Geon Network Limited launched its augmented reality (AR) and blockchain app, described as “Foursquare Meets Pokemon GO”.
The release of 1.0.0 allows anyone to use their phone to create and find two types of customizable AR beacons or “Geons”: a Geon with Geon Coins and a “Secret Message” Geon. These Geons can take any shape and can be seen and accessed by anyone with the GEON app.
“Secret Message” Geons can hold discount codes, secret messages or game clues. Geons with Geon coins hold digital coins that, in future versions of the app, can be converted to crypto. Both types can be created anywhere in the world, as long as the user has the GEON app.
Ways in which GEON 1.0.0 can be used :
- GEON users can hide clues in “Secret Message” Geons and scatter them across a city for scavenger hunts or geocaching.
- Business owners can create Geons in their stores, load them with discount codes and other GEON users can access them and receive discounts on merchandise or services.
By 2021, the combined market size of augmented and virtual reality is expected to reach 215 billion U.S. dollars. With tech giants helping developers secure the right tools, the development of new software will rise dramatically. In addition, the use of location-based software for hyper-local relevant content and ads is proving to be hugely effective in engaging with consumers worldwide.
Robert Radek, CEO of GEON Network, stated, “We are excited to introduce our groundbreaking app. GEON is a mix of location, AR, and cryptocurrency on a blockchain-powered platform that opens up a world of possibility for gaming, charity, retail, and many other industries.” He added, “The unique combination of AR and location, with the added tool of secure value transfer, means the applications are endless. We are excited to get the app into the hands of users and developers and to explore the many ways it can be used.”