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Top Web3 Gaming Tokens to Keep an Eye on Before 2024 Ends: A Comprehensive Guide

  • October 8, 2024
  • 5 min read

Top Gaming Tokens in Web3 for 2024: Things to Keep an Eye on Before the End of the Year

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

As we near the end of 2024, the Web3 gaming industry is experiencing a notable increase in activity, with specific tokens standing out as successful assets. These tokens are not only spurring advancements in gaming on the blockchain, but are also attracting interest from investors seeking lucrative prospects.

1. Floki Inu (FLOKI)

Originally created as a meme token, Floki Inu is now aiming to establish itself as a player in the Web3 gaming industry. It has been incorporated into Valhalla, a virtual world where individuals can utilize FLOKI tokens for various purposes.

In Valhalla, users can participate 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 are valuable assets in Valhalla. Additionally, there is a governance feature being developed that will give FLOKI holders the ability 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 year. With a market capitalization of $1.33 billion in circulation, FLOKI is attracting more people as they join the Valhalla community.

Immutable X is a solution to Ethereum's scalability issue, particularly for gaming NFTs. It is a platform based on zk-rollups that enables gas-free creation and trading of NFTs, making it ideal for blockchain games. Due to its efficiency, Immutable X has drawn interest from gaming projects such as Gods Unchained and Guild of Guardians.

Developers and gamers prefer Immutable X for its zero-fee transactions and ability to quickly scale. The platform uses its IMX token for governance and staking. With a market cap of $2.3 billion, Immutable X is a promising investment for potential growth in 2024 as more games become part of its ecosystem.

Gala Games is a platform for online gaming that utilizes 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, which allow users to earn rewards by tapping, have attracted over 3 million players. This milestone comes as Gala prepares to introduce its new token, $TREZ.

Gala utilizes the GALA token for all activities within their games, making it essential for players who wish to engage with Gala's gaming experiences. The popularity of Web3 gaming appears to be increasing rapidly, particularly on platforms like Telegram that are easily accessible to a wider audience. With a market capitalization of $730 million and a rising popularity, Gala is gaining momentum in the gaming industry.

The XAI blockchain and token are gaining attention in the Web3 gaming community for their emphasis on advanced, high-quality games and their unique scalability approach. XAI operates as a Layer-3 blockchain built on top of Arbitrum, a Layer-2 solution on Ethereum. This combination merges Ethereum's security features with Arbitrum's scalability capabilities, with an added layer tailored 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 focusing on providing both high performance and security in the gaming space, which are essential aspects 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 offers a play-to-earn feature that has gained significant popularity, particularly because of its connection to a popular game on Telegram where players can earn Notcoins by simply tapping on their screens. This straightforward and innovative approach 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 past month. Additionally, Notcoin's compatibility with Telegram and TON infrastructure ensures its significance within the GameFi token ecosystem.

In summary, the gaming sector of Web3 is continuously evolving with tokens like Floki Inu, Immutable X, Gala, XAI, and Notcoin leading the way. These tokens serve different purposes such as enabling in-game economies, facilitating active governance, and supporting decentralized ownership of assets.

The tokens used in Web3 Gaming are seen as the future of blockchain gaming, but it's important to understand that the market for these tokens can be unpredictable. It is advised for individuals to conduct their own research before deciding to invest in them.

Writer

Jason Newey is an experienced journalist who focuses on NFTs, the Metaverse, and Web3 technologies. He has a strong knowledge of digital media and blockchain technology, allowing him to effectively explain complicated ideas in his articles.

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Please note that the information provided on this blog is for informational purposes only and should not be taken as financial, legal, or investment advice. The views and opinions expressed in the articles belong to the authors and may not represent the official stance of NFT News Today.

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