Forkast, a gaming prediction market platform, launches on Ronin, integrating with the blockchain to offer staking rewards, Loot Box incentives, and curated gaming markets.
What’s the significance: Forkast offers a new way to earn rewards by participating in prediction markets on Ronin, allowing users to leverage their gaming insights and contribute to the growing decentralized ecosystem.
Key Details: The launch of Forkast in Ronin Network is the result of a partnership between the blockchain developer Sky Mavis and web3 tournaments and competitive gaming platform Community Gaming.
- The integration is noted to represent a major milestone for Community Gaming and Ronin’s efforts to expand their ecosystems and a key move toward diversifying Ronin by incorporating more DeFi solutions.
- The Forkast launch will also be among the first consumer apps to integrate with Ronin.
The By-Product: Because of this, the integration will allow users to engage in predictions spanning gaming, esports, web3, and internet culture, all while leveraging their insights to earn rewards and shape the future of prediction markets.
- Expectation #1: Forkast will use Ronin Waypoint, a keyless wallet, to simplify user onboarding and make accessing prediction markets easy.
- Expectation #2: The gaming prediction market platform will incentivize active contributors with its native token, $CGX, specifically for tournament participants, validators, and engaged community members.
- Expectation #3: Forkast will also allow Ronin enthusiasts to earn Loot Box rewards weekly, which could contain random rewards including $CGX, prediction credits, and additional airdrops.
- Expectation #4: 50% of these $CGX and other airdrop rewards will then be automatically staked so Forkast users on Ronin will earn more.
- Expectation #5: Waypoint also supports gasless transactions, making activities like claiming loot boxes smoother for all users.
Worth Reading: Last September, Tatsumeeko, a life simulation RPG by Tatsu Works, announced its migration to Ronin Network from IMX and Solana, with plans for a full launch in late 2024 and the introduction of a Telegram RPG game, Lumina Hunt, highlighting Ronin’s growing influence in web3 gaming.
This article is published on BitPinas: Gaming Prediction Platform Forkast Launches on Ronin
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