Top Web3 Gaming Tokens to Keep an Eye on Before the End of 2024
With the evolution of blockchain and Web3 technology, gaming tokens are becoming increasingly popular for their functionality and usefulness within decentralized ecosystems. These tokens play a crucial role in shaping in-game economies, providing rewards, governance, and empowering players to have full ownership over their digital assets.
Towards the end of 2024, the Web3 gaming industry is experiencing a surge in growth, with specific tokens standing out as top contenders. These tokens are not only pushing forward advancements in gaming on the blockchain, but are also drawing the interest of investors seeking lucrative prospects.
Floki Inu, initially created as a meme token, is now aiming to establish itself as a strong player in the Web3 gaming industry. The token is now a part of Valhalla, a virtual world where users can use and earn FLOKI tokens.
This is the process: Valhalla players can engage in battles and complete different tasks within the game to earn FLOKI. They can use this digital currency to purchase items like weapons and armor in the game, as well as NFTs that represent assets in Valhalla. Additionally, there is a governance aspect being worked on, where FLOKI holders will have a say in shaping the game's direction in the future.
By 2024, Floki Inu has experienced significant growth, with impressive gains over the past 30 days and year. The circulating market cap of FLOKI is now at $1.33 billion, indicating increasing popularity as more people join the Valhalla community.
Immutable X (IMX) is a solution to Ethereum's scalability issue, specifically for gaming NFTs. This platform, using zk-rollups, enables NFT minting and trading without gas fees, making it ideal for blockchain games. Due to its effectiveness, Immutable X has gained the interest of gaming projects such as Gods Unchained and Guild of Guardians.
Developers and gamers prefer Immutable X for its free transactions and fast scalability. The platform uses its IMX token for governance and staking. With a market cap of $2.3 billion, Immutable X is poised for growth in 2024 as more games become part of its ecosystem.
3. Gala (GALA)
Gala Games is an online gaming platform that operates on Web3 technology, allowing players to have true ownership of in-game items and a voice in decision-making for the platform. Gala recently shared that their games on Telegram, where users can earn rewards by participating, have reached over 3 million users. This milestone comes just before the release 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 easily accessible to a wider audience. Gala has a market capitalization of $730 million and is gaining popularity quickly.
4. XAI (XAI)
The XAI blockchain and token are being closely monitored by many individuals interested in Web3 gaming because of their emphasis on intricate, high-quality 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 additional layer tailored specifically for gaming purposes.
XAI is emerging as a contender in the Web3 gaming industry, with a market capitalization of $139.67 million. The platform aims to establish itself in the gaming market by providing both performance and security, essential elements for top-quality gaming experiences.
Notcoin (NTC) is a type of digital currency that operates within The Open Network (TON) ecosystem and is primarily focused on the GameFi industry. It utilizes a play-to-earn model that has gained significant popularity, particularly because of its connection to a popular game on Telegram where users can earn Notcoins by tapping on their screens. This straightforward and innovative approach has attracted millions of users and has even been proposed as a potential method for Telegram to generate revenue from its platform.
While Notcoin experienced a decrease in value in recent months, it has started to show signs of improvement by increasing its value in the past month. Additionally, Notcoin's compatibility with Telegram and TON infrastructure ensures its position as an important player 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 facilitating in-game economies, enabling active governance, or promoting decentralized ownership of assets.
The tokens for Web3 Gaming are seen as the future of blockchain gaming, but it is important to understand that the market is unpredictable. It is recommended for readers to conduct their own research before making any investments.
Writer
Jason Newey is an experienced writer 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 intricate ideas through his engaging and informative articles.
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