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5 Hot Web3 Gaming Tokens to Keep an Eye on Before 2024 Ends: A Comprehensive Guide

  • October 10, 2024
  • 5 min read

Exciting Gaming Tokens in Web3 for 2024: Key Things to Keep an Eye on by the End of the Year

With blockchain and Web3 advancements transforming the gaming industry, tokens are becoming increasingly popular for their effectiveness and usefulness in decentralized systems. These tokens play a crucial role in in-game economies, providing benefits, decision-making power, and empowering players to have full ownership over their virtual assets.

Towards the end of 2024, the Web3 gaming industry is experiencing a surge in growth, with specific tokens standing out as successful assets. These tokens are not only fueling advancements in gaming technology using blockchain, but are also attracting the interest of investors seeking lucrative prospects.

Floki Inu, originally a token created as a meme, is now moving towards establishing itself as a player in the Web3 gaming industry. It has been incorporated into Valhalla, a virtual world where users can utilize and collect FLOKI tokens.

This is how Valhalla works: Users can participate in battles and complete different tasks within the game to earn FLOKI tokens. These tokens can be used to purchase items such as weapons, armor, and NFTs within the game. Additionally, a governance feature is being developed that will give FLOKI holders the ability to have a say in the game's future direction.

By 2024, Floki Inu has experienced significant growth, showing impressive gains over the past 30 days and year. With a circulating market cap of $1.33 billion, FLOKI is becoming increasingly popular as more people join the Valhalla community.

Immutable X (IMX) is a solution developed on Ethereum to address the scalability issue, particularly for gaming NFTs. By utilizing zk-rollups technology, IMX enables gas-free minting and trading of NFTs, making it a desirable platform for blockchain games. Its efficiency has drawn interest from gaming projects such as Gods Unchained and Guild of Guardians.

Due to its zero-fee transactions and quick scalability, Immutable X is a popular option for both developers and gamers. The IMX token is used for governance and staking on the platform. With a market cap of $2.3 billion, Immutable X is poised for potential growth in 2024 as more games become part of its ecosystem.

Gala Games is a platform for online gaming that operates using Web3 technology. It allows players to have actual ownership of in-game items and a voice in the governance of the platform. Gala recently shared that their tap-for-rewards games on Telegram have reached over 3 million users, just before the launch of their new token, $TREZ.

Gala relies on the GALA token for all activities within their games, making it essential for players to participate in Gala's gaming ecosystem. The popularity of Web3 gaming is on the rise, particularly on platforms like Telegram that are easily accessible to a wider audience. Gala has a market capitalization of $730 million and is gaining popularity rapidly.

The XAI blockchain and token are gaining attention from those interested in Web3 gaming because of their emphasis on intricate, top-notch games and their strategy for scalability. XAI operates as a Layer-3 blockchain built on top of Arbitrum, a Layer-2 solution on Ethereum. This combination merges Ethereum's security with Arbitrum's scalability, while also incorporating a dedicated layer tailored for gaming.

XAI is establishing a presence in the Web3 gaming industry with a market capitalization of $139.67 million. The platform aims to provide both performance and security in the gaming sector, which are essential elements for top-quality gaming experiences.

Notcoin (NTC) is a digital currency that operates within The Open Network (TON) ecosystem and focuses on the GameFi industry. It utilizes a play-to-earn system that has gained significant popularity, particularly through its connection to a popular game on Telegram where players can earn Notcoins by simply tapping on their screens. This straightforward and unique method has attracted millions of users and has even been proposed as a potential way for Telegram to generate revenue from its platform.

Despite a recent decline in value, Notcoin has started to show signs of improvement by increasing in value over the past month. Additionally, Notcoin's compatibility with Telegram and TON infrastructure positions it as a significant player in the GameFi token ecosystem for the foreseeable future.

In summary, the gaming sector of Web3 is always evolving, with Floki Inu, Immutable X, Gala, XAI, and Notcoin all making advancements. These tokens each serve a unique purpose, such as enabling in-game economies, facilitating active governance, or promoting decentralized ownership of assets.

These tokens in Web3 Gaming are seen as the future of blockchain gaming, but it's important to understand that market conditions can change quickly. It's recommended that readers conduct thorough research before making any investments.

Jason Newey is an experienced journalist who focuses on NFTs, the Metaverse, and Web3 technologies. He has a strong foundation in digital media and blockchain technology, allowing him to effectively communicate intricate ideas in his articles.

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