Exciting Gaming Tokens in Web3 for 2024: Key Points to Keep in Mind Before the End of the Year
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 incentives, governance, and empowering players to have full ownership of their virtual assets.
At the end of 2024, there is a noticeable increase in activity within the Web3 gaming industry, with specific tokens standing out as successful. These tokens are not only pushing forward advancements in gaming using blockchain technology, but are also attracting investors seeking lucrative prospects.
Floki Inu, originally a meme token, is now aiming to establish itself as a competitive player in the Web3 gaming industry. It has been incorporated into Valhalla, a virtual world where users can utilize FLOKI tokens for various activities.
The process is as follows: Valhalla players 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 system is being developed that will give FLOKI holders the ability to have a say in the future direction of the game.
In 2024, Floki Inu has experienced significant growth, with notable increases in value over the past 30 days and 1 year. The circulating market cap of FLOKI is now at $1.33 billion, indicating that more people are becoming interested in Valhalla and investing in this cryptocurrency.
2. Immutable X (IMX) is addressing Ethereum's issue with scalability, focusing specifically on gaming NFTs. The platform, utilizing zk-rollups technology, enables the minting and trading of NFTs without gas fees, making it an ideal choice for blockchain games. Due to its efficiency, Immutable X has drawn in gaming projects such as Gods Unchained and Guild of Guardians.
Immutable X is a popular choice for developers and gamers due to its zero-fee transactions and fast scalability. It uses the IMX token for governance and staking. With a market cap of $2.3 billion, Immutable X could be a promising investment for growth in 2024 as more games become part of its ecosystem.
Gala Games is a platform for online gaming that uses Web3 technology to allow players to truly own their in-game assets and have a voice in the platform's governance. The platform recently celebrated reaching over 3 million users for their tap-for-rewards games on Telegram, just before the release of their new token, $TREZ.
Gala relies on the GALA token for all activities within their games, making it essential for players who want to engage with Gala's gaming experiences. The popularity of Web3 gaming is 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.
XAI is a blockchain and token that is gaining attention in the world of Web3 gaming. It stands out for its emphasis on creating advanced and high-quality games, as well as its unique approach to scalability. XAI operates as a Layer-3 blockchain that is built on top of Arbitrum, a Layer-2 solution on the Ethereum network. By combining Ethereum's security features with Arbitrum's scalability capabilities, XAI also includes a specialized layer designed specifically for gaming purposes.
XAI is starting to make a name for itself in the Web3 gaming industry, with a market capitalization of $139.67 million. The platform is focused on providing 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 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 connection with a popular game on Telegram that allows players to earn Notcoins by simply tapping on their screens. This currency has attracted millions of users with its straightforward and innovative approach, and there have been suggestions that it could be a way for Telegram to generate revenue from its platform.
Although Notcoin's value decreased in the past few months, it has started to show signs of improvement recently by increasing in value over the last 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 continuously evolving, with projects like Floki Inu, Immutable X, Gala, XAI, and Notcoin leading the way. These tokens each serve a unique purpose, such as facilitating in-game economies, enabling active governance, or promoting decentralized ownership of assets.
The Web3 Gaming tokens are seen as the future of blockchain gaming, but it's important to understand that the market can be unpredictable. It's advised for readers to conduct their own research before considering any investments.
Writer
Jason Newey is an experienced journalist who focuses on NFTs, the Metaverse, and Web3 technologies. He has a background in digital media and blockchain technology, allowing him to effectively explain complicated ideas in his interesting and informative articles.
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Please note that the information on this blog is for informational purposes only and should not be considered as financial, legal, or investment advice. The views expressed in the articles belong to the authors and may not represent the official stance of NFT News Today.
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