Top Web3 Gaming Tokens to Keep an Eye on Before 2024 Ends
With the ongoing evolution of blockchain and Web3 technology, gaming 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 true ownership of their digital assets.
As the year 2024 comes to an end, the Web3 gaming industry is experiencing notable growth, with specific tokens standing out as successful assets. These tokens are not only pushing advancements in gaming built on blockchain technology but are also attracting interest from investors seeking potential opportunities.
Floki Inu, originally a token created as a joke, is now moving towards establishing itself as a strong player in the Web3 gaming industry. It has been included in Valhalla, a virtual world where users can use FLOKI tokens for various activities.
The process is as follows: Valhalla players can join 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 act as assets within Valhalla. Additionally, a governance system is being developed that will enable FLOKI holders to have a say in the game's direction moving forward.
By 2024, Floki Inu has experienced significant growth, with noticeable increases in value over the past 30 days and year. The circulating market cap of FLOKI is now 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. It utilizes zk-rollups to enable minting and trading of NFTs without gas fees, making it ideal for blockchain games. Due to its efficiency, Immutable X has become popular among gaming projects such as Gods Unchained and Guild of Guardians.
Developers and gamers prefer Immutable X for its free transactions and ability to quickly grow. The platform uses its IMX token for governance and staking. With a market cap of $2.3 billion, Immutable X is seen as a promising investment for potential growth in 2024 as more games become part of its ecosystem.
Gala Games is an online gaming platform that operates on Web3 technology, allowing players to have actual ownership of in-game items and a voice in the platform's governance. Gala Games recently shared that their tap-for-rewards games on Telegram have attracted 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 want to engage with Gala's gaming offerings. The popularity of Web3 gaming is increasing rapidly, particularly on platforms like Telegram that appeal to a wider audience. Gala has a market capitalization of $730 million and is gaining popularity quickly.
XAI blockchain and token are being closely monitored by many interested in Web3 gaming because of their emphasis on sophisticated, high-quality games and their strategy for scalability. XAI operates as a Layer-3 blockchain built on Arbitrum, a Layer-2 solution on Ethereum, which merges Ethereum's security with Arbitrum's scalability and includes a specialized layer tailored for gaming purposes.
XAI is establishing a presence in the Web3 gaming industry with a market capitalization of $139.67 million. The platform is striving to provide both high performance and security in the gaming realm, 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. It uses a play-to-earn system that has gained widespread popularity, particularly because of its connection to a popular game on Telegram where users can earn Notcoins by simply tapping their screens. This straightforward and innovative approach has attracted millions of users to the currency and has been proposed as a potential revenue stream for Telegram.
Although Notcoin's value has decreased in the past few months, there are recent indications of it starting to recover and increase in value in the last month. Additionally, Notcoin is well integrated with Telegram and TON infrastructure, ensuring its importance as a significant player in the GameFi token ecosystem.
In summary, the gaming sector of Web3 is continuously evolving, with Floki Inu, Immutable X, Gala, XAI, and Notcoin leading the way. Each of these tokens offers unique features such as facilitating in-game economies, enabling active governance, or supporting decentralized ownership of assets.
Although Web3 Gaming tokens are seen as the future of blockchain gaming, it is important to understand that market dynamics in this space can be unpredictable. It is recommended that readers 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 background in digital media and blockchain technology, allowing him to effectively explain complex ideas in his interesting and informative articles.
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