sedehoo

Top Web3 Gaming Tokens to Keep an Eye on Before 2024 Ends: A Comprehensive Guide

  • October 10, 2024
  • 5 min read

Top Web3 Gaming Tokens to Keep an Eye on in 2024: Important Things to Know Before the End of the Year

As blockchain and Web3 technology shape the gaming industry, tokens are becoming more popular for their effectiveness and usefulness in decentralized systems. These tokens play a key role in in-game economies, providing rewards, governance, and allowing players to have full ownership of their digital assets.

As the year 2024 comes to an end, there is a noticeable increase in activity within the Web3 gaming industry. Some specific tokens are standing out as successful assets, leading the way in revolutionizing blockchain gaming and attracting the interest of investors seeking lucrative prospects.

Floki Inu (FLOKI) is a cryptocurrency that originally began as a meme token but is now making progress in the Web3 gaming industry. It has been incorporated into Valhalla, a virtual world where users can use and earn FLOKI tokens.

The process is as follows: Users of Valhalla can participate in battles and complete different tasks within the game to earn FLOKI tokens. These tokens can then be used to purchase in-game weapons, armor, and NFTs that represent assets within the Valhalla world. Additionally, there is a governance feature being worked on that would give FLOKI holders a say in the game's direction moving forward.

By 2024, Floki Inu has performed strongly, experiencing significant growth over the past 30 days and year. With a circulating market cap of $1.33 billion, FLOKI is gaining popularity as more people join the Valhalla community.

Immutable X is a solution to Ethereum's scalability issue, focusing on gaming NFTs. By utilizing zk-rollups, the platform enables gas-free creation and exchange of NFTs, making it ideal for blockchain games. Due to its effectiveness, Immutable X has drawn interest from gaming projects such as Gods Unchained and Guild of Guardians.

Developers and gamers prefer Immutable X due to its ability to offer fee-free transactions and quick scalability. The platform utilizes its 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.

Gala Games is a platform for online gaming that operates on Web3 technology, allowing players to have actual ownership of their in-game assets and a voice in the governance of the ecosystem. Gala recently revealed that their games on Telegram, where users can tap for rewards, have attracted over 3 million players, just before the introduction of their new token $TREZ.

The GALA token is essential for participating in activities within Gala's games. The popularity of Web3 gaming is increasing rapidly, particularly on platforms like Telegram that are easily accessible to a wider audience. Gala has a market capitalization of $730 million and is gaining popularity quickly.

XAI is a blockchain and token that is being closely monitored by many in the Web3 gaming community because of its emphasis on creating intricate, top-notch games and its innovative scalability approach. XAI operates as a Layer-3 blockchain built on top of Arbitrum, a Layer-2 solution for Ethereum. This combination merges Ethereum's security features with Arbitrum's scalability capabilities, enhancing the platform with a dedicated gaming 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 high performance and security in the gaming realm, which are essential for top-notch gaming experiences.

Notcoin (NTC) is a type of digital currency that operates within The Open Network (TON) ecosystem and focuses on the GameFi industry. It offers a play-to-earn model that has gained significant popularity, particularly because of its connection to a popular game on Telegram where players can earn Notcoins by simply tapping on their screens. This straightforward and innovative approach has attracted millions of users and has been proposed as a potential method for Telegram to generate revenue from its platform.

Although Notcoin experienced a decrease in value in recent months, it has started to show signs of improvement by increasing in value over the past month. In addition, Notcoin's compatibility with Telegram and TON infrastructure ensures its continued relevance and importance in the GameFi token ecosystem.

In summary, the gaming sector of Web3 is always evolving, with Floki Inu, Immutable X, Gala, XAI, and Notcoin leading the way. These tokens each serve a specific purpose, such as facilitating in-game economies, enabling active governance, or promoting decentralized ownership of assets.

Although Web3 Gaming tokens are seen as the future of blockchain gaming, it is important to understand that the market for these tokens can be unpredictable. It is advised that individuals conduct their own research before making any investment decisions.

Writer

Jason Newey is an experienced journalist who focuses on NFTs, the Metaverse, and Web3 technologies. He has a background in digital media and blockchain technology, allowing him to explain difficult ideas in easy-to-understand and interesting articles.

See all blog entries

Articles You May Find Interesting

A comprehensive guide on how to make money from Web3 games

Top Web3 gaming tokens to keep an eye on before the end of 2024

Share This Article

Additional Stories

How to receive rewards from Rocky Rabbit after the airdrop

Different methods to generate passive income using cryptocurrency in 2024

The content provided on this blog is meant for informational purposes only and should not be considered as financial, legal, or investment advice. The opinions expressed in the articles are those of the authors and may not represent the official stance of NFT News Today.

Sign up to receive our newsletter!

Leave a Reply

Your email address will not be published. Required fields are marked *