Exciting Web3 Gaming Tokens to Keep an Eye on Before 2024 Ends
The world of gaming is being transformed by blockchain and Web3 technology, leading to a rise in popularity of tokens for their effectiveness and usefulness in decentralized environments. These tokens play a crucial role in in-game economies by providing rewards, governance, and empowering players to have full ownership of their digital assets.
As 2024 nears its end, the Web3 gaming industry is experiencing a noticeable surge, with specific tokens standing out as successful assets. These tokens are not only fueling advancements in blockchain gaming but are also attracting the interest of investors seeking lucrative prospects.
1. Floki Inu, originally created as a meme token, is now aiming to establish itself as a significant player in the Web3 gaming industry. The token has been included in Valhalla, a virtual world where individuals can use and acquire FLOKI tokens.
The way it functions is that Valhalla users can engage in battles and complete different tasks within the game to earn FLOKI. This token can then be used to purchase in-game weapons, armor, and NFTs that act as assets in Valhalla. Additionally, there is a governance aspect being worked on that would give FLOKI holders the ability to impact the game's direction in the future.
By 2024, Floki Inu has performed impressively, showing significant growth over the past 30 days and year. The circulating market cap of FLOKI is now at $1.33 billion, indicating increasing popularity as more people join the Valhalla community.
Immutable X (IMX) is addressing Ethereum's scalability issue, particularly for gaming non-fungible tokens (NFTs). Utilizing zk-rollups technology, the platform enables NFT minting and trading without gas fees, making it ideal for blockchain games. Immutable X's impressive efficiency has drawn in gaming projects such as Gods Unchained and Guild of Guardians.
Developers and gamers prefer Immutable X due to its fee-less transactions and quick scalability. The platform uses the IMX token for governance and staking. With a market cap of $2.3 billion, Immutable X is poised for growth in 2024 as it continues to attract more games to its ecosystem.
Gala Games is a 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. The platform recently celebrated reaching over 3 million users for its tap-for-rewards games on Telegram, just before the launch of 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 ecosystem. The popularity of Web3 gaming is 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 highly regarded in the Web3 gaming community for 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 setup merges Ethereum's security features with Arbitrum's scalability, with an additional layer customized 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 is focused on providing both performance and security in the gaming sector, which are essential for delivering top-notch gaming experiences.
Notcoin (NTC) is a type of digital currency that operates within The Open Network (TON) ecosystem and is focused on the GameFi sector. It offers a play-to-earn model that has gained significant popularity, especially because of its connection to a popular game on Telegram where players can earn Notcoins by tapping on their devices. This currency has attracted millions of users with its straightforward and unique approach, and there are even suggestions for Telegram to use it as a way to generate revenue.
Although Notcoin experienced a decrease in value recently, it has started to show signs of improvement and has been 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 summary, the gaming sector within Web3 is continuously evolving, with platforms like Floki Inu, Immutable X, Gala, XAI, and Notcoin leading the way. These tokens serve different purposes such as facilitating in-game economies, enabling active governance, and supporting decentralized ownership of assets.
The Web3 Gaming tokens are seen as the future of blockchain gaming, but it's important to understand that market conditions can change rapidly. It is recommended that readers conduct their own research before making any investments.
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 engaging and informative articles.
Browse through all the
Here are some recommended articles for you to read:
– A comprehensive guide on how to make money from Web3 games
– A list of trending Web3 gaming tokens to keep an eye on before the year ends
Feel free to share these articles with others and explore more stories on our website.
Learn how to earn rewards from the Rocky Rabbit Airdrop and discover 8 ways to generate passive income through cryptocurrency in 2024. Please 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 those of the authors and may not represent the official stance of NFT News Today.
Sign up for our newsletter!
