sedehoo

Top 5 Hot Web3 Gaming Tokens to Keep an Eye on Before 2024 Ends: A Comprehensive Guide

  • October 8, 2024
  • 5 min read

Top Web3 Gaming Tokens to Keep an Eye on Before 2024 Ends

The world of gaming is being reshaped by blockchain and Web3 technology, leading to an increase in popularity of tokens that offer benefits in decentralized ecosystems. These tokens play a crucial role in in-game economies by providing rewards, governance, and empowering players to have full ownership of their digital assets.

At the end of 2024, the Web3 gaming industry is experiencing a noticeable surge in growth, with specific tokens standing out as successful assets. These tokens are not only spurring advancements in gaming using blockchain technology, but are also attracting interest from investors seeking lucrative prospects.

1. Floki Inu (FLOKI) is a cryptocurrency that originally began as a joke, but is now gaining popularity in the Web3 gaming industry. It has been included in Valhalla, a virtual world where users can use FLOKI tokens for various activities.

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, a governance feature is being developed that will give FLOKI holders the ability to have a say in the game's future direction.

By 2024, Floki Inu has experienced significant growth, with impressive gains in both the 30-day and 1-year periods. The circulating market cap of FLOKI is currently $1.33 billion, showing that more people are becoming interested in the cryptocurrency and joining the Valhalla community.

Immutable X (IMX) is a solution to Ethereum's scalability issue, particularly for gaming NFTs. It operates on zk-rollups and enables NFT minting and trading without gas fees, making it ideal for blockchain games. Popular gaming projects like Gods Unchained and Guild of Guardians have been drawn to Immutable X due to its high efficiency.

Developers and gamers prefer Immutable X for its zero-fee transactions and ability to quickly scale. The platform uses 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.

3. Gala (GALA)

Gala Games is a platform for online games that operates on Web3 technology, allowing players to have actual ownership of in-game items and a voice in the governance of the gaming community. Gala recently shared that their games on Telegram, where users can earn rewards by tapping, have reached over 3 million players. This milestone comes as Gala prepares to introduce its new digital token, $TREZ.

Gala's games require the use of the GALA token for all activities within the game, making it essential for players. The popularity of Web3 gaming is increasing rapidly, especially 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.

4. XAI (XAI)

The XAI blockchain and its token are being closely monitored by many interested in Web3 gaming because of their emphasis on sophisticated, top-notch games and their strategy for scalability. XAI is a Layer-3 blockchain that is built on top of Arbitrum, a Layer-2 solution on the Ethereum network. By leveraging Ethereum's security and Arbitrum's scalability, XAI has added a specialized layer designed specifically for gaming purposes.

XAI is a growing 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 realm, which are essential for top-tier gaming experiences.

5. Notcoin (NTC) is a digital currency that operates within The Open Network (TON) ecosystem and is focused on the GameFi industry. It offers 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 interacting with their screens. This straightforward and innovative approach has attracted millions of users and has even been proposed as a potential way for Telegram to generate revenue from its platform.

Although Notcoin's value decreased in the past few months, it has started to recover recently and has been increasing in value over the last month. In addition, Notcoin works well with Telegram and TON infrastructure, making it likely to continue being 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 making significant advancements. Each of these tokens serves a unique purpose, such as facilitating in-game economies, enabling active governance, or promoting decentralized ownership of assets.

The future of blockchain gaming is shaped by Web3 Gaming tokens, but it is important to understand that market conditions can change quickly. It is advised for readers to conduct their own research before making any investment decisions.

Writer

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

See all of the

Suggestions for you to read

A comprehensive guide on how to make money through Web3 games

Promising Web3 gaming tokens to keep an eye on before the year ends

Share this article with others

More articles to explore

Tips on how to earn rewards from Rocky Rabbit after the airdrop

Various methods to generate passive income through cryptocurrency in 2024

The content shared on this blog is purely for informational purposes and should not be considered as financial, legal, or investment advice. The opinions and viewpoints expressed in the articles belong to the authors and may not represent the official stance of NFT News Today.

Sign up for our newsletter!

Leave a Reply

Your email address will not be published. Required fields are marked *