BORA crypto rises as Mythical Games joins its governance council

Follow us on Google News:
 BORA crypto rises as Mythical Games joins its governance council
Image source: © Alexanderushkevich | Megapixl.com

Highlights:

  • BORA (BORA) is a decentralized ecosystem for games and entertainment.
  • It claims to execute 2,200 transactions per second (TPS). 
  • The token has a current market capitalization of US$275.5 million. 

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. 

Also Read: AVAX crypto soars as teams vie for US$800,000 hackathon rewards

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.  

Also Read: Why is Solana (SOL) crypto gaining attention?

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. 

Also Read: Why is Aventus (AVT) crypto gaining attention?

BORA crypto rises as Mythical Games joins its governance councilData Source: coinmarketcap.com

Also Read: Bitcoin falls to fresh 18-month low as crypto meltdown deepens

BORA token:

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. 

Also Read: Blockchain bridge-maker ICON (ICX) crypto soars after KuCoin listing

Bottom line:

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. 

Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instruments or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media LLC (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.

Featured Articles