Top Web3 Gaming Tokens to Keep an Eye on Before the End of 2024
With the ongoing evolution of blockchain and Web3 technology, gaming tokens are becoming increasingly popular for their effectiveness and usefulness in decentralized environments. These tokens serve as the backbone of in-game economies, providing rewards, governance, and empowering players to have true ownership over their digital assets.
By the end of 2024, there is a noticeable increase in activity within the Web3 gaming industry, with specific tokens gaining traction as successful assets. These tokens are leading the way in introducing new ideas to gaming on blockchain technology, and are attracting interest from investors seeking lucrative prospects.
Floki Inu (FLOKI) initially began as a token created for humor, but has since evolved into a player in the Web3 gaming industry. The token is now part of Valhalla, a digital universe where users can use FLOKI tokens for various activities.
The way it operates is that Valhalla users can join battles and complete different tasks within the game to earn FLOKI tokens. These tokens can be used to purchase in-game weapons, armor, and NFTs that represent assets in Valhalla. Additionally, a governance feature is being developed that will give FLOKI holders the ability to have a say in the game's direction moving forward.
In the year 2024, Floki Inu has been performing strongly, showing significant growth over the past 30 days and 1 year. With a circulating market capitalization of $1.33 billion, FLOKI is becoming more popular as more people join the Valhalla community.
Immutable X is a platform that aims to address Ethereum's scalability issue, particularly for gaming NFTs. By utilizing zk-rollups technology, Immutable X enables the minting and trading of NFTs without requiring gas fees, making it an ideal choice for blockchain games. Its efficient design 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 ability to quickly scale. It utilizes the IMX token for governance and staking. With a market cap of $2.3 billion, Immutable X is seen as a promising option for growth in 2024 as more games become part of its ecosystem.
3. Gala (GALA)
Gala Games is a platform for online gaming that operates on Web3 technology. It allows players to have actual ownership of items within the games and a voice in the governance of the ecosystem. Gala recently shared that their games on Telegram, which reward users for their activity, now have over 3 million players. This milestone comes just before the release of their new token, $TREZ.
Gala relies on the use of 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 cater to a wider audience. Gala has a market capitalization of $730 million and is gaining popularity at a fast pace.
The XAI blockchain and its token are closely monitored by many interested in Web3 gaming because they prioritize creating sophisticated, high-quality games and have a scalable approach. XAI is built on top of Arbitrum, a Layer-2 solution on the Ethereum blockchain, which combines Ethereum's security with Arbitrum's scalability and includes a specialized layer designed specifically for gaming.
XAI is emerging as a significant player 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 sector, which are essential for delivering top-tier gaming experiences.
5. Notcoin (NTC)
Notcoin (NTC) is a type of digital currency that operates within The Open Network (TON) ecosystem and focuses on the GameFi sector. It offers a play-to-earn model that has gained significant popularity, particularly because of its connection to a popular game on Telegram where players can earn Notcoins by tapping on their screens. This currency has attracted millions of users with its easy and innovative approach, and there have been suggestions that it could be a way for Telegram to generate revenue from its platform.
While Notcoin may have experienced a decrease in value recently, it has started to show signs of improvement by increasing in value over the past month. Additionally, Notcoin works well with Telegram and TON infrastructure, ensuring its importance in the GameFi token ecosystem.
In summary, the gaming sector of Web3 is continuously evolving with the progress of projects like Floki Inu, Immutable X, Gala, XAI, and Notcoin. These tokens serve different purposes such as facilitating in-game economies, enabling active governance, and promoting decentralized ownership of assets.
The tokens used in Web3 Gaming are seen as the future of blockchain gaming, but it's important to remember that the market for these tokens can be very unpredictable. It is recommended that individuals conduct their own research before making any investment decisions.
Writer
Jason Newey is an experienced writer who focuses on NFTs, the Metaverse, and Web3 technologies. He has a digital media and blockchain technology background, allowing him to effectively explain complicated ideas in interesting and informative articles.
Browse through all the
Possible Related Articles
A Comprehensive Guide on Making Money through Web3 Games
Upcoming Popular Tokens in Web3 Gaming for 2024
Spread the Word
Additional Articles
Rocky Rabbit Reward Earning Tips Post Airdrop
Effective Methods to Generate Passive Income with Cryptocurrency in 2024
The content on this blog is meant for informational use only and should not be considered as financial, legal, or investment advice. The opinions and perspectives shared in the articles belong to the writers and may not represent the official stance of NFT News Today.
Sign up to receive our newsletter!
