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

  • October 8, 2024
  • 5 min read

Top Web3 Gaming Tokens to Keep an Eye on in 2024: Key Things to Consider Before the End of the Year

With the evolution of blockchain and Web3 technology shaping 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 by providing rewards, governance, and empowering players to have full ownership over their virtual assets.

Towards the end of 2024, there is a noticeable increase in activity within the Web3 gaming industry, with particular tokens standing out as successful. These tokens are not only fueling advancements in gaming built on blockchain technology, but also attracting interest from investors seeking lucrative prospects.

1. Floki Inu, originally a meme token, is now positioning itself as a strong player in the Web3 gaming industry. The token has been incorporated into Valhalla, a virtual world where users 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 that represent valuable assets within Valhalla. Additionally, a governance feature is currently being developed, giving FLOKI holders the ability to have a say in the game's future direction.

By 2024, Floki Inu has experienced significant growth, with impressive gains over the past 30 days and 1 year. The circulating market capitalization of FLOKI is currently at $1.33 billion, showing that more people are becoming interested in Valhalla and joining the trend.

Immutable X (IMX) is a solution to Ethereum's scalability issue, specifically for NFTs in the gaming industry. This platform, utilizing zk-rollups technology, enables NFT minting and trading without gas fees, making it ideal for blockchain games. Immutable X's efficiency has drawn in gaming projects such as Gods Unchained and Guild of Guardians.

Immutable X is popular among developers and gamers for its fee-less transactions and ability to scale quickly. Its IMX token is used for governance and staking. With a market cap of $2.3 billion, Immutable X may see growth in 2024 as more games become part of its ecosystem.

Gala Games is a platform for online gaming that allows players to have actual ownership of their in-game items and a voice in how the platform is managed. They recently shared that their tap-for-rewards games on Telegram have reached over 3 million users, just before the introduction of their new token, $TREZ.

Gala utilizes the GALA token for all activities within their games, making it essential for players looking to engage with Gala's gaming ecosystem. The popularity of Web3 gaming is rapidly increasing, particularly on platforms like Telegram that 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 its token are being closely monitored by many in the Web3 gaming community because of their emphasis on creating sophisticated, top-notch games and their unique approach to scalability. 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, while also incorporating a specialized layer designed specifically for gaming purposes.

XAI is establishing itself as a key player in the Web3 gaming industry with a market capitalization of $139.67 million. The platform is focusing on providing both efficiency and safety in the gaming realm, which are essential elements for top-notch gaming experiences.

Notcoin (NTC) is a type of digital currency that operates within The Open Network (TON) ecosystem and focuses on the GameFi industry. It has a play-to-earn system that has gained a lot of popularity, especially 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 straightforward yet unique approach, and some have even proposed it as a potential way for Telegram to make money from its platform.

Although Notcoin experienced a decrease in value in recent months, it has started to recover and has been increasing in value over the past month. Additionally, Notcoin works well with Telegram and TON infrastructure, ensuring its importance in the GameFi token ecosystem.

In summary, the gaming sector of Web3 is always evolving, with tokens like Floki Inu, Immutable X, Gala, XAI, and Notcoin leading the way. Each of these tokens serves a unique purpose, such as enabling in-game economies, facilitating active governance, or promoting decentralized ownership of assets.

The tokens for Web3 Gaming are seen as the future of blockchain gaming, but it's important to understand that market conditions can change rapidly. It's recommended that individuals conduct their own research before deciding to invest in these tokens.

Jason Newey is an experienced journalist who focuses on NFTs, the Metaverse, and Web3 technologies. He has expertise in digital media and blockchain technology, allowing him to effectively explain complicated ideas in his engaging and informative articles.

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