Cryptocurrencies

BORA Partners with Polygon to Create a Cross-Chain Platform

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Written By: Michael Abadha
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    Summary:
  • BORA, the blockchain platform, has formed a partnership with Polygon to expand its offerings to users. We tell you the changes it brings.

BORANETWORK, a subsidiary of METABORA has held a conference on BORA, its blockchain-based content platform. The conference took place as part of the Korea Blockchain Week 2022. At this conference, KakaoGames and BORANETWORK delivered updates on BORA’s current operations and plans for the ecosystem’s future growth. Also, BORA announced a partnership with Polygon under the name BORA NEXT: Expanding Across & Beyond.

The cooperation creates a user-friendly and easy environment to access from anywhere globally by establishing a cross-chain connection with global blockchain platforms. Also, with the use of BORA Portal, the platform is building GameFi-optimized services like NFT trading and token exchange.

BORA and the relevance of Polygon partnership

BORANETWORK is a division of METABORA, a developer of casual and blockchain games as well as the blockchain platform BORA. Its native token, known as BORA, is an entertainment token that has a high liquidity on the market. This helps to make the platform’s users and services more accessible to people in other countries. Currently, the network wants to increase the token’s presence on cryptocurrency exchanges around the world.

Also, BORA is working on expanding its partnerships with other networks. Currently, it offers a wide range of blockchain-based games and entertainment products. These products are both easy to use and built on a solid foundation of past success.

By partnering with Polygon, it intends to expand the BORA portal marketplace ecosystem to include Polygon NFT compatibility. BORANETWORK will receive technical support from Polygon, and Polygon will assist with onboarding BORA’s partners and NFT IPs into the Polygon ecosystem. Also, users will enjoy low fees and fast transactions while leveraging the inherent security of the Ethereum network by utilizing Polygon.

BORANETWORK’s cooperation with Polygon is a first step toward developing a “cross chain” environment that would broaden its worldwide ecosystem and increase its liquidity. Furthermore, its gaming ecosystem will benefit from more liquidity and increased composability thanks to Polygon. To ensure continued growth of the ecosystem, the firm intends to collaborate closely with a wide range of partners to explore and develop new approaches and content.

This post was last modified on Aug 08, 2022, 09:09 BST 09:09

Written By: Michael Abadha

Michael is a self-taught financial markets analyst, who specializes in analysis of equities, forex and crypto markets. He draws his inspiration from the fact that markets provide an interface through which the world interacts in search of a better tomorrow.

Published by
Written By: Michael Abadha