Top Gaming Tokens to Keep an Eye on in 2024: Things to Look Out for Before the End of the Year
With the increasing influence of blockchain and Web3 technology in the gaming industry, tokens are becoming more popular for their effectiveness and usefulness within decentralized systems. These tokens serve as the basis for in-game economies, providing incentives, decision-making power, and the opportunity for players to have full ownership of their virtual assets.
Towards the end of 2024, there is a noticeable increase in activity within the Web3 gaming industry, with specific tokens standing out as successful. These tokens are not only spurring advancements in gaming using blockchain technology but are also attracting the interest of investors seeking potential opportunities.
1. Floki Inu, a token originally created as a meme, is now expanding its presence in the Web3 gaming industry. It has been integrated into Valhalla, a virtual world where users can use and earn 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 act as assets in Valhalla. Additionally, there is a governance feature in progress that will enable FLOKI holders to have a say in shaping the game's direction.
By 2024, Floki Inu has performed strongly, experiencing significant growth over the past 30 days and 1 year. The circulating market cap of FLOKI is $1.33 billion, showing that more people are becoming interested in Valhalla and investing in the cryptocurrency.
Immutable X (IMX) is a solution for Ethereum's scalability issue, specifically for gaming NFTs. This platform, utilizing zk-rollups, enables the creation and exchange of NFTs without gas fees, making it ideal for blockchain games. Due to its effectiveness, Immutable X has garnered interest from gaming projects such as Gods Unchained and Guild of Guardians.
Developers and gamers prefer Immutable X due to its no-fee transactions and quick ability to scale. The platform uses the IMX token for governance and staking. With a market cap of $2.3 billion, Immutable X is expected to see 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 assets and a role in governing the ecosystem. They 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 its games, making it essential for players looking to engage with Gala's gaming experiences. The popularity of Web3 gaming is rapidly increasing, particularly on platforms like Telegram that appeal to a wider audience. Gala has a market capitalization of $730 million and is gaining popularity at a fast pace.
The XAI blockchain and token are attracting attention in the Web3 gaming community for their emphasis on intricate and top-notch games, as well as their scalability strategy. XAI operates as a Layer-3 blockchain built on top of Arbitrum, a Layer-2 solution on Ethereum, which merges Ethereum's security features with Arbitrum's scalability capabilities and includes a tailored layer designed specifically for gaming purposes.
XAI is emerging as a key player 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 cryptocurrency that operates within The Open Network (TON) ecosystem and focuses on the GameFi sector. It has a play-to-earn feature that has gained a lot of popularity, especially because it is linked to a popular game on Telegram where players can earn Notcoins by tapping on their screens. This currency has attracted millions of users with its unique and easy-to-understand concept, and some even see it as a potential way for Telegram to make money from its platform.
Although Notcoin 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 positions it well as a significant player in the GameFi token ecosystem.
In summary, the gaming sector of Web3 is always evolving, with 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 supporting decentralized ownership of assets.
The future of blockchain gaming lies in Web3 Gaming tokens, but it's important to remember that market conditions can change rapidly. It's recommended for readers to conduct their own research before making any investment decisions.
Writer
Jason Newey is an experienced writer 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 engaging and informative articles.
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