Top Web3 Gaming Tokens to Keep an Eye on in 2024: Key Things to Know Before the End of the Year
With the ongoing evolution 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 empowering players to have true ownership over their digital assets.
The Web3 gaming industry is experiencing a boost in growth as 2024 wraps up, with specific tokens standing out as successful players. These tokens are not only leading the way in blockchain gaming innovation but are also attracting interest from investors seeking potential opportunities.
1. Floki Inu, originally a meme token, is now making progress in the Web3 gaming industry. It has been incorporated into Valhalla, a virtual world where users can utilize FLOKI tokens for earning and spending.
The process is as follows: Valhalla players can engage in battles and complete different tasks within the game to earn FLOKI. This digital currency can be used to purchase items like weapons and armor, as well as NFTs that represent assets within Valhalla. Additionally, there is a governance system in the works that will give FLOKI holders a say in shaping the game's future direction.
By 2024, the cryptocurrency Floki Inu has performed strongly, showing significant growth over the past 30 days and year. With a market capitalization of $1.33 billion, FLOKI is attracting more investors as it gains popularity.
Immutable X is addressing Ethereum's scalability issue by providing a solution specifically tailored for gaming NFTs. The platform, which is constructed on zk-rollups, enables the minting and trading of NFTs without any gas fees, making it an ideal choice for blockchain games. Due to its superior efficiency, Immutable X has garnered the interest of gaming ventures such as Gods Unchained and Guild of Guardians.
The popularity of Immutable X among developers and gamers is due to its zero-fee transactions and ability to scale quickly. The platform uses the IMX token for governance and staking. With a market cap of $2.3 billion, Immutable X is positioned for potential growth in 2024 as more games become part of its ecosystem.
3. Gala (GALA)
Gala Games is an online gaming platform that utilizes Web3 technology to allow players to have true ownership of in-game items and a voice in the platform's governance. Gala recently shared that their tap-for-rewards games on Telegram have reached over 3 million users, 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 who wish to engage with Gala's gaming offerings. The popularity of Web3 gaming is rapidly increasing, particularly on platforms like Telegram that appeal to a wider audience. Gala has a market capitalization of $730 million and is gaining popularity quickly.
Number 4: XAI (XAI)
Many people interested in Web3 gaming are keeping an eye on the XAI blockchain and token because they focus on creating sophisticated, top-notch games and have a unique approach to scalability. XAI is a Layer-3 blockchain that is built on top of Arbitrum, a Layer-2 solution on the Ethereum blockchain. This combination allows XAI to leverage Ethereum's security features and Arbitrum's scalability, with an added layer specifically designed for gaming purposes.
XAI is gaining traction in the Web3 gaming industry with a market capitalization of $139.67 million. The platform is establishing itself in the gaming market by providing both high performance and security, which are essential for top-tier gaming experiences.
Notcoin (NTC) is a digital currency that operates within The Open Network (TON) ecosystem and focuses on the GameFi industry. Its play-to-earn model has gained significant popularity, particularly through its integration with a popular game on Telegram. Users can earn Notcoins by simply tapping on their screens while playing the game. This unique feature has attracted millions of users and has even been proposed as a potential revenue source for Telegram.
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 is seamlessly integrated with Telegram and TON infrastructure, making it likely to continue being an important player in the GameFi token ecosystem.
In conclusion, the gaming sector of Web3 is always evolving with the advancement of tokens like Floki Inu, Immutable X, Gala, XAI, and Notcoin. Each token serves a unique purpose such as facilitating in-game economies, enabling active governance, or supporting decentralized ownership of assets.
The tokens in Web3 Gaming are said to be the future of blockchain gaming, but it is important to remember that market trends can change rapidly. It is advised for readers to conduct their own research before making any investments.
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 communicate complex ideas in his engaging and informative articles.
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