Key Points
Prediction markets are coming to Ronin! If everything goes according to plan, our longtime allies at Community Gaming will launch Forkast.gg – an onchain prediction market platform – on January 7th. This marks a significant milestone in Ronin’s journey towards an ecosystem beyond gaming and into consumer-focused dApps. There will also be many ways for users to earn rewards, as well as a few benefits for Ronin Waypoint users. Here’s what’s happening with Community Gaming and Forkast:
Forkast is an onchain prediction market. Buy and sell tokens that represent a future event outcome – and profit when you’re right. For example, picture a market for the question, “Will Pixels reach 2M DAU by Christmas?” In this fictional example, users would vote YES or NO. On Christmas, the users who voted for the correct outcome would receive onchain rewards from their counterparty. However, there are even more ways to earn rewards on Forkast.
Prediction credits, weekly loot boxes, and extra tokens for $CGX stakers. Leaderboard rewards. Daily liquidity incentives. Referral opportunities. Many of these rewards will be distributed as onchain $CGX tokens after Forkast launches. If everything goes according to plan, $CGX will go LIVE on Katana around the same time Forkast launches.
Read more about Forkast Rewards here.
Community Gaming (CG) is a Web3 gaming ecosystem on a mission to empower gamers and creators through blockchain and incentivized player engagement. Over 100K monthly active users and 500K traditional gamers trust CG to simplify esports tournament organization, prize payouts, and onchain gaming integrations.
Community Gaming has also been part of our movement since the early days of Axie Infinity. They’ve hosted more than 1K tournaments in our ecosystem, attracting over 60K total Ronin participants over the last two years. The upcoming Forkast launch will deepen the connective tissue between our movements and introduce fresh experiences to the Ronin ecosystem.
Forkast will integrate Ronin Waypoint, which means new users will experience silky smooth onboarding onto Ronin. That’s because Ronin Waypoint will enable gasless transactions on Forkast for critical activities like loot box claims. That means fewer fees and a simpler user experience. Easy.
As Ronin sails towards the Grand Line, our movement will begin welcoming users from new communities. Communities beyond gaming. Forkast lays the foundation for prediction market participants to onboard onto Ronin, and reinforces our network’s position as a place for consumer dApps to grow. This is the beginning of yet another exciting adventure together. Let’s keep pushing!