Top Web3 Gaming Tokens to Keep an Eye on Before 2024 Ends
With the ongoing evolution of blockchain and Web3 technology, tokens are becoming increasingly popular in decentralized gaming ecosystems. These tokens play a crucial role in in-game economies by providing rewards, governance, and allowing players to have true ownership of their digital assets.
Towards the end of 2024, the Web3 gaming industry is experiencing a notable increase in activity, with specific tokens standing out as successful assets. These tokens are not only leading advancements in blockchain gaming but are also attracting investors seeking lucrative prospects.
1. Floki Inu (FLOKI) is a cryptocurrency that originally began as a meme token but is now expanding into the Web3 gaming industry. It has been included in Valhalla, a virtual environment where users can use and earn FLOKI tokens.
The process is as follows: Valhalla players can engage in battles and complete different tasks within the game to earn FLOKI tokens. These tokens can be used to purchase in-game weapons and armor, as well as NFTs that represent assets in Valhalla. Additionally, a governance feature is being developed that will give FLOKI holders the ability to have a say in the direction of the game's development.
In the year 2024, Floki Inu has performed strongly, with significant growth seen over the past 30 days and year. The circulating market cap of FLOKI is currently at $1.33 billion, showing that more people are becoming interested in joining Valhalla.
Immutable X (IMX) is a solution for Ethereum's scalability issue, particularly in the realm of gaming NFTs. This platform, utilizing zk-rollups, enables the minting and trading of NFTs 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 a popular choice for developers and gamers due to its zero-fee transactions and fast scalability. It utilizes the IMX token for governance and staking. With a market cap of $2.3 billion, Immutable X is expected to see growth in 2024 as more games become part of its ecosystem.
Gala Games is a platform for online gaming that operates on the Web3 technology. It allows players to have actual ownership of assets within the game and a voice in the governance of the platform. Gala recently shared that their games on Telegram, which reward users for participating, have reached over 3 million users. This milestone comes before the introduction of their new token, $TREZ.
Gala's games require the use of the GALA token for all in-game activities, making it essential for players. There is a rising interest in Web3 gaming, particularly on platforms like Telegram that are easily accessible to a wider audience. Gala has a market capitalization of $730 million and is gaining popularity rapidly.
XAI blockchain and token are being closely monitored by many in the Web3 gaming community because of 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, with an added layer tailored for gaming purposes.
XAI is establishing itself as a significant presence in the Web3 gaming industry with a market capitalization of $139.67 million. The platform aims to provide both high performance and security in the gaming sector, which are essential for top-tier gaming experiences.
5. Notcoin (NTC) is a type of cryptocurrency 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, especially through 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 way for Telegram to generate revenue from its platform.
Although Notcoin's value has decreased in recent months, it has started to show signs of improvement by increasing in value over the past month. Additionally, Notcoin's compatibility 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 different purposes such as facilitating in-game economies, enabling 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 market conditions can change rapidly. It is recommended that individuals conduct their own research before making any investments.
Writer
Jason Newey is an experienced journalist who focuses on NFTs, the Metaverse, and Web3 technologies. He has a strong foundation in digital media and blockchain technology, allowing him to effectively explain intricate ideas in his articles that are both interesting and informative.
Browse through all the
Recommended Articles
A Comprehensive Guide on Making Money from Web3 Games
Popular Web3 Gaming Tokens to Keep an Eye on in 2024
Share This Article
Additional Articles
Earning Rewards from Rocky Rabbit Post Airdrop
8 Effective Methods to Generate Passive Income with Cryptocurrency in 2024
The content on this blog is intended for informational purposes only and should not be considered as financial, legal, or investment advice. The viewpoints and opinions expressed in the articles are solely those of the authors and may not represent the official stance of NFT News Today.
Sign up for our newsletter to receive updates and
