Exciting Web3 Gaming Tokens to Keep an Eye on Before 2024 Concludes
As blockchain and Web3 technology are reshaping the gaming industry, tokens are becoming more popular for their effectiveness and usefulness in decentralized systems. These tokens play a crucial role in in-game economies by providing rewards, governance, and enabling players to have true ownership of their digital assets.
With 2024 coming to an end, the Web3 gaming industry is experiencing a notable increase in activity, with specific tokens standing out as successful performers. These tokens are not only fueling advancements in gaming utilizing blockchain technology, but are also attracting interest from investors seeking lucrative prospects.
1. Floki Inu (FLOKI) is a token that originated as a meme but is now aiming to establish itself in the Web3 gaming industry. It has recently been incorporated into Valhalla, a virtual world where people can use FLOKI tokens for rewards and purchases.
The process is as follows: Valhalla players can participate in battles and complete different tasks within the game to earn FLOKI. This token can be used to purchase in-game weapons, armor, and NFTs that represent assets in Valhalla. Additionally, there is a governance aspect in progress that would enable FLOKI holders to have a say in the game's future direction.
By 2024, Floki Inu has experienced significant growth, showing impressive gains over the past 30 days and 1 year. With a circulating market cap of $1.33 billion, FLOKI is attracting more investors as its popularity continues to rise.
2. Immutable X (IMX) is a platform that is addressing Ethereum's scalability issue, particularly for gaming NFTs. Utilizing zk-rollups, the platform enables minting and trading of NFTs without gas fees, making it an ideal choice for blockchain games. Due to its efficiency, Immutable X has garnered the interest of gaming projects such as Gods Unchained and Guild of Guardians.
Developers and gamers prefer Immutable X for its fee-free transactions and ability to quickly scale. The IMX token enables governance and staking on the platform. With a market cap of $2.3 billion, Immutable X has potential for growth in 2024 as more games become part of its ecosystem.
Gala Games is a platform for online gaming that operates on the Web3 technology. It allows players to have actual ownership of assets within the games and a voice in the governance of the platform. Gala recently shared that its games on Telegram, where users can earn rewards by tapping, have reached over 3 million users. This milestone comes as Gala prepares to introduce its 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 quickly increasing, particularly on platforms like Telegram that are easily accessible to a wider audience. Gala has a market capitalization of $730 million and is gaining momentum in terms of popularity.
The XAI blockchain and token are receiving attention from many interested in Web3 gaming because they prioritize creating intricate, top-notch games and have a scalable approach. XAI operates as a Layer-3 blockchain built on Arbitrum, a Layer-2 solution for Ethereum. This combination ensures the security of Ethereum while leveraging Arbitrum's scalability, with an added layer designed specifically for gaming.
XAI is emerging as a significant presence in the Web3 gaming industry with a market capitalization of $139.67 million. The platform is focusing on providing both high performance and security in the gaming industry, which are essential elements for top-notch 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 utilizes a play-to-earn system that has gained significant popularity, particularly 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 to the currency and has even been proposed as a potential way for Telegram to generate revenue from its platform.
Although Notcoin's value has decreased in recent months, it has started to show signs of improvement by increasing in value over the past month. Additionally, Notcoin's compatibility with Telegram and TON infrastructure makes it a strong contender in the GameFi token ecosystem.
In summary, the gaming sector in Web3 is always evolving, with projects like Floki Inu, Immutable X, Gala, XAI, and Notcoin leading the way. These tokens are each focused on different aspects such as enabling in-game economies, facilitating active governance, and promoting decentralized ownership of assets.
The future of blockchain gaming lies in Web3 Gaming tokens, but it's important to understand that market conditions can change quickly. It's crucial for readers to conduct their own research before making any investments in this space.
Writer
Jason Newey is an experienced journalist who focuses on NFTs, the Metaverse, and Web3 technologies. He has a background in digital media and blockchain technology, allowing him to effectively communicate complicated ideas in his engaging and informative articles.
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Please note that the information on this blog is for informational purposes only and should not be taken as financial, legal, or investment advice. The opinions expressed in the articles are those of the authors and do not necessarily represent the official stance of NFT News Today.
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