Bora Network, a subsidiary of Kakao Games, announced an agreement with Ethereum expansion platform Polygon to build a cross-chain environment.
It was only six months since the company changed its mission to move forward in the blockchain business in February.
“The Bora Network has had many years of experience operating intellectual property (IP) under the Kakao Group, but it has no experience in the blockchain or the Krypto world,
” said Woo Sang-joon, CEO of Metabora, at a meeting held on the 8th. “I thought the Crosschain strategy was essential to deliver quality IPs to the Bora Network,” he said.
“The agreement is the first step toward expanding the global ecosystem and expanding user liquidity,” he said. “If cross-chain is in full swing, the experiences of the Bora Network will condenses and deliver them to the global market quickly.”
According to him, crosschain is a strategy to meet blockchain platforms such as Ethereum and Polygon at once. In order to meet world krypto users in the global environment, a kind of ‘highway’ is needed, and crosschain will be used as a ‘highway’ to expand its contents globally.
Woo suggested that it is possible to move and exchange Bora’s assets and data to other chains about the effect of cross-chain with major platforms. He explains that users of Bora can meet with users of other blockchain platforms and enjoy the same contents.
“This means that many partners who have made agreements with Bora can meet world krypto users by meeting the world of Bora Krypto,” Woo said. “Bora token holders can also benefit from additional benefits.”
In order to collaborate with Polygon, Bora plans to expand the polygon NFT ecosystem of the NFT marketplace in the Bora portal.Polygon said it will provide technical support to Bora, support partner companies that cooperate with Bora and polygon ecosystem onboarding of IP-based NFT, and create synergies.