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Polygon will be hosting FORE Protocol for an AMA next week - join here to be notified.

FORE is a protocol incentivizing the wisdom of the crowd to bring real-world data to the blockchain. FORE Predict, the first decentralized application (or dApp) built on FORE Protocol, is decentralizing and disrupting the predictions market via a peer-to-peer predictions platform. FORE has built a people-powered ecosystem where users create markets, participate in markets, and validate markets on any real-world event. Unlike most prediction markets set up to extract maximum value from their users, FORE was created to reward users for their participation through the redistribution of platform fees.

Fees for participation are considerably lower on FORE Predict than traditional prediction markets because there is no centralized middleman (or house): FORE Predict is simply open-source software built to facilitate community creation, participation, and validation of peer-to-peer markets on the blockchain. While FORE plans to be chain-agnostic, FORE Predict will be launching its mainnet on the Polygon PoS chain in Q2 of this year, ensuring secure, low-cost, and high-speed transactions from day one. The protocol leverages Polygon smart contracts and a robust token economy to ensure decentralized, trustless, and immutable payout of rewards to participants.

Polygon currently sees half a million Daily Active Users on the network. By building on the Polygon network, FORE plans to tap into the rapidly growing user base of sports, esports, and betting fans already in the Polygon ecosystem: offering them a platform on which they can participate in markets on any real-world event. Furthermore, FORE plans to tap into the plethora of synergistic partners (and their respective user bases) already within the Polygon ecosystem, from DraftKings through to NFL.

By creating a unique tokenized incentive model that actively rewards user participation, rather than just charging for the privilege of using the platform as other projects do, FORE plans to capture market share from leading prediction markets in the space. Furthermore, this people-powered model enables FORE to tap into various user risk profiles currently outside of the prediction ecosystem, appealing to individuals who can be rewarded for acting as the ecosystem's ‘architects’ without the potential consequence of loss. Market creators and validators can generate ‘almost-passive’ income by creating unique and interesting markets and validating market outcomes to upload real-world data to the blockchain.

“Web3, the blockchain ecosystem that shifts power (and value) from centralized entities to the individual, is built on incentives. As a web3 protocol, we want to use incentives to create a productive and profitable economy for users who are rewarded for productive behavior on the protocol through the redistribution of fees and share the benefits of protocol growth.”                                                                                                                                                                                 -Andrés Soriano, Co-Founder of FORE Protocol

With people at the heart of this business model, FORE’s upcoming Hackathon on January 16th will serve as an early access launch where users can participate in the FORE ecosystem, provide feedback to the developers, and help build a truly people-powered predictions platform – while working to challenge a legacy industry in need of disruption. Click 'GET ACCESS' below to take part.

About Polygon

Polygon is the leading blockchain development platform, offering scalable, affordable, secure and sustainable blockchains for Web3. Its growing suite of products offers developers easy access to major scaling solutions including L2 (ZK Rollups and Optimistic Rollups), sidechains, hybrid, stand-alone and enterprise chains, and data availability. Polygon’s scaling solutions have seen widespread adoption with tens of thousands of decentralized apps, unique user addresses exceeding 174.9M and $5B+ in assets secured. The network is home for some of the biggest Web3 projects such as Aave, Uniswap, OpenSea and well-known enterprises including Robinhood, Stripe and Adobe. Polygon is carbon neutral with the goal of leading the Web3 ecosystem in becoming carbon negative.

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