Ronin Network Expands Its Ecosystem with the Launch of Prediction Market Platform Forkast and Teases a New Era with Operation Leviosa

Ronin Network is making waves in the crypto world with two major developments: the launch of Forkast, a prediction market platform, and the teasing of a "new era" for the platform. These moves highlight Ronin's focus on enhancing its ecosystem.

Meanwhile, blockchain platforms are striving to become more practical for everyday use. It remains to be seen how these updates will impact users and the price of the network's native token, RONIN.

Forkast, a prediction market platform, has recently joined the Ronin ecosystem. The platform, launched on January 7th, allows users to predict various topics, ranging from gaming and esports to streamers and web3 events. Users can earn rewards through weekly loot boxes containing prediction credits, tokens, and other incentives.

Forkast users can engage in real-world event predictions and earn $CGX tokens as rewards. The integration with Ronin Waypoint enables gasless transactions and simplified onboarding via email or social accounts.

In other recent developments within the Ronin Ecosystem, after operating as a curated chain for four years, Ronin has teased the arrival of a "new era" with Operation Leviosa, set to begin next month. This operation will open the network to diverse projects, from games to DeFi applications, following the network's transition from an exclusive, curated ecosystem.

The network's initial exclusivity approach, which helped maintain focus and quality, is now evolving to embrace a broader ecosystem. This change allows projects on other chains to build on Ronin, removing previous exclusivity restrictions and presenting new partnership opportunities.

On another note, the platform has also integrated Transak, allowing users in 160 countries to directly purchase cryptocurrencies with fiat currency. The system supports RON, USDC, WETH, and SLP purchases through traditional payment methods, such as credit cards and digital wallets. This partnership extends to NFT Checkout on Mavis Market, transforming digital asset purchases into a familiar e-commerce experience.

Despite these exciting events within the Ronin Ecosystem, the RON price performance has been relatively muted. The token currently trades at $1.86, showing a decline of roughly 5% in the past seven days. Although the token's market cap is around $697 million at press time, it still faces consistent downward pressure. This is evident in the drop of the 24-hour trading volume by 17% to sit at $16.76 million at the time of writing.

Within the Gaming Ecosystem, Pixels has emerged as a standout success with over 1.3 million daily active users, while Lumiterra has demonstrated strong market potential with $1.65M in NFT volume during its beta phase. Forgotten Runiverse has captured significant user engagement with 1.4M hours of gameplay, and The Machines Arena is preparing for its anticipated launch on Steam and PS5 on January 14th.

Ronin's 2024 in numbers | Roninchain Blog

However, the network's growth extends beyond gaming through strategic partnerships with industry leaders, including Binance, Coinbase, and Chainlink. Implementing Chainlink CCIP as the primary cross-chain infrastructure represents a significant advancement in security and interoperability. These developments, combined with the upcoming permissionless transition in early 2025, position Ronin for substantial growth beyond its gaming-focused origins.