Games and entertainment token BORA (BORA) jumped over 5% on Friday after Mythical Games joined its governance council. The token was trading at US$0.2971 at 6:26 am ET.
But what is Mythical Games?
Mythical Games is a next-generation blockchain gaming studio for ‘play-and-own’ game economies in the Web3 ecosystem. Its platform allows users, like creators and artists, to own and play games. Last month, Mythical Games drew attention after it partnered with the National Football League (NFL) to release a blockchain-based NFL video game.
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Mythical Games was funded in 2018. It reached a unicorn status three years after closing a Series C round of US$150 million led by Andreessen Horowitz or a16z.
The company has also helped develop franchises such as World of Warcraft, Call of Duty, DJ Hero, Guitar Hero, Marvel Strike Force, and Skylanders.
BORA gained huge traction after onboarding Mythical Games in its governance council. Its volume surged 26.39% to US$30.8 million in the last 24 hours.
What Is Bora (BORA)?
BORA is a decentralized ecosystem for games, Dapps, and entertainment. It follows a two-tiered blockchain ecosystem: Kyaytn and Bora chain.
Klaytn is a public blockchain for metaverse and gaming activities, whereas the Bora chain is a modular blockchain used by DApps as an execution layer.
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BORA was launched by a Korean group of blockchain and mobile phone experts. Its CEO Gyehan Song, and CSO, Key Yune, have over 20 years of experience as game developers.
BORA offers an easy-to-navigate API web interface and full interoperability to attract game developers and DApps.
It claims to execute 2,200 transactions per second (TPS), higher than those like BNB Chain.
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Data Source: coinmarketcap.com
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The BORA token has a current market capitalization of US$275.5 million with a circulating supply of 927.5 million. There is a total of 1.2 billion BORA tokens in supply.
It can be traded on OKX, Gate.io, CoinOne, Upbit, and Bithumb.
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Each BORA governance council member is entitled to one vote, irrespective of their position. According to the company, the decisions of the governing council are transparent.
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