Exciting Web3 Gaming Tokens to Keep an Eye on in 2024: Things to Look Out for Before the Year is Over
With advances in blockchain and Web3 technology shaping 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 by providing rewards, governance, and empowering players to have true ownership over their digital assets.
At the end of 2024, there is a growing interest in the Web3 gaming industry, with particular tokens showing strong performance. These tokens are leading the way in advancing blockchain gaming technology and are attracting investors seeking potential opportunities.
1. Floki Inu (FLOKI) is a cryptocurrency that began as a meme token but is now expanding its presence in the Web3 gaming industry. It has been incorporated into Valhalla, a virtual universe where individuals can use FLOKI tokens for various activities.
This is the process: Valhalla players can join battles and complete different tasks within the game to earn FLOKI. They can use this token to purchase items like weapons, armor, and NFTs that are valuable assets in Valhalla. Additionally, there is a governance system in progress that would give FLOKI holders a say in shaping the game's direction.
By 2024, Floki Inu has experienced significant growth, with notable increases in value over the past 30 days and year. With a market cap of $1.33 billion, FLOKI is gaining popularity as more people join the Valhalla community.
Immutable X (IMX) is addressing Ethereum's scalability issue, particularly for gaming NFTs. Using zk-rollups technology, the platform enables NFT minting and trading without gas fees, making it an ideal choice for blockchain games. Due to its effectiveness, Immutable X has drawn interest from gaming projects such as Gods Unchained and Guild of Guardians.
Immutable X is a popular option for developers and gamers due to its zero-fee transactions and fast scalability. Its IMX token is used for 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 allows players to have actual ownership of in-game items and a voice in the governance of the ecosystem. Gala recently shared that their games on Telegram, where users can earn rewards by tapping, now have over 3 million players. This milestone comes as Gala prepares to introduce its new token, $TREZ.
Gala games require the use of the GALA token for all in-game activities, making it essential for players who wish to interact with Gala's games. The popularity of Web3 gaming is increasing rapidly, 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 fast pace.
The XAI blockchain and token are closely monitored by those interested in Web3 gaming because of their emphasis on intricate, high-quality games and their innovative approach to scalability. XAI operates as a Layer-3 blockchain built on Arbitrum, a Layer-2 solution for Ethereum. This combination ensures the security of Ethereum while also enhancing scalability through a specialized gaming layer.
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 high performance and security in the gaming realm, recognizing the importance of these aspects in delivering 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 through its integration with a popular game on Telegram where users can earn Notcoins by tapping on their screens. This straightforward and innovative method has attracted millions of users and has even been proposed as a potential revenue stream for Telegram.
Although Notcoin's value decreased in the past few months, it has recently started to recover and has been increasing in value over the last month. Additionally, Notcoin's compatibility with Telegram and TON infrastructure ensures its importance 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. Each of these tokens serves a specific purpose, such as enabling in-game economies, supporting active governance, or facilitating 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, and is skilled at simplifying complex ideas into interesting and educational articles.
See all of the
Possible Articles for Your Interest
A Comprehensive Guide on Making Money from Web3 Games
Upcoming Web3 Gaming Tokens to Keep an Eye on Before the End of 2024
Feel free to share this article with others
Other Interesting Reads
How to Acquire Rewards from Rocky Rabbit Post Airdrop
Strategies to Generate Passive Income Using Cryptocurrency in 2024
The content shared on this platform is solely for informative purposes and should not be considered as financial, legal, or investment advice. The opinions expressed in the articles belong to the writers and may not represent the official stance of NFT News Today.
Sign up to receive our newsletter!
