Ronin Network Welcomes Forkast Prediction Market
Ronin Network is preparing to welcome Forkast, an onchain prediction market set to launch on January 7th. This marks a significant milestone for Ronin as it transitions from a gaming platform to a hub for consumer-focused decentralized applications (dApps). The introduction of Forkast and its $CGX token on the Katana DEX showcases Ronin’s expansion beyond gaming into a broader ecosystem for users.
Understanding Forkast
Forkast is a platform that enables users to predict real-world outcomes by purchasing tokens representing “YES” or “NO” for specific questions. For instance, users can predict whether a blockchain game will reach 2 million daily active users in a year. Correct predictions result in rewards, blending strategy, knowledge, and blockchain technology.
Features and Rewards Offered by Forkast
- Prediction Credits: Accumulate credits to participate in more markets.
- Weekly Loot Boxes: Claim new rewards weekly.
- Leaderboard Rewards: Compete for top positions and win additional prizes.
- Daily Quests: Fulfill small tasks for bonus incentives.
Most rewards are distributed in $CGX tokens tradable on Katana DEX. Forkast also provides referral bonuses and liquidity incentives, ensuring an engaging experience for users.
Simplified Onboarding with Ronin Waypoint
Forkast simplifies blockchain adoption by partnering with Ronin Waypoint, a keyless wallet system that eliminates the need for seed phrases or browser extensions. Users can log in using an email or social account like Google or Facebook, with support for gasless transactions for key activities such as claiming loot boxes. This streamlined process reduces fees for new users and offers a straightforward introduction to blockchain within the Ronin ecosystem.
Community Gaming: Empowering Creators with Forkast
Community Gaming, the team behind Forkast, has been integral to Ronin’s growth, hosting numerous tournaments and engaging a substantial player base in the community. With Forkast, they aim to enhance user engagement by combining competitive prediction markets with blockchain rewards, aligning with their vision of integrating web3 tools with user-driven experiences.
Significance of Forkast for Ronin
The introduction of Forkast signifies a pivotal moment for Ronin, signaling its expansion beyond gaming into a diverse blockchain landscape. Prediction markets offer users new ways to interact with the platform while attracting a broader audience, facilitating Ronin’s evolution into a versatile network connecting gaming, decentralized finance (DeFi), and other web3 projects.
Exploring Ragnarok Landverse
In addition to Forkast, Ronin is gearing up for the launch of Ragnarok Landverse, a web3 adaptation of the popular MMORPG Ragnarok Online. Scheduled for release in Q1 2025, this experience will offer play-to-earn features such as quests, resource mining, and character customization. Interested players can sign up for exclusive rewards, further expanding Ronin’s ecosystem.
Conclusion
The debut of Forkast on Ronin Network signifies a significant shift towards a versatile web3 platform, offering users new avenues for engagement and earnings through prediction markets and $CGX rewards. Coupled with the upcoming launch of Ragnarok Landverse, 2025 promises to be a transformative year for the Ronin ecosystem, with exciting developments and opportunities on the horizon.
