Children love stories; they even need them. Through stories, they do not only dive into a fantasy world, but also learn to understand facts. Storytelling as a method of knowledge transfer is therefore widespread and essential. Can this tool be raised to a new, more effective level with the help of augmented reality (AR) technology? What potential or risks does augmented reality entail for children? The theoretical framework of this work is the topic of storytelling and its influence on children as a tool for knowledge creation, which is followed by the technical basics of augmented reality. Theoretical learning approaches as well as practical examples and various studies on learning efficiency reveal additional factors with regard to added didactic value. A model based on research literature with categories of AR storytelling is then applied to three case studies, and the results are evaluated by means of expert interviews put into a practical context. Finally, the author discusses the limitations of the use of technology in imparting knowledge to children.