Top Web3 Gaming Tokens to Keep an Eye on Before the End of 2024
With the ongoing evolution of blockchain and Web3 technology in the gaming industry, tokens are becoming increasingly popular for their effectiveness and usefulness within decentralized systems. These tokens play a crucial role in in-game economies, providing rewards, governance, and empowering players to have true ownership over their digital assets.
As we near the end of 2024, the Web3 gaming industry is experiencing a notable increase in activity, with specific tokens standing out as successful players. These tokens are not only pushing forward advancements in blockchain gaming but are also attracting interest from investors seeking lucrative prospects.
1. Floki Inu (FLOKI)
Originally a meme token, Floki Inu is now expanding into the Web3 gaming industry. It has been included in Valhalla, a virtual world where users can use and acquire FLOKI tokens.
In Valhalla, users can participate in battles and complete different tasks within the game to earn FLOKI tokens. These tokens can be used to purchase in-game weapons, armor, and NFTs that represent assets in Valhalla. Additionally, there is a governance feature being developed that will give FLOKI holders the ability to have a say in shaping the game's future.
By 2024, Floki Inu has shown strong performance, experiencing significant growth over the past 30 days and year. With a market capitalization of $1.33 billion, FLOKI is continuing to attract more investors as Valhalla gains popularity.
Immutable X (IMX) is a solution to Ethereum's scalability issue, particularly for gaming NFTs. Using zk-rollups technology, IMX enables NFT minting and trading without gas fees, making it an ideal platform for blockchain games. Its efficiency has drawn in gaming projects such as Gods Unchained and Guild of Guardians.
Developers and gamers prefer Immutable X because of its ability to process transactions without fees and its fast scalability. The IMX token is used for governance and staking on the platform. With a market cap of $2.3 billion, Immutable X is expected to continue growing in 2024 as more games become part of its ecosystem.
Gala Games is a platform for online gaming that utilizes Web3 technology to provide players with actual ownership of in-game items and a voice in the platform's governance. The company recently reported 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 want to engage with Gala's gaming experiences. The popularity of Web3 gaming is increasing rapidly, particularly on platforms like Telegram that are easily accessible to a wide audience. Gala has a market capitalization of $730 million and is gaining popularity quickly.
XAI blockchain and token are being closely monitored by many people interested in Web3 gaming because they prioritize complex, high-quality games and focus on scalability. 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 additional layer designed specifically for gaming purposes.
XAI is establishing itself as a prominent figure in the Web3 gaming industry with a market capitalization of $139.67 million. The platform is focusing on providing both top-notch performance and security in the gaming realm, which are essential elements for a high-quality gaming experience.
Notcoin (NTC) is a type of cryptocurrency that operates within The Open Network (TON) ecosystem and is focused on the GameFi industry. It implements a play-to-earn system that has gained significant popularity, particularly because of its connection to a popular game on Telegram where players can earn Notcoins by tapping on their screens. This straightforward and innovative approach has attracted millions of users to the currency and has even been proposed as a potential revenue stream for Telegram.
Although Notcoin's value decreased in the past few months, it has begun to show signs of improvement recently, with its value increasing over the last month. Additionally, Notcoin's integration with Telegram and TON infrastructure makes it a prominent player in the GameFi token ecosystem.
In summary, the gaming sector of Web3 is continuously evolving, with tokens like Floki Inu, Immutable X, Gala, XAI, and Notcoin leading the way. Each of these tokens serves a specific purpose, such as enabling in-game economies, facilitating active governance, or supporting decentralized ownership of assets.
The tokens for 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 for readers to conduct their own research before making any investments in this space.
Writer
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 through interesting and informative articles.
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