Community Gaming made a significant announcement on Monday, revealing that its highly anticipated video game-focused prediction market, Forkast, will be launching on the Ethereum sidechain gaming network known as Ronin. This innovative platform will enable users to stake tokens and earn rewards while making predictions on a wide range of topics, including gaming, esports, Web3, and internet culture events. Forkast is among the first consumer applications to be integrated into Ronin, which is already home to popular games like Pixels and Axie Infinity.
Community Gaming, known for its blockchain-based competitive gaming ecosystem and tournament platform, has partnered with Ronin to leverage Ronin Waypoint, a universal account and keyless wallet system. This integration will streamline user access and enable gasless transactions for certain activities, such as claiming reward boxes.
“Forkast Highlights:
1. Predict on games, esports, streamers, & web3
2. Stake $CGX to earn loot boxes with prizes like Prediction Credits & tokens
3. Enjoy weekly rewards & daily liquidity incentives for continuous fun!”
In a statement to Decrypt, Community Gaming CEO Chris Gonsalves expressed his confidence in Ronin’s capabilities, stating, “Ronin has proven to be the clear leader for 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.”
Forkast will revolve around Community Gaming’s upcoming CGX token, with prediction market users automatically staking 50% of airdropped tokens in exchange for weekly rewards. The launch of Forkast and the CGX token is scheduled for January 2025.
For Ronin, the addition of a prediction market platform represents another avenue to engage users, aligning with the network’s core focus. Sky Mavis, the creator of Axie Infinity and Ronin, sees the partnership with Community Gaming as a natural progression. Jeff Zirlin, co-founder and Chief Growth Officer of Sky Mavis, commented, “Community Gaming built throughout the bear market and was 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 complement each other well, as there are numerous potential outcomes, both in-game and in real life, to bet on.”
Zirlin expressed his excitement for the launch of Forkast, emphasizing that this collaboration signifies the beginning of a new era for consumer applications on Ronin. With the convergence of gaming and prediction markets, Forkast is poised to offer users a unique and engaging experience within the burgeoning Web3 landscape.