BORA

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.