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Top Web3 Gaming Tokens to Keep an Eye on Before 2024 Ends

  • October 9, 2024
  • 5 min read

Top Web3 Gaming Tokens to Keep an Eye on Before the End of 2024

With the advancement of blockchain and Web3 technology, tokens are becoming increasingly popular in gaming for their effectiveness and usefulness in decentralized systems. These tokens play a key role in in-game economies by providing rewards, governance, and allowing players to have full ownership of their digital assets.

By the end of 2024, the Web3 gaming industry is experiencing a noticeable increase in activity, with some tokens standing out as successful assets. These tokens are not only pushing advancements in gaming using blockchain technology, but are also attracting investors seeking potential opportunities.

1. Floki Inu (FLOKI)

Originally a meme token, Floki Inu is now expanding its presence in the Web3 gaming sector. It has been included in Valhalla, a virtual world where users can use FLOKI tokens for various activities.

Valhalla users participate in battles and complete tasks within the game to earn FLOKI tokens. These tokens can be used to purchase in-game weapons, armor, and NFTs representing Valhalla assets. Additionally, a governance feature is being developed that will give FLOKI holders a say in the game's direction.

By 2024, Floki Inu has experienced significant growth, with impressive gains in both the 30-day and 1-year periods. The circulating market cap of FLOKI is now at $1.33 billion, showing that the cryptocurrency is becoming more popular as more people join the Valhalla community.

Immutable X is a platform that addresses Ethereum's scalability issue by focusing on gaming NFTs. By utilizing zk-rollups technology, it enables gas-free minting and trading of NFTs, which is ideal for blockchain games. This efficiency has drawn gaming projects such as Gods Unchained and Guild of Guardians to the platform.

Immutable X is a popular option for developers and gamers due to its zero-fee transactions and quick scalability. It utilizes the IMX token for governance and staking. With a market cap of $2.3 billion, Immutable X is seen as a promising investment for potential growth in 2024, especially as more games become part of its ecosystem.

Gala Games is an online gaming platform that utilizes Web3 technology to allow players to have actual ownership of in-game items and a voice in the platform's governance. They recently shared that their tap-for-rewards games on Telegram have reached over 3 million users, just before the debut 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 platform. The popularity of Web3 gaming is increasing rapidly, particularly on platforms like Telegram that appeal to a wider audience. Gala has a market capitalization of $730 million and is gaining popularity at a fast pace.

The XAI blockchain and token are highly regarded in the Web3 gaming community for their emphasis on intricate, top-notch games and their scalable approach. XAI operates as a Layer-3 blockchain utilizing Arbitrum, a Layer-2 solution on Ethereum. This combination merges Ethereum's security with Arbitrum's scalability, with an added gaming-specific layer.

XAI is making its mark in the Web3 gaming industry, with a market capitalization of $139.67 million. The platform aims to provide both performance and security in the gaming world, which are essential for top-tier gaming experiences.

Notcoin (NTC) is a type of digital currency that operates within The Open Network (TON) system and is focused on the GameFi industry. It utilizes a play-to-earn model that has gained significant popularity, particularly because of its connection to a popular game on Telegram that allows players to earn Notcoins by simply tapping on their devices. This currency has attracted millions of users with its straightforward and unique approach, and there have been suggestions that it could be a way for Telegram to generate revenue from its platform.

Despite experiencing a decline in value in recent months, Notcoin has started to show signs of improvement, increasing in value over the past month. Additionally, Notcoin has strong integration with Telegram and TON infrastructure, ensuring its continued importance in the GameFi token ecosystem.

In conclusion, the gaming sector of Web3 is always evolving, with tokens like Floki Inu, Immutable X, Gala, XAI, and Notcoin leading the way. These tokens play specific roles such as enabling in-game economies, facilitating active governance, and 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's recommended for readers to 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 digital media and blockchain technology background, allowing him to effectively explain complicated ideas in his articles in a clear and engaging manner.

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The content on this blog is meant for informational purposes and should not be considered as financial, legal, or investment advice. The opinions expressed in the articles are those of the writers and may not align with NFT News Today's official stance.

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