The creators of Pokémon GO, Niantic Labs, and Fold have launched a Bitcoin-hunting AR game using the technology developed by Niantic Labs.

In order to offer the same experience to Bitcoin rewards, Fold is using Niantic technology.

According to a Tuesday Decrypt report, Fold AR will debut on Nov 23. In this game, users will hunt for bitcoin and other prizes using augmented reality technology on their smartphones.

Fold CEO Will Reeves told Decrypt that the rewards will replace the creatures in the game similar to Pokemon Go.

In addition to searching for and collecting real bitcoins, Fold customers will also receive rewards in the environment around them. This feature is similar to Niantic's Pokémon Go game, in which players hunt for creatures and earn rewards in return for them.

Besides earning satoshis - the smallest possible Bitcoin unit, players also have the possibility of winning spins that can lead to greater rewards.

The CEO of Fold also mentioned that in the future it will be possible to "you will be able to find actual collectibles in the Fold AR experience that endow holders with special privileges, increased earning opportunities, and benefits as well, such as a permanent increase in rewards."

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Currently, Fold users can access the feature every day, though for a limited time only. The feature will be rolled out broader in the future, and Visa debit cardholders will enjoy special rewards and bonuses.

As of 2021, there are a quarter-million app users, with approximately half a billion transactions having already been made through Fold's spend and deposit features.

Pavan A

CBW - External Analyst

INDIA