Top Gaming Tokens to Keep an Eye on in 2024: Things to Look out for Before the End of the Year
With the 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 serve as the basis for in-game economies, providing rewards, governance, and allowing players to have full ownership of their digital assets.
At the end of 2024, the Web3 gaming industry is experiencing a notable increase in activity, with specific tokens standing out as successful. These tokens are not only leading advancements in gaming on the blockchain, but are also attracting investors seeking lucrative prospects.
1. Floki Inu (FLOKI) is a token that initially began as a meme but is now moving towards establishing itself as a player in the Web3 gaming industry. It has been incorporated into Valhalla, a virtual world where individuals can use FLOKI tokens for various activities.
The process goes like this: 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 in Valhalla. Additionally, there is a governance aspect in progress that would give FLOKI holders a say in shaping the game's direction.
By 2024, Floki Inu has seen impressive growth in both the past 30 days and year. With a circulating market capitalization of $1.33 billion, FLOKI is gaining popularity as more people join the Valhalla community.
Immutable X is a platform that addresses Ethereum's scalability issue, particularly for gaming NFTs. By utilizing zk-rollups technology, it enables gas-free minting and trading of NFTs, making it an ideal choice 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 for its free transactions and quick ability to handle increased demand. The platform uses the 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.
3. Gala Games is a platform for online gaming that operates on Web3 technology. It allows players to truly own their in-game assets and have a role in decision-making within the gaming community. Gala recently shared that their reward-based games on Telegram have reached over 3 million users, just before introducing their new token, $TREZ.
Gala relies on the GALA token for all activities within its games, making it essential for players who wish to engage with Gala's gaming ecosystem. The interest in Web3 gaming is rapidly increasing, particularly on platforms like Telegram that appeal to a wider audience. Gala has a market capitalization of $730 million and is gaining popularity at a fast pace.
XAI is a blockchain and token that is gaining attention in the Web3 gaming community for its emphasis on intricate, high-quality games and its scalability strategy. XAI operates as a Layer-3 blockchain built on Arbitrum, a Layer-2 solution on Ethereum. By merging Ethereum's security features with Arbitrum's scalability capabilities and introducing a gaming-focused layer, XAI aims to cater to the demands of the gaming industry.
XAI is emerging as a key player in the Web3 gaming industry and currently has a market value of $139.67 million. The platform is establishing its presence in the gaming industry by prioritizing both performance and security, which are essential elements for top-notch gaming experiences.
Notcoin (NTC) is a digital currency that operates within The Open Network (TON) ecosystem and is focused on the GameFi industry. It features a play-to-earn system that has gained widespread popularity, particularly because of its connection to a popular game on Telegram where players can earn Notcoins by tapping on their screens. This straightforward and innovative method has attracted millions of users to the currency and has even been proposed as a potential revenue source for Telegram.
While Notcoin experienced a decrease in value in recent months, it has started to rebound and increase in value over the past month. Additionally, Notcoin's integration with Telegram and TON infrastructure is expected to solidify its position as an important player in the GameFi token ecosystem.
In conclusion, the gaming sector of Web3 is always evolving, with projects like Floki Inu, Immutable X, Gala, XAI, and Notcoin leading the way. Each of these tokens serves a specific purpose, such as enabling in-game economies, facilitating active governance, or promoting decentralized ownership of assets.
The tokens used in Web3 Gaming are seen as the future of blockchain gaming, but it's important to understand that market conditions can change rapidly. It is recommended that individuals conduct thorough research before making any investments in this space.
Writer
Jason Newey is an experienced journalist who focuses on NFTs, the Metaverse, and Web3 technologies. He has a strong knowledge of digital media and blockchain technology, allowing him to effectively explain complicated ideas in interesting and informative articles.
See all the published
Articles You Might Enjoy
A comprehensive guide on how to make money from Web3 games
Discover the hottest Web3 gaming tokens to keep an eye on before the year ends
Share This Article
More Stories
Learn how to earn rewards from Rocky Rabbit after participating in the airdrop
Explore 8 different methods to generate passive income through cryptocurrency in 2024
The content on this blog is meant for informational purposes only and should not be considered as financial, legal, or investment advice. The opinions and views expressed in the articles belong to the authors and may not represent the official stance of NFT News Today.
Sign up for our newsletter!
