Top Web3 Gaming Tokens to Keep an Eye on Before 2024 Concludes
As blockchain and Web3 advancements reshape the gaming industry, tokens are becoming increasingly popular for their effectiveness and usefulness in decentralized environments. These tokens play a crucial role in in-game economies, providing incentives, decision-making power, and empowering players to have true ownership over their virtual possessions.
Towards 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 the way in blockchain gaming innovation but are also attracting interest from investors seeking potential opportunities.
Floki Inu, originally a meme token, is now expanding into the Web3 gaming industry. It has been incorporated into Valhalla, a virtual world where users can use and accumulate FLOKI tokens.
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 that represent assets in Valhalla. Additionally, there is a governance feature being developed that will give FLOKI holders the ability to have a say in the future of the game.
By 2024, Floki Inu has performed impressively, experiencing significant growth in both the last 30 days and over the past year. The circulating market cap of FLOKI is now at $1.33 billion, showing that more people are becoming interested in Valhalla and investing in this cryptocurrency.
Immutable X is a solution that addresses Ethereum's scalability issue, focusing on gaming non-fungible tokens (NFTs). By utilizing zk-rollups, the platform enables gas-free creation and exchange of NFTs, which is ideal for blockchain games. Its high performance has drawn in gaming ventures such as Gods Unchained and Guild of Guardians.
Immutable X is a popular option for developers and gamers due to its free transactions and ability to quickly handle a large amount of activity. The platform uses the IMX token for activities like governance and staking. With a market cap of $2.3 billion, Immutable X is seen as a promising investment for potential growth in 2024, especially as more games become part of its ecosystem.
Gala Games is a platform for online gaming that utilizes Web3 technology. It allows players to have actual ownership of their in-game assets and a voice in how the platform is managed. Gala recently shared that their games on Telegram, where users can earn rewards by tapping, have reached over 3 million users. This achievement comes just before the release of their new token, $TREZ.
Gala utilizes the GALA token for all activities within its games, making it essential for players who wish to engage with Gala's gaming content. The popularity of Web3 gaming appears to be rapidly increasing, particularly on platforms like Telegram, which are more user-friendly for a wider audience. Gala has a market capitalization of $730 million and is experiencing a surge in popularity.
The XAI blockchain and token are of interest to many in the Web3 gaming community because of their emphasis on intricate, high-quality games and their strategy for handling scalability issues. XAI operates as a Layer-3 blockchain built on top of Arbitrum, a Layer-2 solution on Ethereum. This setup combines the security of Ethereum with the scalability of Arbitrum, with an additional layer tailored specifically for gaming purposes.
XAI is emerging as a key player in the Web3 gaming industry with a market capitalization of $139.67 million. The platform is focusing on providing both performance and security in the gaming realm, which are essential aspects for top-notch gaming experiences.
Notcoin (NTC) is a digital currency that operates within The Open Network (TON) ecosystem and focuses 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 straightforward and unique method has attracted millions of users to the currency and has even been proposed as a potential monetization strategy for Telegram.
Although Notcoin has experienced a decrease in value in recent months, it has started to show signs of improvement, with its value increasing over the past month. Additionally, Notcoin's seamless integration with Telegram and TON infrastructure ensures that it will continue to be an important player 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 serve specific purposes such as enabling in-game economies, facilitating active governance, and supporting decentralized ownership of assets.
The tokens used in Web3 Gaming are seen as the future of blockchain gaming, but it is important to understand that the market for these tokens can be unpredictable. It is recommended that individuals conduct their own research before deciding to invest in them.
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 his engaging and informative articles.
See all of the
Possible Articles to Consider:
A Comprehensive Guide on How to Make Money from Web3 Games
Key Web3 Gaming Tokens to Keep an Eye on Before the End of 2024
Feel free to share this article with others
Other Relevant Topics
Earning Rocky Rabbit Rewards Post-Airdrop
Effective Ways to Generate Passive Income via Cryptocurrency in 2024
The content found on this blog is meant for informational purposes only and should not be taken as financial, legal, or investment advice. The opinions and perspectives shared in the articles belong to the writers and may not align with the official stance of NFT News Today.
Sign up for our newsletter!
