Exciting Web3 Gaming Tokens to Keep an Eye on Before 2024 Wraps Up
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 serve as the backbone of in-game economies, providing benefits, control, and empowering players to have true ownership over their virtual possessions.
In the final months of 2024, the Web3 gaming industry is experiencing noticeable growth, with specific tokens standing out as top achievers. These tokens are not only pushing forward advancements in gaming on the blockchain but are also attracting interest from investors seeking potential opportunities.
1. Floki Inu, originally created as a meme token, is now expanding into the Web3 gaming industry. It has partnered with Valhalla, a metaverse platform where users can use and earn FLOKI tokens.
The way Valhalla operates is that 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, there is a governance feature in progress that will enable FLOKI holders to have a say in the game's development moving forward.
In 2024, Floki Inu has performed strongly, experiencing significant growth over the past 30 days and 1 year. The circulating market cap of FLOKI is $1.33 billion, showing that it is becoming more popular as more people join Valhalla.
Immutable X (IMX) is a platform that aims to address Ethereum's scalability issues, particularly for gaming NFTs. By utilizing zk-rollups technology, the platform enables gas-free minting and trading of NFTs, making it an ideal choice for blockchain-based games. Its high efficiency has drawn the interest of 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. It utilizes the IMX token for governance and staking. With a market cap of $2.3 billion, there is potential for growth in 2024 as more games become part of its ecosystem.
Gala Games is an online gaming platform that operates on the Web3 technology, allowing players to have actual ownership of in-game items and a voice in the platform's governance. Gala recently shared that its games on Telegram, where users can earn rewards by tapping, have attracted over 3 million players. This milestone comes just before the introduction of its new token, $TREZ.
Gala relies on the GALA token for all activities within its games, making it essential for those interested in playing Gala's games. The popularity of Web3 gaming is increasing rapidly, particularly on platforms like Telegram that are more widely used by the general public. Gala has a market capitalization of $730 million and is gaining popularity at a fast pace.
XAI is a blockchain and token that is being closely monitored by many interested in Web3 gaming because of its emphasis on intricate, top-notch games and its scalable approach. XAI operates as a Layer-3 blockchain built on top of Arbitrum, a Layer-2 solution on Ethereum. This combination merges Ethereum's security with Arbitrum's scalability and includes a dedicated layer designed specifically for gaming.
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 realm, recognizing the importance of these aspects for top-tier gaming experiences.
Notcoin (NTC) is a cryptocurrency that operates in The Open Network (TON) ecosystem and focuses on the GameFi sector. It uses a play-to-earn model that has gained widespread popularity, particularly because of its connection to a popular game on Telegram where players can earn Notcoins by tapping on their screens. This currency has attracted millions of users with its unique and straightforward concept, leading to suggestions that it could be a way for Telegram to make money from its platform.
While Notcoin experienced a decrease in value in recent months, it has started to grow again in value over the past month. Its compatibility with Telegram and TON infrastructure ensures it will continue to be an important player in the GameFi token ecosystem.
In conclusion, the gaming sector of Web3 is always evolving, with Floki Inu, Immutable X, Gala, XAI, and Notcoin leading the way. These tokens serve specific purposes such as facilitating in-game economies, enabling active governance, and supporting decentralized ownership of assets.
The Web3 Gaming tokens are seen as the future of blockchain gaming, but it is important to understand that market conditions can change quickly. It is advisable for readers to conduct their own research before making any investments.
Jason Newey is an experienced journalist who focuses on NFTs, the Metaverse, and Web3 technologies. He has a strong digital media and blockchain technology background, allowing him to effectively communicate intricate ideas through interesting and informative articles.
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