Exciting Web3 Gaming Tokens in 2024: Key Points to Keep an Eye on Before the Year is Over
With the ongoing evolution of blockchain and Web3 technology in the gaming industry, tokens are becoming more popular for their effectiveness and usefulness in decentralized environments. These tokens serve as the basis for in-game economies, providing incentives, decision-making power, and the opportunity for players to have full ownership of their virtual assets.
Towards the end of 2024, the Web3 gaming industry is experiencing a notable surge in growth, with specific tokens standing out as top performers. These tokens are not only pushing advancements in gaming on the blockchain, but are also attracting interest from investors seeking lucrative prospects.
Floki Inu, a token that originated as a meme, is moving towards establishing itself as a strong player in the Web3 gaming industry. It has now been incorporated into Valhalla, a virtual world where users can use and earn FLOKI tokens.
The process is as follows: Valhalla players can engage in 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 will enable FLOKI holders to have a say in the game's direction moving forward.
By 2024, Floki Inu has achieved success, experiencing significant growth over the past 30 days and year. With a circulating market cap of $1.33 billion, FLOKI is becoming increasingly popular as more people join the Valhalla community.
Immutable X (IMX) is a solution for Ethereum's scalability issue, particularly for gaming NFTs. It operates on zk-rollups technology, enabling NFT minting and trading without gas fees. This makes it an ideal platform for blockchain games. Due to its effectiveness, Immutable X has gained interest from gaming projects such as Gods Unchained and Guild of Guardians.
Developers and gamers prefer Immutable X for its fee-free transactions and ability to scale quickly. The IMX token is used for governance and staking within the platform. Immutable X has a market capitalization of $2.3 billion, making it a promising option for potential 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. Gala recently shared that their games on Telegram, where users can tap for rewards, have reached over 3 million players, just 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 wish to engage with Gala's gaming ecosystem. The popularity of Web3 gaming is increasing rapidly, particularly on platforms like Telegram that are easily accessible to a wide audience. Gala has a market capitalization of $730 million and is gaining popularity quickly.
Number 4 on the watchlist for Web3 gaming enthusiasts is XAI, known for its emphasis on intricate, top-notch games and its scalable approach. XAI operates on a Layer-3 blockchain built on top of Arbitrum, a Layer-2 solution for Ethereum. This setup merges Ethereum's security with Arbitrum's scalability and includes a dedicated gaming layer.
XAI is establishing a presence in the Web3 gaming industry with a market capitalization of $139.67 million. The platform aims to provide both high performance and security in the gaming realm, two key factors for a top-notch gaming experience.
Notcoin (NTC) is a type of cryptocurrency that operates within The Open Network (TON) ecosystem and is focused on the GameFi industry. It utilizes a play-to-earn model that has gained significant popularity, particularly because of its integration with a popular game on Telegram where users can earn Notcoins by tapping on their screens. This unique approach has attracted millions of users and has even been proposed as a potential revenue source for Telegram.
Although Notcoin's value decreased in recent months, it has started to show signs of improvement, 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 conclusion, it can be seen that the gaming sector in Web3 is always evolving, with projects 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 promoting decentralized ownership of assets.
The future of blockchain gaming lies in Web3 Gaming tokens. It is important to understand that market conditions can change rapidly, so readers should conduct their own 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 intricate ideas through compelling and educational articles.
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The content on this blog is intended for informational purposes and should not be considered as financial, legal, or investment advice. The viewpoints and thoughts shared in the articles belong to the writers and may not represent the official stance of NFT News Today.
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