Faraway to Shut Down Wallets Infrastructure on June 20

Faraway is winding down its Wallets Infrastructure on June 20, 2026, the company confirmed through its official channel. The announcement carries a clear instruction for anyone who held assets on the platform. If you had any funds on a Faraway Wallet, you should export your keys to keep full control of your wallet before the shutdown takes effect.

The guidance is critical because of how self-custodial wallets work. When the wallet infrastructure goes offline, users do not necessarily lose their on-chain assets, but they can lose the practical ability to access them if they no longer have their private keys exported. Exporting the keys ensures that holders retain full control over their wallets and can import them into another compatible wallet application after the Faraway infrastructure shuts down.

The company directed users to its Rift platform, pointing to wallets.rift.ai, reflecting the broader pivot the team has undergone from a web3 gaming studio into an AI-investing product. The wind-down marks the end of the embedded wallet infrastructure that once underpinned Faraway's gaming ecosystem.

Why Exporting Keys Matters

The core issue in any wallet shutdown is custody. Faraway operated embedded self-custodial wallets, meaning users controlled their own private keys rather than the company holding assets on their behalf. That model gives users full ownership, but it also means that when the supporting infrastructure disappears, the responsibility to preserve access falls entirely on the user.

In crypto, wallet shutdowns are rarely about coins vanishing on-chain. More often, the problem is users failing to preserve the one thing that still matters when the interface goes away: the private key. A user who does not export their keys before June 20 risks being unable to reach funds that technically still exist on the blockchain but are no longer accessible through any interface.

This is why the warning is direct and time-sensitive. Less active users who set up a Faraway Wallet at some point and then forgot about it are the ones most likely to be caught off guard. The action required is straightforward. Export the keys before the deadline, then import them into any compatible multi-chain wallet to retain access to the assets.

Inside Faraway: From Web3 Games to an AI-Investing Super-App

Faraway was founded in 2021 as a Miami-based game studio leveraging blockchain technology to unlock player-driven and decentralized game economies. The studio quickly drew significant venture backing, raising 21 million USD in its early days to build social games with player-driven economies, supported by investors including Sequoia, a16z, and Lightspeed. Its flagship title was Mini Royale: Nations, a browser-based shooter, and the studio later expanded by acquiring the HV-MTL and Legends of the Mara IP from Yuga Labs.

The Faraway ecosystem was built around making it easy for games to integrate a web3 open economy. Its infrastructure included a federated identity system, embedded self-custodial wallets supporting both EVM chains and Solana, crypto and fiat checkout, game web shops, secondary marketplaces, and user-generated content tools. The wallet infrastructure now being wound down was a core part of that offering, giving each player a multi-chain self-custodial wallet without needing to manage smart contracts or wallet setup themselves.

Over time, the company's focus shifted. Faraway is now the studio behind Rift, an AI-investing super-app designed for the next wave of financial users. Rift gives users the ability to invest using proven market signals through a swipe-based interface that automates structured trade preparation, execution, and risk management. The pivot from blockchain gaming infrastructure to AI-driven investing reflects a broader strategic change for the company, and the wallet wind-down is part of consolidating around the Rift product.

Part of a Broader Wallet Consolidation Trend

The Faraway wallet shutdown is not an isolated event. The crypto industry has seen a string of wallet products wind down over the past year as companies refocus their priorities. In April 2026, Magic Eden announced it was ending support for its ME Wallet, pushing users into a deprecated export-only mode and removing the app from app stores. The warning to Magic Eden users was similar to Faraway's: export your private keys or risk losing access to your funds.

These wind-downs reflect a maturing market where companies are increasingly focused on their core products rather than maintaining broad infrastructure offerings. For gaming and NFT platforms that built embedded wallet systems during the boom years, maintaining that infrastructure carries ongoing operational and security costs that become hard to justify when the company's strategic focus shifts elsewhere.

The pattern carries a consistent lesson for users. Self-custodial wallets put control in the user's hands, which is a feature when it comes to ownership but a responsibility when the supporting service shuts down. The recurring guidance across these shutdowns is the same. When a wallet service announces a wind-down, users need to act promptly to export and preserve their keys rather than assuming their assets will remain accessible indefinitely.

What Wallet Holders Should Do

For anyone who held funds on a Faraway Wallet, the action item is clear and time-bound. Export your private keys before June 20, 2026, using the export function and the resources Faraway has pointed to at wallets.rift.ai. Once exported, the keys can be imported into any compatible self-custodial wallet that supports the relevant networks, since Faraway's wallets covered both EVM chains and Solana.

Users who are unsure whether they have funds on a Faraway Wallet should check before the deadline rather than after. This includes players who interacted with games in the Faraway ecosystem, such as Mini Royale: Nations, or who acquired assets tied to the HV-MTL and Legends of the Mara collections, as these may have been linked to embedded Faraway wallets.

The deadline is firm. After June 20, the wallet infrastructure goes offline, and any holder who has not exported their keys may face difficulty accessing their assets. The assets themselves remain on-chain, but reaching them without the exported keys becomes a far harder problem once the interface is gone.

What Comes Next

With the wallets infrastructure winding down on June 20, Faraway completes another step in its transition away from web3 gaming infrastructure toward its Rift AI-investing platform. The wallet shutdown closes a chapter on the embedded self-custodial wallet system that once supported the studio's gaming ecosystem and its player-driven economy ambitions.

For now, the message from the company is focused entirely on protecting users during the transition. Anyone with funds on a Faraway Wallet should export their keys to keep full control before the June 20 deadline. As with other wallet wind-downs across the industry, the responsibility to preserve access rests with the user, and the window to act closes when the infrastructure goes offline.