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The Top Web3 Gaming Tokens to Keep an Eye on Before 2024 Ends: A Guide for Investors and Players Alike

  • October 8, 2024
  • 5 min read

Exciting Web3 Gaming Tokens to Keep an Eye on in 2024: Key Things to Look Out for Before the End of the Year

With the ongoing evolution of blockchain and Web3 technology, gaming tokens are becoming increasingly popular for their effectiveness and usefulness within 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.

As we near the end of 2024, the Web3 gaming industry is experiencing a notable surge in growth, with specific tokens standing out as top performers. These tokens are not only leading the way in revolutionizing blockchain gaming but are also attracting interest from investors seeking lucrative prospects.

Floki Inu (FLOKI) was originally a meme token but is now expanding its presence in the Web3 gaming industry. It is now a part of Valhalla, a metaverse where users can use FLOKI tokens for various activities.

The way it operates is as follows: Valhalla players can join battles and complete different tasks within the game to earn FLOKI. This currency can be used to purchase in-game weapons, armor, and NFTs representing assets in Valhalla. Additionally, a governance system is being developed that will enable FLOKI holders to have a say in the game's direction going forward.

By 2024, Floki Inu has experienced strong performance, showing significant growth over the past 30 days and year. With a circulating market capitalization of $1.33 billion, FLOKI is continuing to attract more investors as interest in Valhalla grows.

Immutable X is a solution that addresses Ethereum's scalability issue, specifically for NFTs in the gaming industry. By utilizing zk-rollups technology, the platform enables users to mint and trade NFTs without incurring gas fees, making it an ideal environment for blockchain games. Due to its efficiency, Immutable X has gained the interest of gaming projects such as Gods Unchained and Guild of Guardians.

Developers and gamers prefer Immutable X for 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, Immutable X is seen as a promising investment for potential growth in 2024, especially as more games become part of its ecosystem.

Gala Games is a platform for online gaming that operates on Web3 technology. It allows players to have actual ownership of in-game items and a role in decision-making for the platform. Gala recently shared that its reward-based games on Telegram have attracted over 3 million users, just before the release of its new token, $TREZ.

The GALA token is essential for interacting with Gala's games, as it is used for all in-game actions. Web3 gaming is becoming increasingly popular, particularly on platforms like Telegram, which are more user-friendly for a wider audience. Gala has a market cap of $730 million and is gaining popularity rapidly.

XAI blockchain and token are receiving attention from those interested in Web3 gaming because of their emphasis on intricate, premium games and their strategy for scalability. XAI operates as a Layer-3 blockchain using Arbitrum, a Layer-2 solution on Ethereum. This combination provides the security of Ethereum and the scalability of Arbitrum, with an additional layer tailored for gaming purposes.

XAI is emerging as a significant presence in the Web3 gaming industry with a market capitalization of $139.67 million. The platform aims to establish itself in the gaming market by providing both high performance and security, which are essential for top-notch gaming experiences.

The cryptocurrency Notcoin (NTC) operates within The Open Network (TON) ecosystem and is focused on the GameFi sector. It offers a play-to-earn model that has gained significant popularity, particularly because of its integration with a popular game on Telegram where players can earn Notcoins by tapping on their screens. This unique feature has attracted millions of users and has even been proposed as a potential way for Telegram to generate revenue from its platform.

Despite experiencing a decrease in value in recent months, Notcoin has displayed a positive trend by increasing in value over the past month. Additionally, Notcoin's compatibility with Telegram and TON infrastructure ensures its significance in the GameFi token ecosystem will persist.

In conclusion, the gaming sector of Web3 is always evolving, with 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 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 for these tokens can be unpredictable. It's recommended that individuals conduct their own research before deciding to invest in them.

Writer 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 explain intricate ideas in his articles in a captivating and informative way.

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Please note that the information shared on this blog is for educational purposes only and should not be considered as financial, legal, or investment advice. The opinions expressed in the articles are solely those of the authors and may not necessarily represent the official stance of NFT News Today.

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