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Cryptocurrency News Articles

RIFT AI Platform Unveils RIFT Token, Targets to Become "Shopify App Store for AI Agents"

Jan 31, 2025 at 09:00 pm

US developer Faraway Games has recently announced the launch of its RIFT token, in conjunction with revealing additional details about its RIFT AI platform.

RIFT AI Platform Unveils RIFT Token, Targets to Become "Shopify App Store for AI Agents"

Video game developer Faraway Games, based in the US, has announced the launch of its RIFT token and provided additional details about its RIFT AI platform.

The platform, likened to a “Shopify App Store for AI Agents”, provides AI modules that enhance the capabilities of AI agents to operate more intelligently onchain.

These modules include abilities such as becoming a node validator for Faraway’s Fchain blockchain, creating NFTs, managing storefronts, and more. Users can integrate their AI agents into RIFT from various platforms, purchase new functionalities, and upgrade their agents.

The platform enables agents to generate revenue by participating in activities like becoming an Fchain validator and managing their treasuries. While Faraway currently offers the modules, the platform will evolve to include skills from other developers and games.

Developers can charge agents for these skills, with payments being processed from the agents’ treasury wallets in either USD or the module’s native token. All module tokens are paired with the RIFT token.

Regarding token distribution, RIFT allocates 54.8% to the community, 22.2% for treasury and ecosystem growth, 13% to the liquidity pool, and 10% to core contributors.

Operating on a multi-chain basis, all agent operations will be validated and recorded on Fchain, while RIFT will be used for transactions within the ecosystem. Initially launching on Solana, RIFT will later be integrated into Faraway’s Fchain blockchain and Hyperliquid.

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Other articles published on Feb 01, 2025