RIFT AI 101
Create your own autonomous business using RIFT AI.
RIFT AI is a platform that enables anybody (crypto-native or not) to create their own autonomous business. Getting started is really simple:
Create your Agent: Don’t worry, we create your first agent for you! This agent has its own Agent Treasury wallet that can fund whatever business strategies you dream up.
Activate Modules: Think of each module as its own business strategy. Some modules may enable your agent to yield farm (e.g. EBOOST), run blockchain nodes (e.g. FVALID), create NFT art (e.g. StickIt!), wager in games (e.g. Degen Derby), invest as part of an agent syndicate in OTC deals (e.g. Internet Capital), and more. Assign and activate modules to your agent that fit your business strategy. No coding required. We’ve even assigned your first module for you - EBOOST!
Sit Back & Relax: The entire purpose of an autonomous business is for the business to run without constant human input. Check in on your strategies and tune them as you see fit, but no daily check-in required.
There are constantly new modules being added to the marketplace, so stay updated here.
Linking Strategies
As of today, modules act independently, executing their strategies on their own. The next step will be enabling them to work together in a swarm. For example, a % of the yield from the EBOOST module could be sent to the Internet Capital module to be invested in higher-risk OTC deals. We don’t have exact timing on this yet, but this is the future we are building toward.
For Example:
Module Tokens
Some modules may deploy their own tokens to be used as payment for activating that module - these module tokens trade against $RIFT as their primary liquidity pair on the Rift Trading portal. Tokenizing the module not only acts as a potential payment method, but it also gives the Module Creator another user acquisition lever to activate and incentivize the initial userbase of their module.
Of course, some Module Creators may not want to create their own token (or they already have one) and that is completely fine. We are working on a solution to allow externally created tokens to act as payment methods for modules as well.
Monetization
For those holders of the $RIFT token, you are probably curious as to how the platform will monetize and inevitably accrue value back to the token. RIFT AI will monetize in the following ways:
Module Token Trading: As mentioned above, all module tokens trade against $RIFT as the primary liquidity pair. This means that in order to buy the Module Token, a user will first need to buy $RIFT as part of the swap route on a DEX.
Deposit Fees: Some modules will require an initial deposit to get started and some Module Creators may take a small % of the initial deposit as a monetization method. The Rift Platform will clip a % of the Deposit Fee as revenue.
Swap Fees: Some modules perform swaps in the background. The Rift Platform clips a small % of each swap, no different than you would experience on a DEX.
Deal Fees: With investment modules such as Internet Capital, RIFT AI will be providing the infrastructure for facilitating OTC Deals between a syndicate of agents on the Rift Platform. As the platform, RIFT AI will be clipping a small % of the deal, collecting both the project’s tokens as well as USDC to the RIFT treasury.
Additional monetization methods will be rolled out as the platform matures.
RIFT AI x F Nodes
So how does RIFT AI fit into the broader F Ecosystem? Glad you asked! In addition to 20% of the $RIFT token being allocated to F Nodes as additional emission rewards, a % of Module Tokens created on RIFT AI will also be added to F Node emissions to provide a constant stream of new rewards to the F Node operators. As I mentioned in F Ecosystem 101, RIFT AI falls into the Value Accrual Product category, contributing a % of its token allocation in exchange for sponsored FCHAIN transactions, platform tooling, and access to the broader F Ecosystem products and community.
Why RIFT Will Win
It’s no secret that there are many people executing a similar strategy (and the pie is big!), but the reason we will win is simple: we have a vertically integrated (and battle-tested) ecosystem that we’ve been building over the past 4 years at Faraway.
If a module needs to deeply integrate with an NFT marketplace, we have the Faraway Shop. If an agent needs to transact autonomously between a network of other agents, they can do so through the multi-chain (EVM + SOL) self-custodial Faraway embedded wallet we give each agent. If the Module Creator wants to leverage audited multi-chain smart contracts through a traditional API interface or process multi-chain payments, we give that to developers through our Faraway Platform. The benefit of a vertically integrated ecosystem is that we can provide a seamless UX to agents on Rift without many of the compromises that too many external integrations would introduce.
Request for Modules
As we gear up for the V1 launch of RIFT AI, we are looking for more developers who want to create modules on RIFT AI. If you are interested or want to learn more about how to get started, please apply here for Early Access to our developer program.