Top Web3 Gaming Tokens to Keep an Eye on in 2024: Important Things to Know Before the End of the Year
As blockchain and Web3 technology reshape the gaming industry, tokens are becoming increasingly popular for their effectiveness and usefulness in decentralized ecosystems. These tokens serve as the basis for in-game economies, providing benefits, control, and the opportunity for players to have full ownership of their digital assets.
As 2024 is ending, the Web3 gaming industry is experiencing a noticeable increase in activity, with specific tokens standing out as successful. These tokens are not only pushing forward advancements in gaming on the blockchain, but they are also attracting the interest of investors seeking potential opportunities.
1. Floki Inu, originally a meme token, is now working towards establishing itself as a strong player in the Web3 gaming sector. It has been incorporated into Valhalla, a virtual world where users can use and earn FLOKI tokens.
In Valhalla, players can join 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, a governance system is being developed that will enable FLOKI holders to have a say in the game's direction moving forward.
In the year 2024, the cryptocurrency Floki Inu has performed strongly, with significant growth observed over the past 30 days and 1 year. With a circulating market capitalization of $1.33 billion, FLOKI is attracting more investors as it gains popularity with Valhalla.
Immutable X (IMX) is a solution created on Ethereum to address the issue of scalability, particularly for gaming non-fungible tokens (NFTs). This platform, utilizing zk-rollups technology, enables users to mint and trade NFTs without incurring gas fees, making it an ideal choice 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 for its zero-fee transactions and quick scalability. The platform uses its IMX token for governance and staking. With a market cap of $2.3 billion, Immutable X has the potential for growth in 2024 as more games are added to its ecosystem.
Gala Games is an online gaming platform that uses Web3 technology to allow players to have true ownership of in-game items and a voice in the platform's governance. They recently announced that their games on Telegram, where users can earn rewards by tapping, have reached over 3 million players. This milestone comes before the release of their new token, $TREZ.
Gala relies on the GALA token for all activities within its games, making it essential for users who wish to engage with Gala's gaming ecosystem. The popularity of Web3 gaming is increasing rapidly, particularly on platforms like Telegram that appeal to a wider audience. Gala has a market capitalization of $730 million and is gaining popularity quickly.
The XAI blockchain and token are gaining attention in the Web3 gaming community for their emphasis on advanced, top-notch games and their strategy for scalability. XAI operates as a Layer-3 blockchain built on top of Arbitrum, a Layer-2 solution on Ethereum. This combination ensures security from Ethereum and scalability from Arbitrum, with an added gaming-focused layer.
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 not just high performance, but also ensuring security, both of which are essential 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 system that has gained significant popularity, particularly because of its connection to a popular game on Telegram. Players can earn Notcoins by simply tapping on their screens while playing the game. This straightforward and innovative method has attracted millions of users and has even been proposed as a potential revenue source for Telegram.
While Notcoin's value decreased in the past few months, it has started to recover recently and has shown growth in value over the past month. Additionally, Notcoin works well with Telegram and TON infrastructure, ensuring its position as an important player in the GameFi token ecosystem.
In conclusion, the gaming sector of Web3 is continuously evolving with tokens like Floki Inu, Immutable X, Gala, XAI, and Notcoin driving the progress. Each of these tokens serves a specific purpose, whether it be facilitating in-game economies, enabling active governance, or supporting decentralized ownership of assets.
The Web3 Gaming tokens are seen as the future of blockchain gaming, but it is important to understand that the market for these tokens can be unpredictable. It is recommended that individuals conduct their own research before investing in them.
Writer
Jason Newey is an experienced writer who focuses on NFTs, the Metaverse, and Web3 technologies. He has a strong knowledge of digital media and blockchain technology, allowing him to effectively communicate intricate ideas in his informative and engaging articles.
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