Exciting Gaming Tokens in Web3 for 2024: Key Things to Keep an Eye on Before the End of the Year
The world of gaming is being transformed by blockchain and Web3 technology, with tokens becoming increasingly popular for their effectiveness and usefulness in decentralized systems. These tokens are crucial for in-game economies, providing rewards, governance, and empowering players to have full ownership of their digital assets.
The Web3 gaming industry is gaining momentum as we approach the end of 2024, with some tokens standing out as top performers. These tokens are leading the way in innovative blockchain gaming and are attracting investors seeking promising investment opportunities.
1. Floki Inu, originally created as a joke cryptocurrency, is now expanding into the world of Web3 gaming. It has been included in Valhalla, a virtual universe where people can use FLOKI tokens for various activities.
This is how Valhalla functions: Users can participate in battles and complete different tasks within the game to earn FLOKI. They can use this token to purchase in-game weapons, armor, and NFTs that represent Valhalla assets. Additionally, there is a governance feature being developed that will enable FLOKI holders to have a say in the game's direction.
By 2024, the cryptocurrency Floki Inu has experienced significant growth, with noticeable increases in value over the past 30 days and year. The circulating market cap for FLOKI is currently at $1.33 billion, indicating a growing interest from more investors joining the Valhalla community.
Immutable X (IMX) is a solution to Ethereum's scalability issue, focusing on gaming NFTs. It operates using zk-rollups, enabling NFT minting and trading without gas fees, which is ideal for blockchain games. Due to its efficiency, Immutable X has gained the attention of gaming projects such as Gods Unchained and Guild of Guardians.
Developers and gamers prefer Immutable X because of its fee-free transactions and ability to scale quickly. 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 more games become part of its ecosystem.
Gala Games is a platform for online gaming that operates on Web3 technology. It allows players to have actual ownership of in-game items and a voice in the decision-making process for the platform. Gala recently shared that its games on Telegram, where users can earn rewards by tapping, have reached over 3 million users. This achievement comes before the release of their new token, $TREZ.
Gala relies on the GALA token for all activities within their games, making it essential for players who wish to engage with Gala's gaming ecosystem. The interest in Web3 gaming appears to be 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 experiencing a surge in popularity.
The XAI blockchain and token are gaining attention in the Web3 gaming community for 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 unique combination merges Ethereum's security with Arbitrum's scalability, and includes a tailored layer specifically designed for gaming purposes.
XAI is emerging as a significant player in the Web3 gaming industry, with a market capitalization of $139.67 million. The platform is aiming to establish itself in the gaming market by providing both top-notch performance and security, which are essential aspects for high-quality 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 has a play-to-earn system that has gained a lot of popularity, especially 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 for Telegram to use it as a way to make money from its platform.
Even though Notcoin's value decreased in the past few months, it has started to recover recently 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 the world of Web3 gaming, there are several projects such as Floki Inu, Immutable X, Gala, XAI, and Notcoin that are continuously evolving. Each of these tokens serves a specific purpose, such as enabling in-game economies, facilitating active governance, or promoting decentralized ownership of assets.
The tokens used in Web3 Gaming are considered to be the future of blockchain gaming. However, it is important to understand that market conditions can change rapidly, so individuals should conduct thorough research before making any investments.
Jason Newey is an experienced journalist who focuses on NFTs, the Metaverse, and Web3 technologies. He has a strong background in digital media and blockchain technology, allowing him to effectively communicate complicated ideas in his articles.
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