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

  • October 9, 2024
  • 5 min read

Top Web3 Gaming Tokens to Keep an Eye on Before the End of 2024

With the ongoing evolution of blockchain and Web3 technology in 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 virtual assets.

Towards the end of 2024, the Web3 gaming industry is experiencing a surge in growth, 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 lucrative prospects.

1. Floki Inu (FLOKI) is a cryptocurrency that began as a joke but is now aiming to establish itself as a player in the Web3 gaming industry. It has been incorporated into Valhalla, a virtual world where individuals 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, a governance feature is being developed that will give FLOKI holders the ability to have a say in the game's future direction.

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

Immutable X (IMX) is a platform developed on zk-rollups that aims to address the scalability issue faced by Ethereum, particularly in the realm of gaming NFTs. It offers gas-free minting and trading of NFTs, making it an ideal choice for blockchain-based games. Its efficiency has drawn the interest of gaming projects such as Gods Unchained and Guild of Guardians.

Developers and gamers prefer Immutable X because it offers free transactions and quick scalability. The platform uses its IMX token for governance and staking. With a market cap of $2.3 billion, Immutable X is seen as a promising option for potential growth in 2024 as it continues to attract more games to its ecosystem.

Gala Games is a platform for online gaming that operates on the Web3 technology. It allows players to have true ownership of their in-game assets and a role in decision-making for the platform. Gala 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's games require the use of the GALA token for all in-game activities, making it essential for players. The popularity of Web3 gaming is increasing rapidly, particularly on platforms like Telegram that are more accessible to a wider audience. Gala has a market capitalization of $730 million and is gaining popularity quickly.

The XAI blockchain and its token are being closely monitored by many interested in Web3 gaming because of their emphasis on creating sophisticated, top-tier games and their strategy for scalability. XAI operates as a Layer-3 blockchain that is built on top of Arbitrum, a Layer-2 solution for Ethereum. This setup merges Ethereum's security features with Arbitrum's ability to scale, with an additional layer tailored specifically 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 aims to provide both performance and security in the gaming realm, which are essential 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 offers a play-to-earn system that has gained significant popularity, particularly because of its connection to a popular game on Telegram. Players have the opportunity to earn Notcoins by simply tapping on their screens. This straightforward and unique method has attracted millions of users and has even been proposed as a potential revenue stream for Telegram.

Although Notcoin experienced a decrease in value 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 summary, the gaming sector of Web3 is continuously evolving with projects 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 future of blockchain gaming lies in Web3 Gaming tokens, but it's important to remember that market conditions can change rapidly. It's advised that individuals conduct their own research before making any investments in this space.

Jason Newey is an experienced journalist who focuses on NFTs, the Metaverse, and Web3 technologies. He has a strong background in digital media and blockchain technology, allowing him to effectively communicate complicated ideas through interesting and informative articles.

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The content on this blog is meant for informational purposes only and should not be considered as financial, legal, or investment advice. The opinions and perspectives expressed in the articles belong to the writers and may not necessarily represent the official stance of NFT News Today.

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