Bitcoin geocaching iOS app ‘takara’ adds support for Counterparty tokens

  Takara, the first Bitcoin geocaching iOS app by MandelDuck,  has added support for Counterparty assets in-app. This is the first  demonstration of fungible in-game assets deployed in an augmented  reality application.   

 The game has been developed by Christian Moss of mobile game company  MandelDuck. Takara, which is Japanese for “treasure”, allows users to  plant and hunt for bitcoin treasures planted across the world.
 

Counterparty is the leading  platform for in-game assets and mobile token applications. Most  cryptocurrency projects utilizing in-game assets and tokens are now  using Counterparty. These tokens offer functionality beyond financial  applications and can be used as coupons, entry passes, authentication  tokens to augment password security and more.
 

According to Counterparty, geocaching is a logical use for its tokens,  perfect for 21st century advertising techniques. The ability to drive  traffic to a location by offering specialized assets at that location  will facilitate never before seen marketing methods. Moreover, it  believes that users will be more open to the concept of buying digital  assets than they have been thus far if the in-game assets being sold are  “fungible”, meaning they can be sold or traded later.
 

“The blockchain can liberate game items from their parent game  allowing the same item/token to be collected, traded and utilized across  several platforms”, Moss said. 

 IndieSquare, a multi-purpose wallet for cryptocurrencies that brings Counterparty to mobile, explained in a blog post  that with this integration, users can pick up not only bitcoins but  also Counterparty tokens when they get close enough to the Takara boxes  on the map. It works in a similar way as Pokemon Go but instead of  Pokemon, Takara users can pick up bitcoins and various tokens. Tokens  can represent coupons, tickets, loyalty points, company stocks, game  items etc.
 

“The popular bitcoin geocaching iOS app “takara” by MandelDuck has  been updated on the Appstore and adds a feature to drop and pick up  Counterparty tokens using IndieSquare’s API”, IndieSquare said.  “Developers who wish to build mobile token applications like Takara can  check out the pre-launched IndieSquare’s API and SDK documenation”.
 

To prevent people from spoofing their location and stealing the Bitcoin  or Counterparty asset, a location specific question can be added that  the user must answer before receiving the tokens.
 

“The user always holds the private key of any takara they drop. If a  question is added to a takara then the private key stored on the server  is encrypted with the answer and the answer is not stored. The only way  to decrypt that takara’s private key is to go to the location and  answer the question”, Moss explained. 

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