Faraway Gaming Studios has launched the $RIFT token, the currency for its new Rift platform, described as a "Shopify for AI Agents." The platform enables users to enhance AI agents with plug-ins for tasks such as automation, blockchain validation, NFT creation, and trading. The launch included an airdrop targeting HV-MTL and $J3FF token holders, with 54.8% of the token supply allocated to the community. Initial trading of $RIFT on the Solana blockchain began at 10 AM and saw significant activity, with the token's market cap reaching $300 million and trading at $85 million initially. Faraway secured $29 million in funding from Andreessen Horowitz (a16z) to develop the platform. The tokenomics include 20% allocation for HV-MTL holders, with 10% unlocked immediately and the rest over 12 months. The launch highlights the growing popularity of AI modules and marks a major step in Faraway's efforts to integrate AI and blockchain technologies.
To my @AgentSploots holders that are wondering about $RIFT I didn’t forget people who actually care about what I do. https://t.co/K4EHhPo7HP
The $RIFT token was airdropped and launched today by @farawaygg Initial volume went crazy as well as price movement up toward 300M+ We did a full interview with the co - founder @apaley13 Watch it here👇https://t.co/2Mfcwfmekg
But seriously. Why is my wealth tied directly to the X algorithm? Saw nothing about $rift. No one talking about it on my feed. Didn’t even know it was a thing really. Why was it not just a claim for everyone associated? Just a bit confused.