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BORA

BORA

  • Game Platforms
Established Year
2018
Headquarter
Korea
Operating Status
Active
Ecosystem
Klaytn
Bora is a decentralized ecosystem for games and entertainment. It aims to attract games and applications from the GameFi sector to its Bora Chain, in order to avoid building on blockchains such as Ethereum, which have high gas fees. To achieve this, Bora follows a two-tiered blockchain system: the BORA token is traded on the Klaytn blockchain, while the Bora Chain is a modular blockchain that can be used as an execution layer by decentralized applications. In 2020, South Korea's top game publisher and service provider, KaKao Games, became the major shareholding company of Bora development company Way2Bit Inc. by acquiring additional stocks up to 48.5% of Way2Bit Inc.

Frequently Asked Questions

What Is Bora (BORA)?

[Bora](https://www.coinlive.com/coin/bora) is a decentralized ecosystem for games and entertainment. Bora aims to attract games and applications from the [GameFi](https://coinmarketcap.com/alexandria/glossary/gamefi) sector to its Bora Chain to avoid building on blockchains like [Ethereum](https://www.coinlive.com/coin/ethereum) that have high [gas](https://coinmarketcap.com/alexandria/glossary/gas) fees. For that reason, Bora follows a two-tiered blockchain system: the BORA token is traded on the [Klaytn](https://www.coinlive.com/coin/klaytn) blockchain, a public blockchain that is focused on metaverse and gaming use cases. The Bora chain is a modular blockchain that can be used as an execution layer by decentralized applications. The Bora team provides development toolkits that support developers with creating decentralized applications for its ecosystem. It also utilizes Bora Points, a currency within the ecosystem as a resource for development and to incentivize contribution to Bora. Bora Points can subsequently be converted to the BORA token.