Top Gaming Tokens in 2024: Things to Keep an Eye on Before the Year is Over
As blockchain and Web3 technology shape the gaming industry, tokens are becoming more popular for their usefulness in decentralized systems. These tokens play a key role in in-game economies by providing rewards, governance, and allowing players to have full ownership of their digital assets.
Towards the end of 2024, there is a growing interest in the Web3 gaming industry, with particular tokens standing out as successful. These tokens are leading the way in advancing blockchain gaming and are attracting investors seeking potential growth opportunities.
Floki Inu, originally a meme token, is now positioning itself as a strong player in the Web3 gaming industry. It has been incorporated into Valhalla, a virtual world where users can use and earn FLOKI tokens.
The way it operates is that Valhalla users can engage 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 Valhalla assets. Additionally, a governance feature is being developed that will enable FLOKI holders to have a say in shaping the game's direction.
By 2024, Floki Inu has experienced strong growth, with significant gains over the past 30 days and year. The circulating market cap of FLOKI is now $1.33 billion, showing that more people are becoming interested in Valhalla and investing in the cryptocurrency.
Immutable X (IMX) is a platform that aims to address Ethereum's scalability issues, particularly in the realm of gaming NFTs. By utilizing zk-rollups technology, IMX enables gas-free minting and trading of NFTs, which is ideal for blockchain-based games. Its efficiency has made it appealing to gaming projects such as Gods Unchained and Guild of Guardians.
Developers and gamers prefer Immutable X for its fee-free transactions and quick scalability. The IMX token is used for governance and staking on the platform. With a market cap of $2.3 billion, Immutable X could see significant growth in 2024 as more games become part of its ecosystem.
3. Gala Games is a platform for online gaming that utilizes Web3 technology, allowing players to have true ownership of their in-game assets and a voice in the platform's governance. Gala recently revealed that their games on Telegram, which offer rewards for tapping, have attracted over 3 million users. This milestone comes prior to the introduction of their 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 offerings. The popularity of Web3 gaming appears to be increasing rapidly, particularly on platforms like Telegram that are easily accessible to a wide audience. Gala has a market capitalization of $730 million and is gaining popularity at a fast pace.
The XAI blockchain and token are highly regarded in the Web3 gaming community for their emphasis on intricate, top-notch games and their innovative approach to 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.
XAI is emerging as a significant contender 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, recognizing the importance of these aspects in delivering top-notch gaming experiences.
5. 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 where players can earn Notcoins by tapping on their screens. This straightforward and unique method has attracted millions of users to the currency and has even been proposed as a potential revenue source for Telegram.
While Notcoin experienced a decrease in value in recent months, it has begun to show signs of improvement by increasing in value over the past month. Additionally, Notcoin's seamless integration with Telegram and TON infrastructure ensures its significance as a major 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 making significant advancements. Each of these tokens serves a unique 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 remember that market conditions can change rapidly. Before investing, it's crucial for readers to conduct their own research.
Writer
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 and should not be considered as financial, legal, or investment advice. The opinions and views expressed in the articles are solely those of the authors and may not represent the official stance of NFT News Today.
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