto gaming and predictions.