Best known for creating the augmented reality (AR) mobile games Ingress and Pokémon Go, the software company Niantic revealed it has partnered with the bitcoin rewards company Fold. They unveiled an AR game which allows users to make bitcoins in the metaverse.
Bitcoin Rewards Company Launches Fold AR
Fold announced the launch of Fold AR, an app that rewards users with bitcoins. Fold collaborated with Niantic in order to create the game and advance the metaverse. Fold AR “allows users to earn bitcoin and in-app benefits by exploring their physical surroundings.”
Fold AR’s initial rollout began on Tuesday. A small number of people will have the opportunity to play the game each day for limited periods.
“This is the easiest, most fun way to get your first piece of bitcoin,” Fold’s CEO Will Reeves said in a statement. “Anyone can use our app to earn bitcoin and other rewards by exploring the world around them. For us, it’s always been important to make participating in the bitcoin economy easy for anyone, regardless of education or technical expertise.”
Niantic is well known for producing the AR mobile games Ingress and Pokémon Go. Ingress was downloaded 20,000,000 times around the world in 2013. Ingress will be available for subscription in 2021.
However, the free version of Ingress is still available, and it’s still one of the most well known AR games today. Niantic also developed the popular AR mobile game Pokémon Go which has roughly 147 monthly users worldwide. In 2020, Pokémon Go raked in $6 billion in revenue and the game’s been downloaded more than a billion times.
“We see a future where our platform technology and AR tools pave the way for new entertainment experiences and real-world connections,” Niantic executive Meghan Hughes stated. “Games always help us push the boundaries of technology and allow us to incubate some of our most audacious thinking, but we see incredible opportunity in multiple categories including payments. Working with Fold, which has always been at the forefront of making bitcoin accessible, is a perfect collaboration for Niantic and a great use case for augmented reality.”
How do you feel about Fold AR being launched with Bitcoin rewards by Niantic and Fold? Please comment below to let us know your thoughts on this topic.
Images CreditsShutterstock. Pixabay. Wiki Commons. Fold blog.
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