Upcoming Gaming Tokens to Keep an Eye on in 2024
With the evolution of blockchain and Web3 technology, gaming tokens are becoming more popular for their effectiveness and usefulness within decentralized gaming 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.
The Web3 gaming industry is gaining momentum as we approach the end of 2024, with specific tokens standing out as top performers. These tokens are leading the way in innovation for blockchain gaming and are attracting interest from investors seeking lucrative opportunities.
1. Floki Inu (FLOKI) is a digital token that originated as a meme but is now positioning itself as a player in the Web3 gaming industry. It has been incorporated into Valhalla, a virtual world where individuals can use and acquire FLOKI tokens.
In Valhalla, users can participate in battles and complete different tasks within the game to earn FLOKI. This cryptocurrency can be used to purchase weapons, armor, and NFTs within the game. Additionally, a governance system is being developed that will give FLOKI holders a say in the game's direction.
By 2024, Floki Inu has experienced significant growth, with noticeable increases in value over the past 30 days and year. The circulating market cap for FLOKI is currently at $1.33 billion, showing that more people are becoming interested in investing in Valhalla.
Immutable X is a platform that is addressing Ethereum's scalability issue, specifically for gaming NFTs. It utilizes zk-rollups technology to enable gas-free creation and trading of NFTs, making it a popular choice for blockchain games. Due to its efficiency, Immutable X has become a preferred platform for gaming projects such as Gods Unchained and Guild of Guardians.
Developers and gamers prefer Immutable X because of its zero-fee transactions and fast scalability. The platform utilizes its IMX token for governance and staking. With a market cap of $2.3 billion, Immutable X is a promising option for potential growth in 2024 as more games become part of its ecosystem.
Gala Games is a platform for online gaming that operates with Web3 technology, allowing players to have actual ownership of assets within the games and a voice in decision-making for the ecosystem. The platform recently revealed that its games on Telegram, where users can earn rewards by tapping, have attracted over 3 million users. This milestone comes just before the introduction of their new token, $TREZ.
Gala relies on the GALA token for all activities within its games, making it essential for players who wish to engage with Gala's gaming platform. The popularity of Web3 gaming is increasing rapidly, particularly on platforms like Telegram that cater 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 being closely monitored by many interested in Web3 gaming for their emphasis on advanced, high-quality games and their strategy for scalability. XAI is a Layer-3 blockchain built on top of Arbitrum, a Layer-2 solution on Ethereum. By merging Ethereum's security with Arbitrum's scalability and incorporating a specialized layer for gaming, XAI aims to offer a unique gaming experience.
XAI is emerging as a significant 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, recognizing the importance of these aspects for top-tier gaming experiences.
Notcoin (NTC) is a digital currency that operates within The Open Network (TON) ecosystem and focuses on the GameFi industry. It offers a play-to-earn feature that has gained significant popularity, largely due to its integration with a popular game on Telegram where users can earn Notcoins by tapping on their screens. This unique earning method has attracted millions of users and has even been proposed as a potential monetization strategy for Telegram.
Although Notcoin's value decreased in recent months, it has started to show signs of improvement and has been increasing in value over the past month. Additionally, Notcoin has seamless integration with Telegram and TON infrastructure, making it a significant player in 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 leading the way. These tokens each serve a specific purpose, such as facilitating in-game economies, empowering active governance, or promoting decentralized ownership of assets.
The tokens for Web3 Gaming are seen as the future of blockchain gaming, but it's important to understand that the market can be very unpredictable. It is recommended that readers conduct their own research before making any investments.
Jason Newey is an experienced journalist who focuses on NFTs, the Metaverse, and Web3 technologies. He has a strong background in digital media and blockchain technology, allowing him to effectively communicate intricate ideas in his engaging and informative articles.
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Some suggested articles you may find interesting are about how to make money from Web3 games and hot Web3 gaming tokens to keep an eye on. Additionally, there are articles on earning rewards after an airdrop and ways to generate passive income through cryptocurrency in 2024. It is important to note that the information provided on this blog is for informational 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 do not necessarily represent the official stance of NFT News Today.
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