Forkast, a gaming prediction market platform, launches on Ronin and integrates with the blockchain to offer staking rewards, Loot Box incentives, and select gaming markets.
What is the meaning: Forkast offers a new way to earn rewards by participating in prediction markets on Ronin, allowing users to leverage their gaming knowledge and contribute to the growing decentralized ecosystem.
Key details: The launch of Forkast on Ronin Network is the result of a partnership between blockchain developer Sky Mavis and web3 tournaments and competitive gaming platform Community Gaming.
- The integration is considered to represent a major milestone for Community Gaming and Ronin’s efforts to expand their ecosystems and a key step toward Ronin’s diversification by incorporating more DeFi solutions.
- The launch of Forkast will also be one of the first consumer apps to integrate with Ronin.
The byproduct: Because of this, the integration will allow users to participate in predictions spanning gaming, esports, web3, and internet culture, 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 facilitate access to prediction markets.
- Expectation #2: The gaming prediction marketplace 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 be automatically staked for Forkast users on Ronin to earn more.
- Expectation #5: Waypoint also supports gasless transactions, making activities like claiming loot boxes easier for all users.
worth reading: Last September, Tatsumeeko, a life simulation RPG from Tatsu Works, announced its migration to Ronin Network from IMX and Solana, with plans for a full release in late 2024 and the introduction of a Telegram RPG , Lumina Hunt, highlighting Ronin’s growing influence. in web games3.
This article is published on BitPinas: Forkast game prediction platform launches on Ronin
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