Some NFT holders linked to the Faraway ecosystem did not receive RIFT tokens during the recent airdrop, sparking frustration among users, including major investors who spent significant amounts on project assets.
Token Launch and Community Reponse
RIFT was launched as part of the FCHAIN ecosystem, a new blockchain focused on gaming and entertainment. Within the first hour of listing, its market cap hit $300 million, but it has since dropped to $63 million, with the token trading at $0.063.
RIFT is tied to NFT collections from Yuga Labs, including:
- HV-MTL: 24,000 tokens (floor price: 0.04 ETH)
- Kodamaras: 7,300 tokens (floor price: 0.075 ETH)
However, even holders of a large number of these assets did not receive RIFT. Prominent NFT trader Dingaling voiced his frustration.
“I hold 264 Mara, 263 Otherdeeds, 198 HV-MTL. Received 0 $RIFT. Amazing,” he says.
Dingaling’s portfolio is valued at around 63 ETH (~$202,000), but 35 ETH of it consists of Otherdeeds, which are not yet integrated into Faraway’s gaming ecosystem.
Faraway's Response
The situation worsened after Faraway CPO Spencer Tucker made a dismissive comment on social media, which he later deleted:
"Follow the instructions we gave for a month or GTFO."
This isn’t the first airdrop to trigger backlash, with previous projects struggling to filter bots and multi-accounts. However, users are once again expressing a simple thought, “Just give away the tokens”
Why Users Didn’t Receive RIFT
To qualify for the airdrop, users had to:
- Hold HV-MTL NFTs or $J3FF tokens.
- Connect their wallet to the Faraway website.
- Submit an application.
The deadline for linking wallets was January 24, and the team repeatedly warned users via Discord. However, some failed to complete all steps and were disqualified.
The RIFT airdrop allocation:
- 10% for HV-MTL holders
- 10% for future HV-MTL activities
- 20% for F node rewards on FCHAIN
- 14% for future community initiatives
- 0,8% for partner communities
Only 10,8% of the total airdrop supply has been unlocked so far.
Future of RIFT and Player Reactions
RIFT is the first token of FCHAIN, a new Layer 1 blockchain tailored for gaming and entertainment.
Another major NFT holder, Adam Hollander, called the situation the “most offensive experience” of his time in Web3:
"Spending a massive amount of time on HV-MTL and LotM, only to receive nothing in RIFT — it’s just insulting," he stated.
So far, Faraway has not issued an official statement, and neither Spencer Tucker nor other company representatives have responded.
This post is for informational purposes only and is not an ad or investment advice. Please do your own research making any decisions.