sedehoo

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

  • October 10, 2024
  • 5 min read

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

As blockchain and Web3 technology are shaping 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 allowing players to have full ownership of their digital assets.

As we near the end of 2024, the Web3 gaming industry is experiencing a surge in growth, with specific tokens standing out as successful assets. These tokens are not only pushing forward advancements in blockchain gaming, but they are also attracting investors seeking lucrative prospects.

Floki Inu, originally a meme token, is transitioning to become a player in the Web3 gaming industry. It has been incorporated into Valhalla, a virtual space where users can use FLOKI tokens for various activities.

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 enable FLOKI holders to have a say in the game's direction and future development.

By 2024, Floki Inu has been performing strongly, showing significant growth over the past 30 days and one year. With a circulating market capitalization of $1.33 billion, FLOKI is continuing to attract more people as they join the Valhalla community.

Immutable X (IMX) is addressing Ethereum's scalability issue, particularly for gaming NFTs. The platform utilizes zk-rollups to enable gas-free minting and trading of NFTs, making it a favorable choice for blockchain games. Due to its high efficiency, Immutable X has drawn in gaming projects such as Gods Unchained and Guild of Guardians.

Developers and gamers prefer Immutable X because of its zero-fee transactions and fast scalability. The platform uses its IMX token for governance and staking. With a market cap of $2.3 billion, Immutable X is predicted to see growth in 2024 as more games become part of its ecosystem.

Gala Games is a platform for online gaming that operates using Web3 technology. Players have actual ownership of in-game items and can participate in decisions regarding the platform's governance. Gala recently shared that their games on Telegram, where users can earn rewards by tapping, now have over 3 million users. This milestone comes before the introduction of their new token, $TREZ.

Gala's games require the use of the GALA token for all in-game activities, making it essential for players. The popularity of Web3 gaming is rapidly increasing, 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.

The XAI blockchain and token are being closely monitored by many in the Web3 gaming community because of their emphasis on advanced, high-quality games and their strategy for scalability. XAI operates as a Layer-3 blockchain built on top of Arbitrum, which is a Layer-2 solution on Ethereum. This combination brings together Ethereum's security features with Arbitrum's scalability, along with a dedicated layer designed specifically for gaming.

XAI is emerging as a competitor in the Web3 gaming industry and currently has a market capitalization of $139.67 million. The platform is establishing itself in the gaming market by providing both performance and security, which are essential elements for top-notch gaming experiences.

Notcoin (NTC) is a type of digital currency that operates within The Open Network (TON) system and focuses on the GameFi industry. It has a play-to-earn feature that has gained significant popularity, especially because it is linked to a popular game on Telegram where players can earn Notcoins by tapping on their screens. This currency has attracted millions of users with its straightforward and innovative approach, and there have been suggestions that it could be a way for Telegram to generate revenue from its platform.

Although Notcoin experienced a decrease in value in recent months, it has started to show signs of improvement and has been increasing in value over the past month. Additionally, Notcoin's integration with Telegram and TON infrastructure makes it a significant player 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. Each of these tokens serves a specific purpose, such as enabling in-game economies, facilitating active governance, or promoting decentralized ownership of assets.

The tokens used in Web3 Gaming are seen as the future of blockchain gaming, but it is important to understand that market conditions can change quickly. It is advised for individuals to conduct their own research before making any investments in this area.

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.

Browse through all the

Recommended Articles

A Comprehensive Guide on How to Make Money from Web3 Games

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

Share This Article

More Articles

Earning Rocky Rabbit Rewards Post Airdrop: A How-to Guide

Exploring 8 Ways to Generate Passive Income with Cryptocurrency in 2024

The content shared on this blog is intended for informational purposes only and should not be considered as financial, legal, or investment advice. The opinions expressed in the articles are personal views of the authors and may not align with the official stance of NFT News Today.

Sign up to receive updates from our newsletter!

Leave a Reply

Your email address will not be published. Required fields are marked *