Exciting Web3 Gaming Tokens to Look Out for in 2024: Things to Keep an Eye on Before the End of the Year
As blockchain and Web3 technology reshape the gaming industry, tokens are becoming more popular for their effectiveness and usefulness in decentralized systems. These tokens are essential for in-game economies, providing benefits, control, and empowering players to have full ownership of their virtual assets.
The Web3 gaming industry is gaining traction as 2024 nears its end, with specific tokens standing out as successful. These tokens are leading the way in advancing blockchain gaming and are attracting investors seeking potential growth opportunities.
Floki Inu (FLOKI) is a cryptocurrency that was initially created as a meme token, but is now expanding into the Web3 gaming industry. It has been incorporated into Valhalla, a virtual world where users have the ability to earn and use FLOKI tokens.
The way Valhalla operates is that users can participate in battles and complete tasks within the game to earn FLOKI tokens. These tokens can be used to purchase items such as weapons, armor, and NFTs within Valhalla. Additionally, there is a governance element being developed that will give FLOKI holders the ability to have a say in the direction of the game's future.
By 2024, Floki Inu has shown strong performance, experiencing significant growth over the past 30 days and 1 year. With a circulating market capitalization of $1.33 billion, FLOKI is continuing to attract more investors as interest in Valhalla grows.
Immutable X (IMX) is a solution to Ethereum's scalability issue, specifically for gaming NFTs. This platform, which utilizes zk-rollups technology, enables the minting and trading of NFTs without gas fees, making it ideal for blockchain games. Immutable X's efficiency has drawn in gaming projects such as Gods Unchained and Guild of Guardians.
Developers and gamers highly prefer Immutable X due to its zero-fee transactions and quick scalability. The platform utilizes the IMX token for governance and staking. With a market cap of $2.3 billion, Immutable X is poised for growth in 2024 as more games become part of its ecosystem.
Gala Games is a platform for Web3 gaming that allows players to have actual ownership of in-game items and a voice in how the platform is managed. They recently shared that their tap-for-rewards games on Telegram have reached over 3 million users, just before the release of their new token, $TREZ.
Gala relies on the GALA token for all activities within their games, making it essential for players who wish to engage with Gala's gaming products. The popularity of Web3 gaming is on the rise, particularly on platforms such as Telegram that cater to a wider audience. With a market cap of $730 million and increasing popularity, Gala is gaining traction in the gaming industry.
The XAI blockchain and token are of interest to many in the Web3 gaming community because they prioritize creating sophisticated, high-quality games and have a scalable approach. XAI operates as a Layer-3 blockchain built on top of Arbitrum, a Layer-2 solution for Ethereum. This combination enhances security from Ethereum and scalability from Arbitrum, with an added gaming-focused layer.
XAI is emerging as a significant contender in the Web3 gaming industry with a market capitalization of $139.67 million. The platform is establishing itself in the gaming realm by prioritizing both performance and security, which are essential components for top-tier gaming experiences.
Notcoin (NTC) is a digital currency that operates within The Open Network (TON) ecosystem and is focused on the GameFi industry. It offers a play-to-earn model that has gained significant popularity, particularly because of its connection to a popular game on Telegram where users can earn Notcoins by tapping on their screens. This straightforward and innovative approach has attracted millions of users and has even been proposed as a potential way for Telegram to generate revenue from its platform.
Although Notcoin's value decreased in recent months, there have been positive signs of recovery with its value increasing in the past month. Additionally, Notcoin has seamless integration with Telegram and TON infrastructure, solidifying its position as a significant player in the GameFi token ecosystem.
In summary, the gaming sector of Web3 is always evolving and progressing, with tokens like Floki Inu, Immutable X, Gala, XAI, and Notcoin leading the way. Each of these tokens plays a unique role, such as facilitating in-game economies, enabling active governance, or supporting decentralized ownership of assets.
The tokens used in Web3 Gaming are seen as the future of blockchain gaming, but it's important to understand that the market can be very unpredictable. It is recommended for individuals to conduct their own research before investing in these tokens.
Jason Newey is an experienced journalist who focuses on NFTs, the Metaverse, and Web3 technologies. He has a strong knowledge of digital media and blockchain technology, allowing him to effectively communicate complex ideas through interesting and informative articles.
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The content on this blog is intended for informational purposes and should not be considered as financial, legal, or investment advice. The perspectives shared in the articles are personal opinions of the writers and may not align with the official stance of NFT News Today.
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