Top Gaming Tokens to Keep an Eye on in 2024: Things to Look Out for 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 in decentralized systems. These tokens play a crucial role in in-game economies by providing rewards, governance, and empowering players to have full ownership of their virtual assets.
Towards 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 leading the way in developing blockchain-based games but are also attracting interest from investors seeking lucrative prospects.
1. Floki Inu (FLOKI) is a token that began as a meme and is now expanding its presence in the Web3 gaming industry. It has been included in Valhalla, a virtual world where users can use and earn FLOKI tokens.
The process is as follows: Valhalla players 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 have value as assets in Valhalla. Additionally, a governance feature is being developed that will give FLOKI holders the ability to have a say in the game's direction moving forward.
In 2024, the cryptocurrency Floki Inu has experienced significant growth, showing impressive gains over the past 30 days and one year. With a circulating market capitalization of $1.33 billion, FLOKI is becoming more popular as more people join the Valhalla community.
Immutable X is a platform that aims to address Ethereum's scalability issues, focusing on gaming NFTs. Using zk-rollups technology, it enables the creation and trading of NFTs without gas fees, making it ideal for blockchain games. Its efficiency has attracted gaming projects such as Gods Unchained and Guild of Guardians.
Developers and gamers prefer Immutable X for its free transactions and ability to quickly handle a large number of users. The IMX token is used for governance and staking on the platform. Immutable X has a market cap of $2.3 billion, making it a promising option for potential growth in 2024 as more games are added to its ecosystem.
Gala Games is a platform for online gaming that operates on Web3 technology. It allows players to have actual ownership of assets within the game and also a role in the governance of the platform. Gala recently shared that their games on Telegram, where users can earn rewards by interacting with taps, now have over 3 million users. This milestone comes just before the introduction of their new token, $TREZ.
Gala relies on the GALA token for all activities within their games, making it essential for players looking to engage with Gala's gaming experiences. The popularity of Web3 gaming appears to be increasing rapidly, particularly on platforms like Telegram that are more easily accessible to a wider audience. Gala has a market capitalization of $730 million and is gaining popularity at a fast pace.
The XAI blockchain and token are being closely monitored by many in the Web3 gaming community because of their emphasis on intricate, top-notch 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 merges Ethereum's security with Arbitrum's scalability, and includes a specialized layer designed specifically for gaming.
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 both performance and security in the gaming realm, 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 is focused on the GameFi industry. It offers a play-to-earn model that has gained a lot of popularity, especially because of its connection to a popular game on Telegram where players can earn Notcoins by simply tapping on their screens. This currency has attracted millions of users with its easy and innovative method, and there have even been suggestions for Telegram to use it as a way to make money from its platform.
Although Notcoin's value decreased in the past few months, it has recently started to recover and has been increasing in value over the last month. Additionally, Notcoin works well with Telegram and TON infrastructure, making it likely to continue being an important player in the GameFi token ecosystem.
In summary, the gaming sector of Web3 is always evolving, with tokens like Floki Inu, Immutable X, Gala, XAI, and Notcoin driving the progress. These tokens serve specific purposes such as facilitating in-game economies, enabling active governance, and promoting decentralized ownership of assets.
The tokens in Web3 Gaming are shaping the future of blockchain gaming, but it's important to understand that the market can be unpredictable. It's recommended 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 foundation in digital media and blockchain technology, allowing him to effectively communicate intricate ideas in his articles.
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