Top Crypto 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 in the gaming industry, gaming tokens are becoming increasingly popular for their efficiency and usefulness within decentralized systems. These tokens play a crucial role in in-game economies by providing incentives, enabling governance, and empowering players to have full ownership of their digital assets.
In the final months of 2024, the Web3 gaming industry is experiencing a surge in growth, with specific tokens standing out as successful assets. These tokens are not only spurring advancements in blockchain gaming but are also drawing interest from investors seeking lucrative investment prospects.
1. Floki Inu (FLOKI) is a token that originally began as a meme but is now aiming to establish itself as a significant player in the Web3 gaming sector. It has been included in Valhalla, a virtual world where users have the opportunity to both earn and use FLOKI tokens.
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, there is a governance system being developed that would give FLOKI holders the ability to have a say in the game's direction moving forward.
In 2024, Floki Inu has experienced significant growth, with notable increases in value over the past 30 days and 1 year. The circulating market cap of FLOKI is currently $1.33 billion, and the cryptocurrency is gaining popularity as more people join the Valhalla community.
2. Immutable X (IMX) is addressing Ethereum's scalability issue, specifically for gaming NFTs. By utilizing zk-rollups technology, the platform enables gas-free creation and exchange of NFTs, making it ideal for blockchain games. Immutable X's efficiency has drawn in gaming projects such as Gods Unchained and Guild of Guardians.
Developers and gamers prefer Immutable X for its ability to process transactions without fees and scale quickly. It supports governance and staking using the IMX token. With a market cap of $2.3 billion, Immutable X could see significant growth in 2024 as more games become part of its ecosystem.
Gala Games is an online gaming platform that operates on the Web3 technology. It allows players to have true ownership of in-game items and a voice in the governance of the platform. Gala recently shared that their tap-for-rewards games on Telegram have reached over 3 million users, just before the release of their new token, $TREZ.
Gala relies on the GALA token for all activities within its games, making it essential for players looking to engage with Gala's gaming experiences. The interest in Web3 gaming is rapidly 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 gaining popularity at a fast pace.
XAI blockchain and token are being closely watched by many in the Web3 gaming community because of their emphasis on intricate and high-quality games, as well as their scalable approach. XAI is built on Arbitrum, a Layer-2 solution on Ethereum, merging Ethereum's security with Arbitrum's scalability and introducing a gaming-specific layer.
XAI is emerging as a key player in the Web3 gaming industry with a market capitalization of $139.67 million. The platform is focusing on providing both high performance and security in the gaming realm, which are essential for top-tier gaming experiences.
Notcoin (NTC) is a type of digital currency that operates on The Open Network (TON) platform and is focused 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 players can earn Notcoins by tapping on their screens. This straightforward and innovative approach has attracted millions of users and has even been proposed as a potential revenue source for Telegram.
Although Notcoin's value decreased in recent months, it has started to show signs of improvement by increasing in value over the past month. Additionally, Notcoin's compatibility with Telegram and TON infrastructure ensures that it will continue to be an important player in the GameFi token ecosystem.
In conclusion, the gaming sector of Web3 is always evolving, with tokens like 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 Web3 Gaming tokens are seen as the future of blockchain gaming, but it is important to understand that the market can be unpredictable. It is advised for readers to conduct their own research before making any investment decisions.
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 through interesting and informative articles.
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Other articles you may find interesting include a guide on how to make money from Web3 games and a list of hot Web3 gaming tokens to keep an eye on in 2024. You can also learn about earning rewards from the Rocky Rabbit airdrop and different ways to generate passive income through cryptocurrency in the upcoming year. It's important to note that the information provided on this blog is purely for informational purposes 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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