In 2024, there are popular gaming tokens in the Web3 space that are worth keeping an eye on before the year ends. With the advancements in blockchain and Web3 technology, tokens are becoming more popular for their effectiveness and usefulness in decentralized gaming environments. These tokens play a key role in in-game economies by providing rewards, governance, and allowing players to have true ownership over their digital assets.
Towards the end of 2024, there is a notable increase in momentum within the Web3 gaming industry, with specific tokens standing out as successful. These tokens are not just leading advancements in gaming using blockchain technology, but they are also attracting interest from investors seeking potential growth opportunities.
1. Floki Inu (FLOKI) is a cryptocurrency that began as a meme token but is now expanding its presence in the Web3 gaming industry. It has been incorporated into Valhalla, a virtual world where individuals can use FLOKI tokens for various activities.
The way it operates is that users of Valhalla 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, there is a governance aspect being worked on that would give FLOKI holders the ability to impact the game's direction in the future.
By the year 2024, Floki Inu has experienced significant growth, with noticeable increases in value over the past 30 days and year. With a circulating market capitalization of $1.33 billion, FLOKI is continuing to attract more investors as interest in Valhalla grows.
Immutable X (IMX) is a solution to Ethereum's scalability issue, specifically for gaming NFTs. It uses zk-rollups technology to enable gas-free creation and trading of NFTs, making it an ideal platform for blockchain games. Its efficiency has drawn in gaming projects such as Gods Unchained and Guild of Guardians.
Developers and gamers are drawn to Immutable X for its free transactions and quick ability to handle growth. The IMX token is used for governance and staking on the platform, which has a market cap of $2.3 billion. With more games expected to join its ecosystem, Immutable X could see significant growth potential in 2024.
3. Gala Games is a platform for Web3 gaming that allows players to have genuine ownership of in-game items and a voice in the governance of the ecosystem. Gala recently revealed that their tap-for-rewards games on Telegram reached over 3 million users, just before the release of their new token, $TREZ.
Gala's games require the use of the GALA token for all interactions within the game, making it essential for players. The popularity of Web3 gaming is on the rise, particularly on platforms like Telegram that appeal to a wider audience. Gala has a market capitalization of $730 million and is gaining increasing popularity.
The XAI blockchain and token are highly regarded in the Web3 gaming community for their emphasis on sophisticated, top-notch games and their strategy for scalability. XAI operates as a Layer-3 blockchain built on Arbitrum, a Layer-2 solution on Ethereum. This combination merges Ethereum's security with Arbitrum's scalability and introduces a tailored layer specifically designed for gaming purposes.
XAI is emerging as a significant presence 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 performance and security, which are essential factors for delivering top-tier gaming experiences.
Notcoin (NTC) is a digital currency that operates within The Open Network (TON) ecosystem and focuses on the GameFi industry. It has a play-to-earn feature that has gained significant popularity, especially because of its connection to a popular game on Telegram that allows players to earn Notcoins by tapping on their screens. This straightforward and unique method has attracted millions of users and has even been proposed as a potential way for Telegram to generate revenue from its platform.
Although Notcoin's value decreased in recent months, it has started to show signs of improvement by increasing in value over the last month. Additionally, Notcoin's compatibility with Telegram and TON infrastructure makes it a significant player in the GameFi token ecosystem.
In conclusion, the gaming sector within 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 supporting decentralized ownership of assets.
The future of blockchain gaming lies in Web3 Gaming tokens, but it is important to understand that market dynamics in this space can be unpredictable. It is advised for readers to conduct their own research before making any investments.
Jason Newey is an experienced writer who focuses on NFTs, the Metaverse, and Web3 technologies. He has a strong knowledge of digital media and blockchain technology, allowing him to explain difficult ideas in a clear and interesting way in his articles.
Browse through all the
Articles You Might Enjoy
A Comprehensive Guide on Making Money from Web3 Games
Upcoming Popular Tokens in Web3 Gaming for 2024
Share This Article
More Stories
Earning Rewards from Rocky Rabbit Post Airdrop
Different Methods to Generate Passive Income with Cryptocurrency in 2024
The content on this blog is meant for informational purposes and should not be taken as financial, legal, or investment advice. The opinions expressed in the articles belong to the authors and may not represent the official stance of NFT News Today.
Sign up for our newsletter to stay updated!