Prediction Market Platform Forkast Launches on Ronin Blockchain

Forkast, a prediction market platform focused on gaming and internet culture, has officially launched on the Ronin blockchain

Forkast, the prediction market platform renowned for its engaging content on gaming, esports, streamers, and web3 assets, has officially launched on Ronin.

This integration, announced in December 2024, marks a significant step in offering gamers a new avenue to capitalize on their industry knowledge and benefit from a seamless transaction experience.

Forkast’s arrival on Ronin introduces a unique income stream for web3 gamers interested in engaging with prediction markets covering esports, streamers, and blockchain trends.

The platform’s emphasis on affordability and accessibility is evident in the lack of gas fees, allowing users to participate without financial barriers.

According to Forkast, its decision to integrate with Ronin is motivated by the desire to provide a gas-free experience, which is facilitated by the Ronin Waypoint wallet.

Additionally, a dedicated Ronin campaign page has been introduced, featuring various predictions related to gaming and blockchain growth metrics.

Forkast’s platform, developed by Community Gaming, empowers users to create and engage in prediction markets focusing on gaming, esports, streaming content, and web3-related assets.

The platform operates on a skill-based system and utilizes collective intelligence to determine real-time probabilities, distinguishing itself from traditional betting models.

Instead of fixed odds, it employs a peer-to-peer marketplace where prices reflect the insights of well-informed participants.

The platform is powered by $CGX, a utility token that facilitates staking, governance, and tournament participation. Users who stake $CGX gain access to monthly Loot Boxes, exclusive prediction markets, CG+ Tournaments & Leagues, and voting privileges within the ecosystem.

Additional earning opportunities include accumulating $CGX through leaderboard rankings, daily trading incentives, and Web2/Web3 gaming tournaments.

The Ronin ecosystem has demonstrated significant growth, boasting 2.27 million daily active addresses in 2024. The blockchain has recorded over $4 billion in NFT transaction volumes and generated approximately $1.3 billion in revenue through Axie Infinity.

Similarly, Community Gaming has established a strong presence, with over 800,000 wallets created, more than 50,000 monthly matches, and 20,000 gamers receiving payouts.

Forkast’s integration with Ronin is a testament to the evolving landscape of web3 gaming, offering gamers diverse avenues for participation and skill-based competition.

The platform’s planned expansion to include AI-powered trading assistants in 2025 will further enhance the user experience and optimize predictive market performance.