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The Rise of Web3 Gaming Tokens in 2024: Top Picks to Keep an Eye on Before the Year Ends

  • October 9, 2024
  • 5 min read

Top Gaming Tokens in 2024: Key Things to Keep an Eye on Before the End of the Year

In the ever-evolving world of blockchain and Web3 technology, tokens are becoming increasingly popular for their effectiveness and practicality in decentralized ecosystems. These tokens play a crucial role in in-game economies by providing rewards, governance, and giving players the opportunity to have true ownership of their digital assets.

As the year 2024 is ending, there is a noticeable increase in activity in the Web3 gaming industry, with specific tokens standing out as successful. These tokens are not only leading the way in new developments in gaming using blockchain technology, but they are also attracting the interest of investors seeking lucrative prospects.

1. Floki Inu, initially a meme token, is now venturing into the Web3 gaming industry. It is currently part of Valhalla, a virtual world where users can use FLOKI tokens for earning and transactions.

The process involves Valhalla users participating in battles and completing different tasks within the game to earn FLOKI tokens. These tokens can be used to purchase in-game weapons, armor, and NFTs that represent Valhalla assets. Additionally, a governance feature is being developed that would give FLOKI holders the ability to impact the game's direction in the future.

By 2024, Floki Inu has experienced significant growth, with impressive gains over the past 30 days and 1 year. The circulating market cap of $1.33 billion shows that FLOKI is becoming more popular as more people join Valhalla.

Immutable X (IMX) is a solution for Ethereum's scalability issue, particularly for gaming NFTs. The platform, which uses zk-rollups technology, enables NFT minting and trading without gas fees, making it ideal for blockchain games. Immutable X's high efficiency has drawn gaming projects such as Gods Unchained and Guild of Guardians to the platform.

Developers and gamers prefer Immutable X due to its zero-fee transactions and ability to scale quickly. 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 online gaming that allows players to truly own in-game items and have a voice in the platform's governance. 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 utilizes the GALA token for all activities within their games, making it essential for players who wish to engage with Gala's gaming platform. The popularity of Web3 gaming is rapidly increasing, particularly on platforms like Telegram that attract a wider audience. Gala has a market capitalization of $730 million and is gaining popularity at a fast pace.

XAI is a blockchain project and its token that is gaining attention in the Web3 gaming community for its emphasis on creating advanced, high-quality games and its unique approach to scalability. XAI operates as a Layer-3 blockchain built on top of Arbitrum, a Layer-2 solution on Ethereum. This combination allows XAI to leverage Ethereum's security features, Arbitrum's scalability solutions, and a specialized gaming layer for optimal performance.

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 high performance and security in the gaming space, which are essential elements for top-tier gaming experiences.

Notcoin (NTC) is a type of digital currency that operates within The Open Network (TON) ecosystem and focuses on the GameFi industry. It has a play-to-earn feature 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 unique method has attracted millions of users to the currency and has even been proposed as a potential way for Telegram to generate revenue from its platform.

Although Notcoin has experienced a decrease in value in recent months, it has started to show signs of improvement by increasing in value over the past month. Additionally, Notcoin's compatibility with Telegram and TON infrastructure ensures its continued importance in the GameFi token ecosystem.

In summary, the gaming sector of Web3 is continually evolving, with Floki Inu, Immutable X, Gala, XAI, and Notcoin leading the way. Each of these tokens serves a unique purpose, such as facilitating in-game economies, enabling active governance, or promoting decentralized ownership of assets.

The Web3 Gaming tokens are seen as the future of blockchain gaming, but it's important to remember that market conditions can change rapidly. It's advised for readers to conduct their own research before making any investment decisions.

Jason Newey is an experienced journalist who focuses on NFTs, the Metaverse, and Web3 technologies. He has a strong background in digital media and blockchain technology, allowing him to effectively explain complicated ideas in his articles in an engaging and informative way.

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The content on this blog is meant for informational purposes solely and should not be taken as financial, legal, or investment advice. The viewpoints and thoughts expressed in the articles belong to the writers and may not mirror the official stance of NFT News Today.

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