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Top Web3 Gaming Tokens of 2024: A Guide to Investing Before the Year Ends

  • October 10, 2024
  • 5 min read

Popular Gaming Tokens in Web3 for 2024: Important Things to Keep an Eye on Before the End of the Year

With the advancement of blockchain and Web3 technology, gaming tokens are becoming more popular for their effectiveness and usefulness in decentralized systems. These tokens play a crucial role in in-game economies by providing rewards, governance, and allowing players to have true ownership of their digital assets.

At the end of 2024, the Web3 gaming industry is experiencing a lot of growth, with specific tokens standing out as successful. These tokens are leading the way in innovation for blockchain gaming and are attracting investors seeking potential opportunities.

1. Floki Inu (FLOKI)

Floki Inu, originally a token created as a joke, is now working towards establishing itself as a player in the Web3 gaming industry. It has been included in Valhalla, a virtual world where people can use FLOKI tokens for rewards and purchases.

The process goes like this: Users of Valhalla can join in battles and complete different tasks within the game to earn FLOKI tokens. These tokens can be used to purchase items like weapons and armor within the game, as well as NFTs that represent valuable assets in Valhalla. Additionally, there is a governance feature being worked on that would give FLOKI holders the ability to impact the game's direction in the future.

By 2024, Floki Inu has experienced significant growth, showing impressive gains over the past 30 days and 1 year. With a circulating market capitalization of $1.33 billion, FLOKI is attracting more people as they join the Valhalla community.

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 drawn in gaming projects such as Gods Unchained and Guild of Guardians.

Developers and gamers prefer Immutable X due to its free transactions and fast scalability. The IMX token is used for governance and staking on the platform. 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 an online gaming platform that operates on Web3 technology, allowing players to have actual ownership of in-game items and a voice in the platform's governance. Gala recently revealed that their tap-for-rewards games on Telegram have gained over 3 million users, just before the release of their new token, $TREZ.

Gala utilizes the GALA token for all activities within its games, making it essential for players who wish to engage with Gala's gaming offerings. The popularity of Web3 gaming appears to be increasing rapidly, particularly on platforms like Telegram that are easily accessible to a wider audience. Gala has a market capitalization of $730 million and is gaining popularity at a fast pace.

XAI is a blockchain and token that is being closely monitored by many interested in Web3 gaming because of its emphasis on intricate and top-notch games and its strategy for scalability. XAI operates as a Layer-3 blockchain built on Arbitrum, a Layer-2 solution on Ethereum. This combination utilizes Ethereum's security, Arbitrum's scalability, and adds a gaming-specific layer.

XAI is emerging as a competitor 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 industry, which are essential elements for top-tier gaming experiences.

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 integration with a popular game on Telegram. Users can earn Notcoins by simply tapping on their screens while playing the game. This straightforward and innovative approach has attracted millions of users and has even been proposed as a method for Telegram to generate revenue from its platform.

Although Notcoin's value has decreased in recent months, there are indications of a recent increase in value over the past month. Additionally, Notcoin's compatibility with Telegram and TON infrastructure ensures its position as an important player in the GameFi token ecosystem.

In conclusion, the gaming sector of Web3 is continuously evolving, with various tokens like Floki Inu, Immutable X, Gala, XAI, and Notcoin leading the way. These tokens each serve a unique purpose, such as facilitating in-game economies, enabling active governance, or promoting decentralized ownership of assets.

The tokens used in Web3 Gaming 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 making any investment decisions.

Writer

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

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

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