Top Web3 Gaming Tokens to Keep an Eye on Before 2024 Concludes
With the advancement of blockchain and Web3 technology, gaming tokens are becoming increasingly popular for their effectiveness and usefulness in decentralized systems. 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 the year 2024 is ending, the Web3 gaming industry is gaining momentum, with particular tokens showing strong growth. These tokens are leading the way in advancing blockchain gaming and are attracting investors seeking promising investment opportunities.
1. Floki Inu, originally a meme token, is now expanding its presence in the Web3 gaming industry. By being incorporated into Valhalla, a metaverse where users can use and earn FLOKI tokens, it is positioning itself as a strong player in the field.
The process is as follows: Valhalla players can join battles and complete different tasks within the game to earn FLOKI. They can then use this token to purchase items such as in-game weapons and armor, as well as NFTs that act as assets within Valhalla. Additionally, a governance feature is being worked on that would enable FLOKI holders to have a say in the game's direction moving forward.
By 2024, Floki Inu has experienced significant growth, with noticeable gains in both the past 30 days and year. The circulating market cap for FLOKI is now at $1.33 billion, showing that more people are showing interest in Valhalla.
Immutable X (IMX) is a platform that addresses Ethereum's scalability issue, particularly for gaming NFTs. By utilizing zk-rollups technology, IMX enables gas-free minting and trading of NFTs, making it an ideal choice for blockchain-based games. Its efficient system has drawn in gaming projects such as Gods Unchained and Guild of Guardians.
Developers and gamers prefer Immutable X due to its zero-fee transactions and ability to scale quickly. The platform utilizes the IMX token for governance and staking. 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.
3. Gala (GALA)
Gala Games is a platform for online gaming that utilizes Web3 technology to grant players actual ownership of in-game items and a voice in the governance of the platform. Gala recently shared that their games on Telegram, where players can earn rewards by tapping, have attracted over 3 million users. This milestone comes before the introduction of their new token, $TREZ.
Gala relies on the GALA token for all activities within their games, making it essential for players. The popularity of blockchain-based gaming is rapidly increasing, particularly on platforms like Telegram that are easily accessible to a wide audience. Gala has a market capitalization of $730 million and is gaining popularity quickly.
XAI is a blockchain and token that has caught the attention of many in the Web3 gaming community for its emphasis on advanced, high-quality games and its strategy for scalability. XAI operates as a Layer-3 blockchain built on top of Arbitrum, a Layer-2 solution on Ethereum. This setup combines the security of Ethereum with the scalability of Arbitrum, while also incorporating a specialized layer tailored specifically for gaming purposes.
XAI is making a name for itself 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, which are essential aspects for top-of-the-line gaming experiences.
Notcoin (NTC) is a type of digital currency 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 unique and straightforward method has attracted millions of users quickly and has even been proposed as a potential revenue stream 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 works well with Telegram and TON infrastructure, ensuring its position as an important 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. Each of these tokens serves a unique purpose, such as enabling in-game economies, facilitating 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 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 effectively explain difficult ideas in interesting and informative articles.
See all of the
You may be interested in these articles:
– 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 this article with others. Here are some more stories you might enjoy:
– How to earn rewards from Rocky Rabbit after the airdrop
– Top 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 belong to the authors and may not necessarily represent the official stance of NFT News Today.
Sign up for our newsletter!