Top Gaming Tokens to Keep an Eye on in 2024: Things to Look Out for Before the End of the Year
With the evolution of blockchain and Web3 technology in 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 giving players the opportunity to have full ownership over their digital assets.
As we near the end of 2024, there is a noticeable surge in the Web3 gaming industry, with specific tokens standing out as successful. These tokens are not only pushing forward advancements in gaming using blockchain technology, but are also attracting investors seeking lucrative prospects.
1. Floki Inu (FLOKI) is a cryptocurrency that began as a joke but is now gaining popularity in the Web3 gaming industry. It is now part of Valhalla, a virtual world where people can use and earn FLOKI tokens.
In Valhalla, users 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 hold value as assets in Valhalla. Additionally, a governance system is being developed that will give FLOKI holders the ability to have a say in the game's direction moving forward.
By 2024, Floki Inu has experienced significant growth, with impressive gains over the past 30 days and year. The circulating market cap of $1.33 billion shows that FLOKI is becoming more popular as more people join the Valhalla community.
Immutable X is a platform that addresses Ethereum's scalability issue, focusing on gaming NFTs. It uses zk-rollups technology to enable gas-free creation and trading of NFTs, making it an ideal choice for blockchain games. Due to its effectiveness, Immutable X has gained attention from gaming projects such as Gods Unchained and Guild of Guardians.
Developers and gamers prefer Immutable X because of its zero-fee transactions and quick scalability. The platform uses its IMX token to support governance and staking. With a market cap of $2.3 billion, Immutable X is expected to continue growing in 2024 as more games become part of its ecosystem.
Gala Games is a platform for online gaming that operates on the Web3 technology, allowing players to have genuine ownership of virtual assets within the games and a voice in the governance of the platform. Gala recently shared that their games on Telegram, where users can earn rewards by tapping, have reached over 3 million players, just before the release of their new token, $TREZ.
Gala relies on the GALA token for all activities within its games, making it essential for players looking to engage with Gala's gaming offerings. The popularity of Web3 gaming is increasing rapidly, particularly on platforms like Telegram that are more user-friendly for a wider audience. Gala has a market capitalization of $730 million and is experiencing a surge in popularity.
The XAI blockchain and token are drawing attention from those interested in Web3 gaming for their emphasis on advanced, high-quality games and their strategy for scalability. XAI operates as a Layer-3 blockchain built on top of Arbitrum, a Layer-2 solution on Ethereum. This combination ensures the security of Ethereum and the scalability of Arbitrum, with a dedicated layer designed 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 performance and security in the gaming realm, which are essential for top-tier gaming experiences.
Notcoin (NTC) is a type of digital currency that operates within The Open Network (TON) ecosystem and is focused on the GameFi sector. It utilizes a play-to-earn concept that has gained significant popularity, particularly because of its connection to a popular game on Telegram where players can earn Notcoins by tapping on their screens. This straightforward and innovative approach has attracted millions of users to the currency and has even been proposed as a potential revenue source for Telegram.
Although Notcoin experienced a decrease in value recently, 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 it will continue to be an important token in the GameFi ecosystem.
In summary, the gaming sector of Web3 is always evolving, with projects like Floki Inu, Immutable X, Gala, XAI, and Notcoin leading the way. Each token serves a unique purpose, such as facilitating in-game economies, enabling active governance, or promoting decentralized ownership of assets.
The future of blockchain gaming lies in Web3 Gaming tokens, but it's important to remember that market conditions can change quickly. Potential investors should conduct their own research before making any investment decisions.
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, and is skilled at breaking down complicated ideas into interesting and informative articles.
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The content on this blog is for informational purposes only and should not be considered as financial, legal, or investment advice. The opinions expressed in the articles are solely those of the authors and may not represent the official stance of NFT News Today.
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