METABORA
Headed for Global Multiplicity No.1 via game development and block chain.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | N/A | - | |
| Total Funding | 000k | ||
METABORA operates as a specialized developer of blockchain-based games and is a subsidiary of the South Korean gaming giant, Kakao Games. The company's journey began in 2015 when it was founded as 'Supernova Eleven', later changing its name to 'Friends Games' in 2018. A pivotal moment in its history was the acquisition by Kakao Games, after which it merged with blockchain developer Way2Bit. This strategic consolidation led to a rebranding in March 2022, establishing the company as METABORA to spearhead ventures into Web3, blockchain, and metaverse gaming.
The firm's business is centered on two main pillars: developing casual mobile games, often leveraging the well-known Kakao Friends IP, and operating the BORA blockchain platform. Its portfolio includes titles like 'Friends Popcorn', 'Friends Town', and the play-to-earn golf game, 'Birdie Shot'. The business model integrates traditional in-app purchases with Web3 functionalities. Through the BORA platform, METABORA is building an ecosystem for games, entertainment, and sports content. Revenue generation is tied to game sales and the transactional activities within its BORA ecosystem, which utilizes the BORA token for in-game purchases and as a reward mechanism.
The core of METABORA's service is the BORA platform, which serves as a hub for Web3 gaming and entertainment content. A key feature is the BORA Portal, which provides services like an NFT marketplace and token exchange, designed to support a GameFi-optimized environment. The platform aims to connect a global user base by fostering an ecosystem of partners from various industries. Recently, METABORA has focused on enhancing interoperability by integrating with other major blockchain networks like Kaia, Polygon, and NEAR Protocol, and expanding its reach through partnerships with companies like LINE NEXT. A notable technical feature is 'gas abstraction', which allows users to pay transaction fees using BORA tokens, simplifying the user experience for those not holding the mainnet's native token.
Keywords: blockchain gaming, Web3, Kakao Games subsidiary, BORA platform, mobile game developer, play-to-earn, NFT marketplace, GameFi, tokenomics, metaverse, Kakao Friends IP, BORA token, cross-chain integration, gas abstraction, casual games, crypto assets, digital collectibles, decentralized applications, BORA Portal, blockchain entertainment
