Exciting Gaming Tokens in Web3 for 2024: Things to Keep an Eye on Before the End of the Year
As blockchain and Web3 technology reshape the gaming industry, tokens are becoming more popular for their effectiveness and usefulness in decentralized systems. These tokens are essential for in-game economies, providing rewards, governance, and the opportunity for players to have full ownership of their virtual assets.
At the end of 2024, the Web3 gaming industry is experiencing a lot of growth, with specific tokens standing out as successful. These tokens are not only leading the way in blockchain gaming innovation but are also attracting investors seeking potential opportunities.
1. Floki Inu, originally a meme token, is now expanding into the Web3 gaming industry. The token is now part of Valhalla, a virtual world where users can use FLOKI tokens for transactions.
In Valhalla, users can participate in battles and complete in-game tasks to earn FLOKI tokens. These tokens can be used to purchase weapons, armor, and NFTs within the game. Additionally, there is a governance feature in progress that will give FLOKI holders a say in the game's future development.
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 cap of $1.33 billion, FLOKI is becoming more popular as more people join the Valhalla community.
Immutable X is a solution to Ethereum's scalability issue, specifically for gaming NFTs. This platform, constructed using zk-rollups, enables the creation and exchange of NFTs without gas fees, making it an ideal environment for blockchain games. Immutable X's efficiency has drawn in gaming projects such as Gods Unchained and Guild of Guardians.
The popularity of Immutable X among developers and gamers is due to its zero-fee transactions and fast scalability. The platform utilizes its 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 as more games are expected to join its ecosystem.
Gala Games is an online gaming platform that operates on Web3 technology, allowing players to have actual ownership of assets within the games and a voice in how the platform is managed. The platform recently revealed that its games on Telegram, where users can earn rewards by participating, have attracted over 3 million players. This milestone comes just before the release of its 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 popularity of Web3 gaming appears to be 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 being closely monitored by many interested in Web3 gaming for their emphasis on advanced, high-quality games and their efforts to address scalability issues. XAI operates as a Layer-3 blockchain built on top of Arbitrum, a Layer-2 solution for Ethereum, which merges Ethereum's security features with Arbitrum's scalability capabilities, and includes a dedicated layer designed specifically for gaming applications.
XAI is emerging as a significant presence in the Web3 gaming industry, with a market capitalization of $139.67 million. The platform is establishing itself in the gaming market to provide 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 focuses on the GameFi industry. It offers a play-to-earn model that has gained significant popularity, particularly because of its connection to a popular game on Telegram where users can earn Notcoins by tapping on their screens. This simple and innovative approach has attracted millions of users and has been proposed as a potential method for Telegram to generate revenue from its platform.
Although Notcoin's value decreased in recent months, it has started to show signs of improvement and has been increasing in value over the past month. Additionally, Notcoin's compatibility with Telegram and TON infrastructure ensures its continued importance in the GameFi token ecosystem.
In conclusion, the gaming sector of Web3 is continuously evolving, with tokens like Floki Inu, Immutable X, Gala, XAI, and Notcoin leading the way. These tokens each serve a unique purpose, such as enabling in-game economies, facilitating active governance, or promoting decentralized ownership of assets.
The tokens for Web3 Gaming are seen as the future of blockchain gaming, but it is important to understand that the market can be unpredictable. It is recommended that readers conduct their own research before making any investments.
Writer
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 complex ideas in his articles.
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