Top Gaming Tokens in 2024: Key Things to Keep an Eye on Before the Year is Over
With blockchain and Web3 technology shaping the gaming industry, tokens are becoming more popular for their effectiveness and usefulness in decentralized systems. These tokens play a crucial role in in-game economies by providing rewards, governance, and empowering players to have true ownership over their digital assets.
Towards the end of 2024, the Web3 gaming industry is gaining momentum, with specific tokens standing out as successful players. These tokens are not only driving innovation in gaming on the blockchain, but are also attracting investors interested in promising investment opportunities.
1. Floki Inu (FLOKI) is a token that originally began as a meme but is now expanding into the Web3 gaming industry. It is now part of Valhalla, a virtual world where users can use and earn FLOKI tokens.
In Valhalla, users can participate in battles and complete tasks within the game to earn FLOKI tokens. These tokens can be used to purchase in-game weapons, armor, and NFTs. Additionally, a governance feature is being developed that will give FLOKI holders a say in the direction of the game's development.
In the year 2024, Floki Inu has shown strong performance, with significant growth in both the last 30 days and over the past year. The circulating market capitalization of FLOKI is $1.33 billion, and it is becoming increasingly popular as more people join the Valhalla community.
Immutable X (IMX) is a solution for Ethereum's scalability issue, particularly in the realm of gaming NFTs. By utilizing zk-rollups, the platform enables NFT minting and trading without gas fees, making it an ideal choice for blockchain games. Its efficiency has drawn in gaming projects such as Gods Unchained and Guild of Guardians.
Immutable X is popular among developers and gamers due to its zero-fee transactions and ability to quickly scale. The platform uses its IMX token for governance and staking. With a market cap of $2.3 billion, investing in Immutable X for potential growth in 2024 could be a wise decision as more games become part of its ecosystem.
Gala Games is a platform for online gaming that operates on Web3 technology, allowing players to have actual ownership of assets in the games they play and a voice in how the platform is managed. Gala recently shared that their games on Telegram, where users can tap for rewards, have reached over 3 million users. This milestone comes as Gala prepares to introduce its new token, $TREZ.
Gala utilizes the GALA token for all activities within its games, making it essential for players who wish to engage with Gala's gaming ecosystem. The popularity of Web3 gaming appears to be increasing rapidly, particularly on platforms like Telegram, which are more user-friendly for a wider audience. Gala has a market capitalization of $730 million and is experiencing a surge in popularity.
XAI is a blockchain and token that is being closely watched by many in the Web3 gaming community because of its emphasis on creating sophisticated, top-notch games and its innovative scalability approach. XAI operates as a Layer-3 blockchain built on Arbitrum, a Layer-2 solution on Ethereum. This unique setup combines the security of Ethereum with the scalability of Arbitrum, while also incorporating a specialized gaming layer.
XAI is emerging as a significant presence in the Web3 gaming industry, with a market capitalization of $139.67 million. The platform is focusing on providing both performance and security in the gaming space, which are essential elements for top-notch gaming experiences.
Notcoin (NTC) is a type of digital currency that operates within The Open Network (TON) ecosystem and is focused on the GameFi industry. It has a play-to-earn system 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 currency has attracted millions of users with its straightforward yet innovative approach and has been proposed as a potential way for Telegram to generate revenue.
Although Notcoin's value decreased in the past few months, it has started to show signs of improvement recently, increasing in value over the last month. Additionally, Notcoin's compatibility with Telegram and TON infrastructure ensures it will continue to be an important part of the GameFi token ecosystem.
In summary, the gaming sector of Web3 is continuously evolving, with projects like Floki Inu, Immutable X, Gala, XAI, and Notcoin leading the way. These tokens serve different purposes, such as facilitating in-game economies, enabling active governance, and promoting 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 unpredictable. It's advised that individuals conduct thorough research before making any investments.
Writer Jason Newey has extensive experience as a journalist focusing on NFTs, the Metaverse, and Web3 technologies. He has a strong background in digital media and blockchain technology, allowing him to effectively communicate intricate ideas through compelling and informative articles.
See all the articles
Recommended Articles
A Comprehensive Guide on Making Money from Web3 Games
Up-and-Coming Web3 Gaming Tokens to Keep an Eye on in 2024
Share This Post
More Articles
Ways to Acquire Rewards from Rocky Rabbit Post Airdrop
Different Methods to Generate Passive Income from Cryptocurrency in 2024
The content on this blog is meant for informational purposes and should not be considered as financial, legal, or investment advice. The opinions and views expressed in the articles belong to the authors and may not align with the official stance of NFT News Today.
Sign up for our newsletter!
