Exciting Web3 gaming tokens to keep an eye on in 2024 are making waves as blockchain and Web3 technology revolutionize the gaming industry. These tokens are becoming popular for their efficiency and usefulness in decentralized environments, serving as the basis for in-game economies. They provide players with rewards, governance, and the opportunity to have full ownership of their digital assets.
Towards the end of 2024, the Web3 gaming industry is experiencing a surge in growth, with specific tokens standing out as top performers. These tokens are not only pushing forward advancements in gaming on the blockchain, but they are also attracting investors seeking potential opportunities.
1. Floki Inu (FLOKI) is a cryptocurrency that began as a joke but is now expanding into the world of Web3 gaming. It has now been included in Valhalla, a virtual world where people can use FLOKI tokens for various activities.
This is how Valhalla operates: Players can engage in battles and complete different tasks within the game to earn FLOKI. They can use this digital currency to purchase in-game weapons, armor, and NFTs that represent valuable assets in Valhalla. Additionally, there is a governance aspect being developed that will enable FLOKI holders to have a say in shaping the game's direction moving forward.
Floki Inu has experienced significant growth in 2024, with impressive gains in value over the past 30 days and year. The circulating market cap of FLOKI is now at $1.33 billion, showing that more people are becoming interested in Valhalla and investing in this cryptocurrency.
Immutable X is a solution for Ethereum's scalability issue, particularly for gaming NFTs. It uses zk-rollups to enable gas-free minting and trading of NFTs, 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 for its zero-fee transactions and quick scalability. The platform uses its IMX token for governance and staking. With a market cap of $2.3 billion, Immutable X is poised for 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. They recently revealed that their games on Telegram, where users can earn rewards by tapping, have attracted over 3 million users. This milestone comes 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 who want to engage with Gala's gaming experiences. The popularity of Web3 gaming is increasing rapidly, 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 quickly.
The XAI blockchain and token are being closely followed by many in the Web3 gaming community because of their emphasis on advanced, top-notch games and their innovative approach to scalability. XAI operates as a Layer-3 blockchain built on top of Arbitrum, a Layer-2 solution on Ethereum. This combination leverages Ethereum's security and Arbitrum's scalability, with an additional layer tailored specifically for gaming purposes.
XAI is gaining traction in the Web3 gaming industry with a market cap of $139.67 million. The platform aims to provide both performance and security in the gaming world, which are essential for top-notch gaming experiences.
5. Notcoin (NTC) is a type of digital currency that operates within The Open Network (TON) ecosystem 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 users can earn Notcoins by interacting with the game. This straightforward and innovative approach has attracted millions of users and has even been considered as a potential revenue stream for Telegram's platform.
Although Notcoin's value decreased in the past few months, it has started to show signs of improvement recently, increasing in value over the last month. Additionally, Notcoin's integration with Telegram and TON infrastructure makes it a significant player 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 facilitating in-game economies, enabling active governance, or promoting decentralized ownership of assets.
The tokens for Web3 Gaming are seen as the future of blockchain gaming, but it's important to remember that the market can be unpredictable. It is recommended that individuals conduct their own research before making any investments in this space.
Writer Jason Newey is an experienced journalist who focuses on NFTs, the Metaverse, and Web3 technologies. He has a strong digital media and blockchain technology background, allowing him to effectively explain complicated ideas in interesting and informative articles.
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