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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 in the gaming industry, tokens are becoming increasingly popular for their effectiveness and usefulness within decentralized systems. These tokens play a crucial role in in-game economies, providing rewards, governance, and empowering players to have full ownership of their digital assets.

Towards the end of 2024, the Web3 gaming industry is experiencing a surge in growth, with specific tokens standing out as successful assets. These tokens are not only leading the way in new developments in blockchain gaming but are also attracting interest from investors seeking lucrative prospects.

1. Floki Inu (FLOKI) is a cryptocurrency that began as a joke but is now aiming to establish itself in the Web3 gaming industry. It has been incorporated into Valhalla, a virtual world where individuals can use and earn FLOKI tokens.

In Valhalla, players 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 hold value in the Valhalla world. Additionally, a governance system is being developed which will give FLOKI holders a say in the game's direction and future updates.

Floki Inu has shown strong performance in 2024, experiencing significant growth over the past 30 days and year. The circulating market cap of FLOKI is now at $1.33 billion, indicating increasing interest from investors as more people join the Valhalla community.

Immutable X (IMX) is addressing Ethereum's issue with scalability, specifically for gaming non-fungible tokens (NFTs). This platform, utilizing zk-rollups, enables NFT minting and trading without gas fees, making it ideal for blockchain games. Due to its effectiveness, Immutable X has drawn in gaming projects such as Gods Unchained and Guild of Guardians.

Immutable X is highly preferred by developers and gamers due to its zero-fee transactions and fast 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 uses Web3 technology to allow players to truly own in-game assets and have a voice in how the platform is managed. Gala recently shared that their tap-for-rewards games on Telegram have reached over 3 million users, just before the launch of their new token, $TREZ.

Gala relies on the GALA token for all activities within its games, making it essential for individuals looking to engage with Gala's gaming platform. The interest in Web3 gaming appears to be increasing quickly, particularly on platforms like Telegram that are more user-friendly for the general public. Gala has a market capitalization of $730 million and is gaining popularity at a rapid pace.

The XAI blockchain and token are gaining attention in the Web3 gaming community for their emphasis on creating intricate, top-notch games and their innovative approach to scalability. XAI operates as a Layer-3 blockchain built on top of Arbitrum, a Layer-2 solution on Ethereum. By merging Ethereum's security features with Arbitrum's scalability, XAI has also introduced a specialized layer tailored specifically for gaming purposes.

XAI is emerging as a significant presence in the Web3 gaming industry with a market capitalization of $139.67 million. The platform is positioning itself within the gaming market to provide both high performance and security, which are essential components 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 utilizes a play-to-earn model that has gained significant popularity, particularly because of its integration with 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 way for Telegram to generate revenue from its platform.

Although Notcoin's value declined in the past few months, it has recently started to show signs of growth and has increased in value over the last month. Notcoin's compatibility with Telegram and TON infrastructure makes it a significant player in the GameFi token ecosystem.

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

Although Web3 Gaming tokens are seen as the future of blockchain gaming, it is important to understand 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 knowledge of 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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The content on this blog is meant 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.

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