Top Web3 Gaming Tokens to Keep an Eye on Before the End of 2024
As blockchain and Web3 technology reshape the gaming industry, tokens are becoming more popular for their effectiveness and usefulness in decentralized environments. 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.
Towards the end of 2024, the Web3 gaming industry is experiencing a notable surge, with specific tokens standing out as successful investments. These tokens are not only leading advancements in gaming using blockchain technology, but are also attracting investors seeking lucrative prospects.
Floki Inu (FLOKI) is a cryptocurrency that originally began as a meme token but is now expanding its presence in the Web3 gaming sector. It has been incorporated into Valhalla, a virtual world where individuals can use and accumulate FLOKI tokens.
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 representing Valhalla assets. Additionally, a governance feature is being developed that will give FLOKI holders a say in the game's direction moving forward.
By 2024, Floki Inu has experienced significant growth, with notable increases in value over the past 30 days and year. The circulating market cap of FLOKI stands at $1.33 billion, indicating a growing interest in the cryptocurrency as more people join the Valhalla community.
Immutable X is a platform that is addressing Ethereum's scalability issue, particularly for gaming NFTs. By utilizing zk-rollups technology, Immutable X enables users to mint and trade NFTs without incurring gas fees, making it an ideal choice for blockchain games. Its high level of efficiency has drawn gaming projects such as Gods Unchained and Guild of Guardians to the platform.
Immutable X is a popular choice for developers and gamers due to its fee-free transactions and fast scalability. Its IMX token is used 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 incorporates Web3 technology, allowing players to have true ownership of their in-game assets and a voice in the platform's governance. Gala recently shared that its games on Telegram, which reward users for tapping, have reached over 3 million players, just before the introduction 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 is increasing rapidly, particularly on platforms like Telegram that are easily accessible to a wider audience. Gala has a market capitalization of $730 million and is gaining popularity at a fast pace.
XAI, a blockchain and token, is gaining attention in the Web3 gaming community for its emphasis on intricate and top-notch games, as well as its scalability approach. XAI operates as a Layer-3 blockchain built on Arbitrum, a Layer-2 solution on Ethereum. This combination merges Ethereum's security with Arbitrum's scalability, and includes a tailored layer designed specifically for gaming purposes.
XAI is establishing itself as a significant presence in the Web3 gaming industry with a market capitalization of $139.67 million. The platform is aiming to provide top-notch performance and security in the gaming realm, recognizing the importance of these factors in delivering high-quality gaming experiences.
Notcoin (NTC) is a digital currency that operates on The Open Network (TON) platform and focuses on the GameFi industry. It offers a play-to-earn system that has gained significant popularity, especially because of its connection to a popular game on Telegram where users can earn Notcoins by tapping on their screens. This straightforward and innovative approach has attracted millions of users and has been proposed as a potential source of monetization for Telegram.
Although Notcoin experienced a decrease in value 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 continued importance in 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 specific purposes such as enabling in-game economies, facilitating active governance, and promoting decentralized ownership of assets.
The future of blockchain gaming is being shaped by Web3 Gaming tokens, 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.
Writer Jason Newey is an experienced journalist who focuses on NFTs, the Metaverse, and Web3 technologies. He has a strong digital media and blockchain technology background, allowing him to explain intricate ideas in compelling and educational articles.
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The content on this blog is meant for informational purposes only 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 necessarily represent the official stance of NFT News Today.
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