• HOME
  • GUEST POST
  • ABOUT US
  • CONTACT US
  • DISCLAIMER
  • PRIVACY POLICY
Tuesday, December 2, 2025
No Result
View All Result
  • HOME
  • NEWS
    • POLITICS
  • BUSINESS
    • INTERNET MARKETING
  • FINANCE
    • CRYPTO
  • ENTERTAINMENT
    • MOVIE REVIEWS
  • SPORTS
    • CRICKET
    • FOOTBALL
    • WWE
  • TECH
  • HEALTH
  • TRAVEL
  • BLOG
    • AUTOMOBILE
    • CASINO
    • DEALS
    • LIFESTYLE
    • EDUCATION
  • HOME
  • NEWS
    • POLITICS
  • BUSINESS
    • INTERNET MARKETING
  • FINANCE
    • CRYPTO
  • ENTERTAINMENT
    • MOVIE REVIEWS
  • SPORTS
    • CRICKET
    • FOOTBALL
    • WWE
  • TECH
  • HEALTH
  • TRAVEL
  • BLOG
    • AUTOMOBILE
    • CASINO
    • DEALS
    • LIFESTYLE
    • EDUCATION
No Result
View All Result
Cover365
No Result
View All Result
Home CRYPTO

Faraway’s RIFT Airdrop Sparks Outrage Among NFT Holders

by Sanjay Bijoy
10 months ago
in CRYPTO, NEWS
Reading Time: 7 mins read
0 0
0
Share on FacebookShare on TwitterShare on WhatsAppShare on LinkedInShare on RedditShare on Pinterest

Faraway’s latest airdrop for its AI-driven token RIFT has left many NFT holders fuming after they were left out of the token distribution. While the project’s market capitalization soared to $300 million shortly after launch, the distribution controversy has dominated discussions, with major holders expressing their frustration online.

NFT Holders Left Empty-Handed

Crypto gaming firm Faraway, which recently acquired Yuga Labs’ Legend of the Mara and HV-MTL games, rolled out an airdrop for its new token RIFT. However, many prominent NFT holders were stunned to find themselves excluded from the token distribution.

One of the most vocal critics was Dingaling, a well-known NFT whale who owns a significant stake in Faraway and Yuga-related assets. He took to X (formerly Twitter) to vent his frustration, stating:

“Holding 264 Mara, 263 Otherdeeds, 198 HV-MTL. Zero $RIFT airdrop LMAO. Amazing.”

His holdings, valued at roughly 63 ETH (around $200,000), include assets from both Faraway and Yuga ecosystems. While his Otherdeeds NFTs remain under Yuga’s control, they are closely tied to the gaming ecosystem that Faraway has now taken over.

Faraway Labs NFT gaming controversy

Spencer Tucker’s Harsh Response Fuels Backlash

Faraway’s Chief Product Officer, Spencer Tucker, didn’t help the situation. In a now-deleted post, he bluntly told disgruntled users:

“Pay attention to instructions given week over week for over a month or GTFO.”

Dingaling responded with a brief but telling: “Message received.”

Tucker’s comments only intensified the frustration within the community. Many felt the company’s handling of the airdrop lacked transparency and respect for those who had invested time and money into the ecosystem.

Airdrop Requirements Raise Questions

To qualify for the airdrop, users had to meet strict criteria, including:

  • Holding HV-MTL NFTs or the $J3FF AI agent token
  • Connecting their wallets to the Faraway website before Jan. 24
  • Some users were also selected through an application process released on Jan. 23

Despite multiple Discord announcements reminding holders to complete these steps, many claim they either didn’t receive clear instructions or were unfairly excluded.

A large portion of the RIFT token allocation was directed towards various community segments:

Allocation Category Percentage
HV-MTL Community 10%
Future HV-MTL Activations 10%
F Node Rewards on FCHAIN 20%
Future Community Activations 14%
Partner Communities 0.8%

Only 10.8% of the total airdrop supply has been unlocked so far, meaning more distributions could come in the future. But for now, that’s little consolation to those who missed out.

The Growing Frustration with Airdrops

The RIFT fiasco isn’t the first time an airdrop has left users feeling betrayed. Across the crypto space, airdrops have increasingly become complex, restrictive, and frustrating for users.

NFT whale Dfarmer previously criticized these convoluted requirements, sarcastically posting:

“If you make us get a role in Discord, expose our wallets to attack vector, inscribe our social security number in the next block, and name our firstborn after you—it is NOT an airdrop.”

The sentiment is clear: users just want straightforward token distributions. Instead, many protocols are implementing barriers that make claiming tokens difficult, frustrating, or outright impossible for some holders.

The Silence from Faraway

Despite the uproar, Faraway Labs has yet to respond publicly. Neither Spencer Tucker nor the company has addressed the growing frustration in the community.

Meanwhile, Adam Hollander, another long-time Yuga supporter, expressed his disappointment, saying:

“The fact I didn’t get a $RIFT allocation after the legitimately traumatizing amount of time I spent on HV-MTL and LotM is perhaps the most offensive thing that’s ever happened to me in web3.”

For now, RIFT continues to trade at $0.09, down from its initial highs, with a current market cap of $92 million. But while the token may recover, Faraway’s reputation among NFT holders has taken a serious hit.

Sanjay Bijoy

Sanjay Bijoy

Sanjay is a seasoned wordsmith with a passion for the Entertainment niche. With a knack for crafting captivating content, he brings stories to life and keeps readers hooked. Sanjay's expertise in this dynamic field ensures every word he writes is an unforgettable experience.

Related Posts

Bollywood icon Dharmendra
ENTERTAINMENT

Bollywood Legend Dharmendra Dies at 89: Final Words on Alcohol Struggle

4 days ago
Score the Apple MacBook Air M4
NEWS

MacBook Air M4 Price Plunges to Rs 55,911 in Black Friday Madness

4 days ago
Mitchell Starc dazzles in Ashes 2025-26
NEWS

Starc Strikes Early: Ashes Fireworks in Perth Opener

2 weeks ago
Anil Ambani's Reliance Group clarifies no ties to ED's Rs 1,452
FINANCE

Anil Ambani’s Reliance Group Sidesteps ED Storm in RCom Fraud Probe

2 weeks ago
Bollywood stars Rajkummar Rao and Patralekhaa
ENTERTAINMENT

Rajkummar Rao and Patralekhaa Welcome Baby Girl Joy

2 weeks ago
Gold rate in India dips
FINANCE

Gold Rate in India Pauses After Surge: 18K Eyes Rs 1 Lakh

2 weeks ago
Next Post
I M Vijayan football India

Kerala Football Legend I.M. Vijayan Awarded Padma Shri 2025

CLN Energy stock market listing

CLN Energy Surges After Tepid Market Debut, Hits Upper Circuit on Strong Buying Interest

SEARCH NEWS

No Result
View All Result

RECENT NEWS

  • Bollywood Legend Dharmendra Dies at 89: Final Words on Alcohol Struggle
  • MacBook Air M4 Price Plunges to Rs 55,911 in Black Friday Madness
  • Starc Strikes Early: Ashes Fireworks in Perth Opener
  • Anil Ambani’s Reliance Group Sidesteps ED Storm in RCom Fraud Probe
  • Rajkummar Rao and Patralekhaa Welcome Baby Girl Joy
  • Gold Rate in India Pauses After Surge: 18K Eyes Rs 1 Lakh
  • Dharmendra Discharged After Health Scare Wins Fan Hearts
  • Bihar Election 2025: NDA Sweeps Ahead, Stocks Tumble in Early Trade
  • Bollywood Mourns Zarine Khan’s Sudden Death at 81
  • Bira 91 Founder Eyes Asset Sale to Tackle Cash Crunch

ABOUT US

Cover365 Footer Logo

We are Google news approved website from India run by Group of Bloggers. We cover trending news topics and explore in-depth about the topics.

If you would like to promote your business or ads in our website, You can Contact us anytime at ceo.cover365@gmail.com

ADVERTISEMENT

We charge nominal cost to promote your business in our website. We accept following promotions that will help your business and improve your website SEO.

  • ADVERTISE
  • GUEST POST
  • SPONSORED ARTICLE
  • WRITE FOR US
  • HOMEPAGE LINKS
  • BANNER ADS
  • PRESS RELEASE

POPULAR CATEGORIES

Popular Categories in our website,

  • BUSINESS
  • FINANCE
  • CRYPTO
  • ENTERTAINMENT
  • SPORTS
  • EDUCATION
  • TECH
  • HEALTH
  • LIFESTYLE
  • TRAVEL
  • CASINO

SEARCH WEBSITE

No Result
View All Result

WEBSITE STATS

Cover365 Monthly Stats: (Will be updated every month)

  • Traffic: 100,000+ / Month
  • Website Age: 12 Years+
  • Google News Approved
  • 4+ Active Writers
  • High Quality Articles
  • HOME
  • GUEST POST
  • ABOUT US
  • CONTACT US
  • DISCLAIMER
  • PRIVACY POLICY

© 2023 Cover365

No Result
View All Result
  • HOME
  • NEWS
    • POLITICS
  • BUSINESS
    • INTERNET MARKETING
  • FINANCE
    • CRYPTO
  • ENTERTAINMENT
    • MOVIE REVIEWS
  • SPORTS
    • CRICKET
    • FOOTBALL
    • WWE
  • TECH
  • HEALTH
  • TRAVEL
  • BLOG
    • AUTOMOBILE
    • CASINO
    • DEALS
    • LIFESTYLE
    • EDUCATION

© 2023 Cover365

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist