Niantic, the studio that hit smartphones Pokemon GO, provided the AR platform to payment company Fold to create a new kind of catch-all adventure – but this time, players are hunting Bitcoin, not monsters.
Payment company To fold used Niantic’s augmented reality platform to create an in-app experience where users can earn bitcoins by exploring a virtual environment based on their immediate environment, described by the firm as a “meta-universe of the real world.”
Users will be able to find and collect bitcoins and other prizes around them using the app. Every 10 minutes a new block with a fresh prize appears next to the player. By stating a block, the user earns satoshi, the smallest unit of bitcoin, along with other rewards. However, if you collect “sexy coins” or “poison pills”, you may end up losing all the bitcoins you collect.
This is how Fold describes his experience. blog – it’s even cheeky enough to use a GIF of Mario collecting coins in Super Mario World:
The AR experience acts as a natural extension of the Fold app, which already gives you the ability to earn bitcoins while going about your daily life: buying coffee, shopping, paying bills and even paying taxes. While the experience is open to everyone, Fold Card holders can collect additional spins and bonuses to increase their Fold Card rewards.
The total experience will drop next year and will allow people to find, trade and hide bitcoins and other rewards around the IRL world, and will also give sellers the ability to engage the community with incentives and offers. It all started with someone saying, “Let’s make PokemonGo, but for bitcoins,” and ended with the words, “Let’s create a new way to exchange and exchange bitcoins with others.”
Fold CEO Will Reeves also said the following:
This is the easiest and most fun way to get your first bitcoin. Anyone can use our [Fold] an app to earn bitcoins and other rewards by exploring the world around them. It has always been important for us to make it easier for everyone to participate in the Bitcoin economy, regardless of education or technical background.
What do you think of this venture? Let us know in the comments.