Redefining AR gaming and exploration through NFTs
The easiest way to understand what Rebase is all about is to think of it as the Web3 Pokémon Go of urban exploration.
At its core, Rebase uses geolocation technology to overlay a virtual world onto the physical world, creating immersive experiences similar to a treasure hunt.
We now live in a world where the boundaries between the digital and physical world are constantly blurring.
Through the high availability of technologies such as mobile devices, the Internet of Things (IoT), virtual and augmented reality, artificial intelligence and blockchain, the digital realm is an ever-present one.
Augmented Reality (AR) is probably the technology that better reflects this shift. As demonstrated by the enormous success of games like Pokémon Go, humanity is striving for something greater.
Not only did the game’s seamless blend of virtual and physical worlds captivate millions of people when it launched in 2016, it still does today.
With the AR software industry estimated to be worth over $31.1 billion this year, investment and innovation remain strong.
One area that has attracted particular interest is Web3, which promises to increase the performance, security, privacy and, more importantly, the functionality of all software that relies on connectivity. Now Rebase is trying to deliver on that promise… today.
What is Rebase?
Those using Rebase will find NFT-based rewards in locations near them, which they will be able to collect by getting close enough to them. This means users must physically move and explore their surroundings to discover and stamp their favorite collectibles.
Not only are all of these assets limited to a specific location, but their non-fungible nature also means that they are all unique, making the collecting experience even more rewarding-
Unlike other web3 AR projects, Rebase is more about just collecting NFTs. While these NFTs certainly have collectible value, they will also enhance your experience.
Rebase’s approach is also gamified, meaning users will get to compete with other players in different ways in both 2D and 3D. By collecting NFTs, users will gain upgrades and competitive advantages, encouraging them to further explore and collect.
With NFTs wholly owned by their holders, powerful Web3 infrastructure, a crypto-based economy, and the means to bring satisfying experiences to users, Rebase may well be to Web3 what Pokemon Go was to AR.
What sets Rebase apart?
As previously mentioned, Rebase is not the only geolocation-based project currently in the Web2 or Web3 market. However, it seeks to differentiate itself by providing more value to users in different ways. By doing so, the project is able to attract multiple audiences at once, something many projects are unable to do.
Rebase already differs from traditional geolocation-based applications by addressing the issue of ownership. Using NFTs and Web3 infrastructure, Rebase is already appealing to a growing community of blockchain enthusiasts. People really want to own the assets they have rightfully earned, which Rebase allows.
By focusing on ease of use, Rebase also serves those turned away by crypto and Web3’s complex technical nature. Not only does this include regular people, but also players who resent the use of NFTs for no purpose beyond exploiting a trend. In the world of Rebase, NFTs play a role beyond collection, as they are integrated into the experience.
Furthermore, Rebase plans to integrate with multiple blockchain networks it also makes it impervious to the blockchain network race.
Starting with Solana, Rebase will expand to Ethereum and Binance Smart Chain in the near future, some of the largest networks in the blockchain space. This provides more interoperability to Rebase’s NFTs and native tokens, adding value to the end user.
In addition, the platform’s native token is more than just a cryptocurrency, it also plays a crucial role in governing, staking and earning/rewarding the holder’s interaction with the world of Rebase. The token also makes the experience financially rewarding, combining the feeling of exclusivity and the thrill of treasure hunting to create a compelling experience.
$IRL: The Heart of the Rebase Economy
Rebase’s token is $IRL, which serves as the governing, financial and utility token for the entire ecosystem.
With a total supply of 500 million, 35% of these tokens will be dedicated to ecosystem rewards. This ensures long-term sustainability and growth of the Rebase economy by incentivizing continued play from players by adding a layer of player satisfaction.
In addition to being used to acquire in-game assets and premium content, the token will also be used to pay for the fees to add geo-located incentive points, adding more value to the ecosystem.
This makes it possible for business owners, public agencies and other private players to gain visibility by attracting players. Since these incentive points still have to play by the rules of the ecosystem, the player experience will not be negatively affected.
The $IRL token also has staking capabilities that allow players to generate winnings passively while contributing to the ecosystem. By doing so, players will also be able to access additional features and benefits such as a priority for events or exclusive access to incentive points, making their efforts much more than just passive gains.
Finally, IRL holders will be allowed to participate in the governance of the Rebase projects via voting. A user’s vote will always be proportional to the “weight” of their holdings, ensuring that those who are more invested in the ecosystem’s success are more likely to have a say in the future.
The new world
There are more and more AR/VR tools out there, and despite a slow start, metaverse development is ongoing. The world will need platforms like Rebase that combine cross-platform technologies and make the online world global.
As of now, Rebase is in the beta phase. Although this means its functionality is limited at this time, the project has already attracted over 20,000 users in 23 countries, who have collectively explored over 200,000 miles.
Not only is this enough to walk the Earth’s equatorial circumference 8 times, but almost enough to walk to the moon.
This feat requires interaction that goes beyond social media and crypto exchanges, and reflects a great interest from the community that goes beyond what other projects have achieved.
Investors have also been quick to back Rebase, with notable names such as Animoca Brands, Defiance Capital, Spartan Group and Tribe Capital participating in a $7.5 million funding round.
With a good idea and funding, Rebase is well positioned to grow in the years to come.
The past, present and future of Rebase
Rebase’s future looks promising when you look at the roadmap. With the slow beta rollout that took place earlier this year, the team is now focusing on launching the $IRL token via its Token Generation Event (TGE) and Initial Dex Offering (IDO) this quarter.
The official app will also be launched in IOS and Google Play, as well as the introduction of Rebase’s cross-chain features. AR simulations, geo-fencing incentives, new NFT collections and more are scheduled to take place in the third quarter.
Rebase must work with all popular technology, and be inclusive.
With a unique proposition that promises to bring rewarding and compelling experiences to its users, Rebase may well reach the status of projects like Pokemon, Axie Infinity and Crypto Kittens.