Top Web3 Gaming Tokens to Keep an Eye on Before 2024 Ends
With the evolution of blockchain and Web3 technology, tokens are becoming more popular in gaming because of their effectiveness and usefulness in decentralized systems. These tokens play a crucial role in in-game economies by providing rewards, governance, and allowing players to have true ownership over their digital assets.
By 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 leading the way in advancing blockchain gaming technology and are drawing interest from investors seeking lucrative prospects.
Floki Inu (FLOKI) originally began as a joke cryptocurrency but is now aiming to establish itself as a competitor in the Web3 gaming industry. It has been incorporated into Valhalla, a virtual world where individuals 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 representing Valhalla assets. Additionally, there is a governance feature being developed that will give FLOKI holders the ability to have a say in the game's direction and future development.
By 2024, Floki Inu has performed strongly, showing significant growth over the past 30 days and year. With a circulating market capitalization of $1.33 billion, FLOKI is increasingly attracting more people as they join the Valhalla community.
2. Immutable X (IMX) is a platform that aims to address Ethereum's scalability issue, particularly for gaming NFTs. Through the use of zk-rollups, IMX enables gas-free minting and trading of NFTs, making it an ideal choice for blockchain games. Its efficiency has caught the attention of gaming projects such as Gods Unchained and Guild of Guardians.
Immutable X is a popular option for developers and gamers due to its free transactions and quick scalability. It utilizes the 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 a platform for online gaming that operates on Web3 technology. It allows players to have actual ownership of in-game items and a voice in the governing of the platform. Gala 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 their games, making it essential for players who wish to engage with Gala's gaming experiences. The popularity of Web3 gaming appears to be increasing rapidly, particularly on platforms like Telegram that cater to a wider audience. Gala has a market capitalization of $730 million and is steadily gaining in popularity.
The XAI blockchain and token are highly regarded in the Web3 gaming community for their emphasis on intricate, top-notch games and their strategy for scalability. XAI operates as a Layer-3 blockchain built on Arbitrum, a Layer-2 solution on Ethereum. This combination merges Ethereum's security with Arbitrum's scalability and includes a specialized gaming layer.
XAI is emerging as a significant contributor in the Web3 gaming industry with a market capitalization of $139.67 million. The platform is establishing itself in the gaming market by providing both high performance and security, 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 is focused on the GameFi industry. It offers a play-to-earn system 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 currency has attracted millions of users with its innovative and straightforward approach, and there have been suggestions that it could be used as a way for Telegram to generate revenue.
Although Notcoin's value may have decreased in the past few months, it has started to show signs of improvement recently, increasing in value in the last month. Additionally, Notcoin has successfully integrated with Telegram and TON infrastructure, solidifying its position as an important player in the GameFi token ecosystem.
In the world of Web3 gaming, there are several emerging projects like Floki Inu, Immutable X, Gala, XAI, and Notcoin that are continuously evolving. These tokens serve different purposes such as enabling in-game economies, facilitating active governance, and promoting decentralized ownership of assets.
The tokens used in Web3 Gaming are seen as the future of blockchain gaming. However, it is important to understand that the market for these tokens can be very unpredictable. It is recommended for readers to conduct their own research before deciding to invest.
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 communicate complex ideas in his articles.
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