Top Web3 Gaming Tokens to Keep an Eye on by the End of 2024
As blockchain and Web3 technology keep changing gaming, tokens are becoming more popular because of how well they work in decentralized ecosystems. These tokens are important for in-game economies, providing rewards, control, and letting players actually own their digital items.
With the end of 2024 approaching, there is a notable increase in momentum in the Web3 gaming industry, with specific tokens emerging as top performers. These tokens are not only spurring innovation in gaming utilizing blockchain technology, but they are also attracting investors seeking lucrative prospects.
Floki Inu, initially created as a token for fun, is now venturing into the world of Web3 gaming. It has been incorporated into Valhalla, a virtual reality platform where users can use and earn FLOKI tokens.
In Valhalla, users can participate in battles and complete tasks within the game to earn FLOKI tokens. These tokens can be used to purchase in-game weapons, armor, and NFTs that are valuable assets in Valhalla. Additionally, there is a governance feature being developed that will give FLOKI holders the ability to have a say in the game's future direction.
By 2024, Floki Inu has shown strong performance, with significant growth over the past 30 days and 1 year. With a market capitalization of $1.33 billion in circulation, FLOKI is gaining popularity as more people join the Valhalla community.
Immutable X is a platform that aims to address Ethereum's scalability issue, particularly for gaming NFTs. By utilizing zk-rollups technology, the platform enables gas-free minting and trading of NFTs, making it a favorable choice for blockchain-based games. Its efficiency has drawn in gaming projects such as Gods Unchained and Guild of Guardians.
Developers and gamers prefer Immutable X due to its fast transactions with no fees and ability to quickly scale. The IMX token is used for governance and staking within the platform. 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 games that operates on Web3 technology. It allows players to have genuine ownership of in-game items and a voice in the governance of the platform. Gala recently shared that its games on Telegram, where users can earn rewards by tapping, have reached over 3 million players. This milestone comes just before the release of its 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 ecosystem. The popularity of Web3 gaming is increasing rapidly, particularly on platforms like Telegram that are more user-friendly for a wider audience. Gala has a market capitalization of $730 million and is gaining popularity at a fast pace.
The XAI blockchain and token are being closely monitored by those interested in Web3 gaming because of their emphasis on sophisticated, top-notch games and their strategy for scalability. XAI operates as a Layer-3 blockchain built on top of Arbitrum, a Layer-2 solution on Ethereum. This setup merges Ethereum's security features with Arbitrum's scalability capabilities, while also incorporating a unique layer tailored 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 focusing on providing both strong performance and security in the gaming realm, recognizing the importance of these factors in delivering top-tier 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 a lot of popularity, particularly because of its connection to a popular game on Telegram where users can earn Notcoins by tapping on their screens. This unique feature has attracted millions of users and has even been proposed as a potential revenue source for Telegram.
While Notcoin's value may have decreased in recent months, it has started to show signs of improvement and has been increasing in value over the past month. Additionally, Notcoin's compatibility with Telegram and TON infrastructure positions it as a significant player in the GameFi token ecosystem going forward.
In conclusion, the gaming sector of Web3 is continuously evolving, with Floki Inu, Immutable X, Gala, XAI, and Notcoin being at the forefront. Each of these tokens serves a specific purpose, such as facilitating in-game economies, enabling active governance, or promoting decentralized ownership of assets.
The future of blockchain gaming lies in Web3 Gaming tokens, but it's important to understand that market conditions can change quickly. It's crucial for readers to conduct their own research before making any investment decisions.
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 communicate complicated ideas through interesting and informative articles.
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