Top Web3 Gaming Tokens to Keep an Eye on in 2024: Things to Look Out for Before the End of the Year
As blockchain and Web3 technology keep changing the gaming industry, tokens are becoming more popular for their effectiveness and usefulness in decentralized systems. These tokens are essential for in-game economies, providing benefits, control, and allowing players to have real ownership of their digital items.
At the end of 2024, the Web3 gaming industry is experiencing a surge in growth, with specific tokens standing out as top performers. These tokens are not only leading the way in developing blockchain-based games but are also attracting investors seeking potential opportunities.
1. The cryptocurrency known as Floki Inu, originally created as a joke, is now aiming to establish itself as a player in the Web3 gaming industry. It has been incorporated into Valhalla, a virtual world where people can use and accumulate FLOKI tokens.
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 direction moving forward.
Floki Inu has experienced strong performance in 2024, showing significant growth over the past 30 days and year. The circulating market cap for FLOKI is currently at $1.33 billion, showing that more people are showing interest in Valhalla.
2. Immutable X (IMX) is a solution for Ethereum's scalability issue, particularly for gaming NFTs. This platform, utilizing zk-rollups technology, enables the minting and trading of NFTs without gas fees, making it ideal for blockchain games. Due to its effectiveness, Immutable X has gained the interest of gaming projects such as Gods Unchained and Guild of Guardians.
Developers and gamers prefer using Immutable X because it offers fee-free transactions and the ability to scale quickly. The platform supports governance and staking through its IMX token. With a market cap of $2.3 billion, Immutable X is positioned for potential growth in 2024 as more games become part of its ecosystem.
Gala Games is a platform for online gaming that utilizes Web3 technology to provide players with actual ownership of in-game items and a voice in the governance of the ecosystem. Gala recently shared that their games on Telegram, where users can earn rewards by tapping, have reached over 3 million users. This milestone comes as Gala prepares to introduce its 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 content. The popularity of Web3 gaming is quickly increasing, particularly on platforms like Telegram that are more user-friendly for a wider audience. Gala has a market capitalization of $730 million and is experiencing a rapid growth in popularity.
The XAI blockchain and token are highly regarded in the Web3 gaming community for their emphasis on intricate, top-notch games and their unique approach to scalability. XAI operates as a Layer-3 blockchain built on top of Arbitrum, a Layer-2 solution for Ethereum, which merges Ethereum's security with Arbitrum's scalability and includes a tailored layer specifically designed 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 aims to provide both high performance and security in the gaming sector, recognizing the importance of these factors in delivering top-notch gaming experiences.
Notcoin (NTC) is a type of cryptocurrency that operates within The Open Network (TON) ecosystem and focuses on the GameFi industry. It utilizes 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 tapping on their screens. This straightforward and unique method has attracted millions of users and has even been proposed as a potential way for Telegram to generate revenue from its platform.
While Notcoin's value may have decreased recently, it has started to rebound and increase in value over the past month. Additionally, Notcoin's compatibility with Telegram and TON infrastructure ensures its importance in the GameFi token ecosystem will persist.
In conclusion, the gaming sector of Web3 is always evolving, with tokens like Floki Inu, Immutable X, Gala, XAI, and Notcoin leading the way. These tokens serve specific purposes such as enabling in-game economies, facilitating active governance, and promoting 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 advised for readers to conduct their own research before making any investments.
Writer
Jason Newey is an experienced journalist who focuses on NFTs, the Metaverse, and Web3 technologies. He has a digital media and blockchain technology background, allowing him to easily explain complicated ideas in interesting and informative articles.
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