Culture club
Introducing Forkast, a prediction site designed for internet culture
Community Gaming partners with Ronin to launch gamers prediction market.
In Loose Change: Bitcoin predictions for 2025.
Biotech shell turns to crypto-based gambling.
Forkast launch
Care in the community: Community Gaming, a platform for competitive gaming and Web3 tournaments, has announced a partnership with Ronin, a blockchain built for gaming, to launch Forkast, a prediction market platform designed specifically for gamers.
This marks one of the first consumer apps integrated into the Ronin ecosystem.
It introduces a significant diversification of Ronin’s offerings by incorporating decentralized finance (DeFi) elements tailored to gaming enthusiasts.
Forkast enables users to participate in prediction markets focused on gaming, esports, Web3 and internet culture.
Players can stake CGX tokens, earn rewards through loot boxes and engage with curated markets.
The platform incentivizes active participation by rewarding users with CGX tokens, prediction credits and other rewards distributed weekly.
Building bridges: The novel approach of Forkast bridges prediction markets with the gaming world, creating opportunities for gamers to monetize their insights into industry trends, streamers and Web3 developments.
The new platform integrates with Ronin Waypoint, Ronin’s universal account and keyless wallet system, providing gasless transactions for essential activities such as claiming rewards.
Forkast said this eliminates common blockchain entry barriers, making the offering accessible to a wider audience – from newcomers to seasoned Web3 users.
The empower of one: This partnership aligns with Ronin’s broader mission to empower gamers with economic freedom. By integrating Forkast, Ronin is aiming to expand its ecosystem to support esports fans, prediction markets and new decentralized applications – strengthening its foothold in consumer-facing DeFi.
Forkast’s introduction reshapes how gaming and prediction markets intersect, providing users with a dynamic and rewarding platform that capitalizes on Ronin’s proven blockchain infrastructure.
With Forkast, Ronin is looking to cement its position as a hub for Web3 gaming while branching into consumer DeFi opportunities.
Community Gaming said the partnership represented a pivotal step in combining gaming culture, blockchain technology and decentralized finance into a seamless, engaging experience.
Loose change
Propellor heads: Galaxy Research said via an X thread posted at the end of the year that Bitcoin will be "propelled to new heights” in 2025 and predicted it will be worth at least $185k by the end of this year.
The thread also predicted that five Nasdaq 100 companies and five nation states will announce they have added Bitcoin to their balance sheets or sovereign wealth funds.
What we’re reading
Ocean’s 11: Will NFT marketplace OpenSea finally launch a token? Via Decrypt.
Bankers’ dilemma: “Participation is not a verdict on crypto, but rather offers a glimpse into how investment banks weigh the three Rs of deal selection: risk, reward and reputation.” The FT on Wall Street’s embrace of crypto.
Pivot
Switcheroo: A listed biotech shell company called 180 Life Sciences Corp. has announced via a December 30 SEC notice that it is hoping to raise $2.9m in order to fund a shift into the crypto-gambling space.
In October, the group announced its strategic shift into the online gambling sector.
This transition was marked by the acquisition of proprietary iGaming technology from Elray Resources Inc, a company specializing in crypto-based gaming solutions.
The transaction involved 180 Life Sciences purchasing Elray's technology stack, which is designed to support the launch of a blockchain-based iGaming casino.
In return, Elray received preferred stock convertible into a 40% ownership stake in 180 Life Sciences, along with warrants to purchase 3 million shares of common stock, pending stockholder approval.
Sale away: Vincent Cai, chief technology officer at Elray Resources, said this strategic sale is expected to enhance Elray's financial position and open new opportunities for innovation and revenue streams.
He emphasized the collaboration would enable both companies to engage with leading market players, potentially leading to relationships with new operators in the gaming industry.
This move signifies 180 Life Sciences’ entry into the rapidly expanding online gambling market, leveraging blockchain technology to offer enhanced security and transparency in gaming operations.
Events calendar
Jan 7-8: MetaVSummit 2025, Dubai
Jan 21-24: We’re all Gonna Make it: 2025, Miami
Feb 3: Digital Assets Forum, London
Feb 11-13: ITEXPO, Fort Lauderdale
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