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

  • October 11, 2024
  • 5 min read

Top Web3 Gaming Tokens to Keep an Eye on Before 2024 Comes to a Close

With the ongoing evolution of blockchain and Web3 technology, gaming 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 giving players the opportunity to have true ownership over their digital assets.

Towards the end of 2024, the Web3 gaming industry is experiencing notable growth, with specific tokens standing out as successful assets. These tokens are not only fueling advancements in blockchain gaming but are also attracting investors seeking lucrative prospects.

1. Floki Inu (FLOKI) is a cryptocurrency that began as a joke but is now gaining traction in the Web3 gaming industry. It has been incorporated into Valhalla, a virtual world where users can use and acquire FLOKI tokens.

Valhalla users can participate in battles and complete in-game tasks to earn FLOKI tokens. These tokens can be used to purchase items like weapons, armor, and NFTs within the game. Additionally, a governance feature is being developed that will give FLOKI holders a say in the game's direction moving forward.

By 2024, Floki Inu has achieved 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, showing that more people are becoming interested in the cryptocurrency as it gains popularity.

Immutable X is a platform that is addressing Ethereum's scalability issue, specifically for gaming NFTs. It operates on zk-rollups technology, enabling NFT minting and trading without gas fees, which is 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 handle increased activity. The platform uses the IMX token for governance and staking. With a market capitalization of $2.3 billion, Immutable X is expected to continue growing in 2024 as more games become part of its ecosystem.

3. Gala (GALA)

Gala Games is a platform for online gaming that utilizes Web3 technology, allowing players to have actual ownership of in-game items and a role in determining how the platform operates. Gala recently shared that their games on Telegram, where users can earn rewards by participating, have reached over 3 million users. This milestone comes as Gala prepares to introduce its 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 content. The trend of Web3 gaming is quickly gaining traction, particularly on platforms like Telegram that are easily accessible to a wide audience. Gala has a market capitalization of $730 million and is rapidly gaining popularity.

XAI is a blockchain and token that is gaining attention in the Web3 gaming community for their emphasis on developing intricate and top-notch games and their strategy for scalability. XAI operates as a Layer-3 blockchain built on Arbitrum, a Layer-2 solution on Ethereum. By merging Ethereum's security with Arbitrum's scalability and incorporating a specialized gaming layer, XAI aims to enhance the gaming experience.

XAI is gaining prominence in the Web3 gaming industry with a market capitalization of $139.67 million. The platform aims to establish itself in the gaming market by providing both performance and security, which are essential for high-quality gaming experiences.

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

Even though Notcoin's value decreased in the past few months, it has started to show signs of improvement recently and has been increasing in value over the last month. In addition, Notcoin works well with Telegram and TON infrastructure, ensuring its continued importance in the GameFi token ecosystem.

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

The future of blockchain gaming lies in Web3 Gaming tokens, but it's important to remember that market conditions can change rapidly. It is recommended for readers to conduct their own research before making any investments in this space.

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 complicated ideas in his articles in an engaging and informative way.

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– A comprehensive guide on how to make money from Web3 games

– A list of popular Web3 gaming tokens to keep an eye on before the end of 2024

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Learn how to earn rewards from Rocky Rabbit after participating in the airdrop event, as well as discover 8 ways to generate passive income through cryptocurrency in 2024. Please note that the information presented on this blog is intended 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 do not necessarily represent the official views of NFT News Today.

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