In the fast-evolving landscape of augmented reality and blockchain technology, Rebase emerges as a groundbreaking application that seamlessly blends the physical and virtual realms. This AR Adventure & Web3 lifestyle app introduces users to an exhilarating world of exploration, collection, and redemption, where exclusive digital rewards come to life in the real world. With over 10k+ downloads on Android and a journey that began in 2022, Rebase has firmly established its presence on both the Solana and Arbitrum blockchains.
Imagine a “Web3 Pokémon GO” experience, where geolocation technology connects users with events and incentives scattered across the map of the real world. Rebase transforms this concept into a dynamic reality, leveraging blockchain and NFT technology to deliver a unique and engaging user experience. The app utilizes geofencing technology to target campaigns, creating a sense of exclusivity and urgency that encourages users to embark on physical adventures in search of treasures.
Rebase’s mission is multifaceted:
1. Social Interaction: Bringing the Metaverse into the Real World – Rebase strives to blur the lines between the digital and physical, fostering a sense of interconnectedness and community in both realms.
2. Decentralization: Revolutionizing Web3 – By harnessing the power of decentralized blockchain technology, Rebase aims to revolutionize the way we interact with the digital world.
3. Community: User First – Rebase places its users at the forefront, offering accessibility and opportunities for all, regardless of technical proficiency.
4. Mechanism: Find to Earn – The core mechanic of Rebase is centered around users exploring, discovering, and earning rewards in the real world.
The “Move2Earn” model is Rebase’s innovative solution for those seeking to earn while staying active. By rewarding users for physical activity, such as walking and exploration, Rebase promotes a healthier lifestyle.
The application goes a step further by converting traditional creator files, such as images, movies, and sounds, into NFTs, granting them a newfound, measurable value. This democratizes the NFT creation and trading process, making it accessible to users of all technical backgrounds, and providing them with innovative avenues for creation, community building, and monetization.
Earning within Rebase:
Backpack coins (BPC): Users of the Rebase App can earn BPC based on three key parameters: distance traveled (steps), items found on the map, and missions completed.
Redemption options in Rebase:
- BPC can be converted into the native token, $IRL.
- Exclusive raffle tickets for in-game rewards and real cryptocurrency coins can be purchased.
- Users can upgrade their in-game statistics for their Backpack.
One of Rebase’s most vital components is its geolocation feature, enabling the placement of data in real-time at specific locations. This functionality has several applications:
- Displaying NFTs on the map, making them available for viewing and purchase at their real-world locations.
- Assigning real locations to purchased virtual land, creating opportunities for users to build their real estate or lease it to others.
- Locating and assigning virtual objects to specific areas on the map, enhancing the overall gaming experience.
Rebase’s impressive journey includes a successful funding round, with contributions from prominent VCs like Animoca Brands, DeFiance Capital, Alameda Research, Spartan Capital, Genblock Capital, and Antifund VC, raising $8M to merge the metaverse with the physical world.
$IRL is the native cryptographically secure fungible protocol token of Rebase with certain attributed governance and utility functions specified in the protocol/code of Rebase, desi
- Use: purchasing in-game assets, premium accounts, NFTs, etc.
- Fee: For adding your own geolocated incentive points on the Rebase Echopath Layer
While Rebase has yet to announce significant updates since its transition to Arbitrum and the release of its native token $IRL, it remains an exciting project that combines physical activity with entertainment in a unique way. As it continues to evolve, Rebase has the potential to captivate audiences much like Pokémon GO once did. We can also look forward to an upcoming $IRL airdrop for early supporters of the product, which will help the project connect with even more users.