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

  • October 11, 2024
  • 5 min read

Top Web3 Gaming Tokens to Keep an Eye on in 2024: Key Things to Look Out for Before the Year is Over

With the ongoing evolution of blockchain and Web3 technology in the gaming industry, tokens are becoming increasingly popular for their effectiveness and usefulness within decentralized ecosystems. These tokens play a crucial role in in-game economies by providing rewards, enabling governance, and empowering players to have true ownership over their digital assets.

Towards the end of 2024, there is a noticeable increase in activity within the Web3 gaming industry, as specific tokens are standing out as successful assets. These tokens are not only leading advancements in gaming on the blockchain, but they are also attracting interest from investors seeking lucrative prospects.

1. Floki Inu (FLOKI) is a cryptocurrency that originally began as a meme token but is now expanding into the Web3 gaming industry. It has been added to Valhalla, a virtual world where users have the ability to earn and use FLOKI tokens.

In Valhalla, users can engage in battles and complete in-game tasks to earn FLOKI tokens. These tokens can be used to purchase items such as weapons, armor, and NFTs within the game. Additionally, there is a governance feature in progress that will give FLOKI holders a say in the game's development.

By 2024, Floki Inu has shown strong performance, with significant growth over the past 30 days and year. The circulating market cap of FLOKI is currently at $1.33 billion, and its popularity is increasing as more people join the Valhalla community.

Immutable X (IMX) is addressing Ethereum's issue with scalability, particularly for gaming NFTs. This platform, which uses zk-rollups technology, enables the creation and trading of NFTs without gas fees, making it an ideal choice 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 Immutable X for its free transactions and ability to quickly grow in size. The IMX token is used for governance and staking on the platform. With a market cap of $2.3 billion, Immutable X is expected to continue expanding in 2024 as more games become part of its ecosystem.

Gala Games is a platform for online gaming that utilizes Web3 technology, allowing 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 attracted over 3 million users, just before the introduction 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 popularity of Web3 gaming is on the rise, particularly on platforms like Telegram that have a wider reach to a broader audience. Gala has a market capitalization of $730 million and is rapidly gaining in popularity.

The XAI blockchain and token are being closely monitored by many interested in Web3 gaming because they prioritize intricate, high-quality games and have a scalable approach. XAI operates as a Layer-3 blockchain built on top of Arbitrum, a Layer-2 solution on Ethereum. This combination ensures security from Ethereum and scalability from Arbitrum, with an added gaming-focused layer.

XAI is emerging as a competitor in the Web3 gaming industry with a market capitalization of $139.67 million. The platform is establishing itself in the gaming market by focusing on providing both high performance and security, which are essential for top-notch gaming experiences.

Notcoin (NTC) is a type of digital currency that operates within The Open Network (TON) ecosystem and focuses on the GameFi sector. It utilizes a play-to-earn model that has gained significant popularity, particularly because of its connection to a popular game on Telegram where users can earn Notcoins by interacting with their screens. This straightforward and innovative method has attracted millions of users to the currency and has even been proposed as a potential way for Telegram to generate revenue from its platform.

Despite experiencing a decrease in value in recent months, Notcoin 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 its importance in the GameFi token ecosystem.

In summary, the gaming sector of Web3 is continuously evolving, with tokens 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 supporting decentralized ownership of assets.

The tokens used in Web3 Gaming are seen as the future of blockchain gaming, but it's important to understand that the market can be unpredictable. It's recommended for readers to 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 understanding of digital media and blockchain technology, allowing him to effectively communicate complex ideas through his engaging and informative articles.

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