Upcoming Web3 prediction market Forkast has announced that it will launch on Ethereum Layer-2 Ronin in January 2025.
The platform – which allows users to stake tokens for rewards, plus make Web3 gaming predictions for a chance at prizes – will be the first of its kind on Ronin, giving the Web3 community an all-new way to take part in the top tournaments, competitions and viral moments.
Forkast will utilise Ronin Waypoint – the network’s user-friendly key-less wallet – to enable smooth, widespread access.
What is Forkast?
Forkast is a Web3-focused predictions platform, built on Ronin.
Developed by Community Gaming – whose $CGX token is set to launch soon – Forkast allows its users to make predictions on esports, streamers, games and more. By staking $CGX tokens, users can earn weekly loot boxes containing Prediction Credits, tokens, and other rewards.
Both Forkast and the $CGX token are set to launch in January 2025.
What impact could Forkast have?
Both Community Gaming and Sky Mavis – the developers behind Ronin – are excited about the impact that Forkast could have on the Web3 gaming ecosystem.
“Ronin has proven to be the clear leader for gaming,” said Chris Gonsalves, CEO at Community 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.”
Jeff Zirlin, Chief Growth Officer and co-founder of Sky Mavis, added; “Community Gaming built throughout the bear and were a key partner for our Axie tournaments. Now, they’re taking the next step with Forkast—Ronin’s first prediction market.
“Prediction markets and gaming chains go hand-in-hand since there are so many potential outcomes, both in-game and IRL, to bet on. I’ll definitely be using Forkast, and this is just the beginning of a new wave of consumer applications on Ronin.”
COO & founder of NFT Insider. Bullish on web3. Competitive soul.