Popular Web3 gaming tokens in 2024: Things to keep an eye on before the end of the year
With the evolution of blockchain and Web3 technology, tokens are becoming increasingly important in decentralized gaming ecosystems. These tokens play a key role in in-game economies, providing rewards, governance, and giving players ownership of their digital assets.
As the year 2024 is ending, the Web3 gaming industry is experiencing a lot of growth, with some tokens standing out as top performers. These tokens are not only pushing forward innovation in gaming on blockchain technology but are also attracting investors searching for lucrative prospects.
Floki Inu (FLOKI) originally began as a token created for fun, but it is now transitioning to become a player in the Web3 gaming industry. It has now been incorporated into Valhalla, a virtual world where people can use FLOKI tokens for various activities.
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 that represent assets within Valhalla. Additionally, a governance feature is being worked on that will give FLOKI holders a say in shaping the game's direction in the future.
By 2024, Floki Inu has experienced significant growth, with notable increases in value over the past month and year. The circulating market capitalization of FLOKI is currently at $1.33 billion, indicating a growing interest from investors as more people join the Valhalla community.
Immutable X (IMX) is a solution to Ethereum's scalability issue, particularly for gaming NFTs. Utilizing zk-rollups, this platform enables minting and trading of NFTs without gas fees, making it an ideal environment for blockchain games. Its effectiveness has drawn in gaming projects such as Gods Unchained and Guild of Guardians.
Developers and gamers prefer Immutable X because of its free 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 has the potential for growth in 2024 as more games become part of its ecosystem.
Gala Games is a platform for online gaming that uses Web3 technology to allow players to have true ownership of virtual assets within the games and a voice in the decision-making processes of the platform. Gala recently shared that their games on Telegram, where users can tap for rewards, have exceeded 3 million players. This milestone comes before the introduction 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 experiences. The interest in Web3 gaming appears to be increasing rapidly, particularly on platforms such as Telegram, which are more user-friendly for a wider audience. Gala currently has a market capitalization of $730 million and is gaining popularity at a fast pace.
XAI is a blockchain and token that is drawing attention from those interested in Web3 gaming. It is known for its emphasis on creating intricate, top-notch games and its scalability approach. XAI operates as a Layer-3 blockchain built on top of Arbitrum, a Layer-2 solution on Ethereum. This setup merges Ethereum's security with Arbitrum's scalability, with an additional gaming-focused layer.
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 sector, which are essential aspects for top-tier gaming experiences.
Notcoin (NTC) is a digital currency that operates on The Open Network (TON) platform and is focused on the GameFi industry. Its play-to-earn model has gained significant popularity, particularly because of its integration with a popular game on Telegram where users can earn Notcoins by tapping on their devices. This straightforward and innovative approach has attracted millions of users to the currency and has even been proposed as a potential revenue stream for Telegram.
Although Notcoin experienced a decrease in value in recent months, there has been a noticeable increase in value over the past month, indicating signs of recovery. Additionally, Notcoin has strong integration with Telegram and TON infrastructure, solidifying its position as a significant player in the GameFi token ecosystem.
In conclusion, the gaming sector of Web3 is continuously evolving, with tokens like Floki Inu, Immutable X, Gala, XAI, and Notcoin leading the way. These tokens each serve a specific purpose, such as enabling in-game economies, facilitating active governance, or promoting decentralized ownership of assets.
The tokens for Web3 Gaming are seen as the future of blockchain gaming, but it's important to remember that market conditions can change quickly. It's best for readers to conduct their own research before making any investments.
Writer
Jason Newey is an experienced writer who focuses on NFTs, the Metaverse, and Web3 technologies. He has a strong knowledge of digital media and blockchain technology, allowing him to explain complicated ideas in interesting and educational articles.
Browse through all the
Recommended Articles
A Comprehensive Guide on Making Money from Web3 Games
Trending Web3 Gaming Tokens to Keep an Eye on in 2024
Share This Post
More Articles
Ways to Earn Rewards from Rocky Rabbit Airdrop
Strategies to Generate Passive Income with Cryptocurrency in 2024
The content on this blog is intended for informational purposes and should not be considered as financial, legal, or investment advice. The opinions expressed in the articles belong to the authors and may not represent the official stance of NFT News Today.
Sign up to receive our newsletter!
