Pokemon Go Hack Developers Niantic Partners With Fold to Launch ‘Real World Metaverse’ With Bitcoin Rewards

Pokemon Go Hack Developers Niantic Partners With Fold to Launch ‘Real World Metaverse’ With Bitcoin Rewards

Pokemon Go Hack Developers Niantic Partners With Fold to Launch ‘Real World Metaverse’ With Bitcoin Rewards

What is ‘Fold AR?’

“Fold AR” is Niantic and Fold’s version of the metaverse, something the company also intends to release soon, with the latest crypto gaming app as one of its focuses. Niantic’s entry into the metaverse is massive, especially as it focuses on debuting a new generation of the virtual world, taking on Meta’s Oculus.

NFT vs. Fold AR games

People have now flocked to NFT games for a combination of games and entertainment in one, something that has been popular today and the main source of income for some people. Titles like Axie Infinity are among the most popular in the NFT game industry now, where they have been the games that people choose to spend their time and develop their careers on.

Most NFT games are played to win, but there are not many titles that are known to be cryptocurrency games yet, as they are different from the other forms of blockchain games. The “Fold AR” approach is somewhat different from the rest, especially since most of the well-known games that involve crypto make use of the Ethereum blockchain, as the industry standard.

Once again, “Fold AR” is not an NFT game and is focused on going on an immersive adventure like “Pokemon GO” with respect to its high mix of digital and real world content. The game is best enjoyed with the next-level integration that uses AR, something that makes it unique from the games available now, as well as its focus on the main cryptocurrency.

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Niantic, the developer behind the popular augmented reality (AR) game Pokemon Go, has teamed up with payment company Fold to launch an AR experience where players can earn Bitcoin in a virtual environment that the company describes as a “metaverse of the real world”. The feature is currently available for Fold app users to play in beta, allowing them to earn Bitcoin and in-app benefits by exploring their physical environment. Niantic is working to expand this experience, fueled by Coatue’s most recent investment of $ 300 million (approximately Rs. 2,234.7 crore) in the company.

“This is the easiest and most fun way to get your first bit of Bitcoin,” said Will Reeves, CEO of Fold. “Anyone can use our [Fold] app to earn Bitcoin and other rewards by exploring the world around them. For us, it has always been important to make participation in the Bitcoin economy easy for anyone, regardless of education or technical background. “.

Rather than finding rare creatures in the world around them, Fold users will be able to discover and collect Bitcoin and other prizes around them, thanks in part to the technology of Niantic’s AR platform. Every 10 minutes, a new block containing fresh rewards is dropped in the vicinity of a player. Once a lock is claimed, the user earns Satoshis, a kind of cryptocurrency, along with other in-app rewards. However, there is an element of luck involved here, as you could lose your Bitcoin earnings if, for example, you come across a ‘poison pill’.

Those interested in putting a spin on the feature don’t have to own a Fold card to play, although cardholders will receive additional upgrades and prizes. Once the game is fully launched, customers will also be able to hide and trade Bitcoin.

The Pokémon Go developer’s vision for the metaverse is quite different from that promoted by Facebook, also known as Meta, which aims to connect users in virtual reality. Niantic Founder and CEO John Hanke published a blog post earlier this year saying that this approach is based on virtual reality, popularized by Ready Player One, is a “dystopian nightmare.”

Niantic’s vision involves creating an “ever-evolving AR map of the world” to “bring the real world to life with information and interactivity,” Hanke said at the time. Coatue’s funding will aim to expand Lightship ARDK, Niantic’s augmented technology that began licensing other developers earlier this month.

Interested in cryptocurrencies? We discussed all things cryptocurrency with WazirX CEO Nischal Shetty and Weekend Investing founder Alok Jain on Orbital,


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