Top Web3 Gaming Tokens to Keep an Eye on Before 2024 Ends
With the evolution of blockchain and Web3 technology, tokens are becoming more popular in gaming for their functionality in decentralized environments. These tokens play a crucial role in in-game economies by providing rewards, governance, and allowing players to have full ownership of their digital assets.
At the end of 2024, the Web3 gaming industry is experiencing a surge in growth, with specific tokens standing out as top performers. These tokens are not only spurring advancements in gaming on the blockchain, but are also attracting interest from investors seeking profitable prospects.
Floki Inu (FLOKI) is a token that began as a meme but is now aiming to establish itself within the Web3 gaming industry. It has now been included in Valhalla, a virtual world where users can use and earn FLOKI tokens.
In Valhalla, users can participate in battles and complete tasks within the game to earn FLOKI. This currency can be used to purchase in-game weapons, armor, and NFTs that hold value as assets in Valhalla. Additionally, a governance feature is being developed that will give FLOKI holders the ability to have a say in the direction of the game's development.
By 2024, Floki Inu has shown strong performance, experiencing significant growth over the past 30 days and one year. With a circulating market capitalization of $1.33 billion, FLOKI is continuing to attract more investors as interest in Valhalla grows.
Immutable X is a platform that is addressing Ethereum's scalability issue, specifically focusing on gaming NFTs. By utilizing zk-rollups technology, Immutable X enables NFT minting and trading without gas fees, which is ideal for blockchain games. The platform's efficiency has drawn in gaming projects such as Gods Unchained and Guild of Guardians.
Developers and gamers prefer Immutable X for its fee-free transactions and ability to quickly scale. The IMX token is used for governance and staking within the platform. With a market cap of $2.3 billion, Immutable X is seen as a promising investment for potential growth in 2024, especially as more games become part of its ecosystem.
Gala Games is a platform for online gaming that operates using Web3 technology. It allows players to have actual ownership of in-game items and a voice in the platform's governance. Gala recently shared that their games on Telegram, where users can earn rewards by tapping, have reached over 3 million users. This milestone comes just before the release of their new token, $TREZ.
In Gala's games, the GALA token is used for all actions, making it essential for players. The popularity of Web3 gaming is increasing rapidly, particularly on platforms like Telegram that are more user-friendly. Gala has a market capitalization of $730 million and is becoming more popular.
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 top of Arbitrum, a Layer-2 solution on Ethereum. This setup merges Ethereum's security with Arbitrum's scalability, with an additional gaming-focused layer added for improved performance.
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 focusing on providing both performance and security in the gaming realm, which are essential for top-tier gaming experiences.
Notcoin (NTC) is a type of digital currency that operates within The Open Network (TON) ecosystem and is focused 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 that allows players to earn Notcoins by tapping on their screens. This straightforward and innovative approach has attracted millions of users to the currency and has even been proposed as a potential method for Telegram to generate revenue from its platform.
Although Notcoin's value has declined in recent months, it has started to show signs of improvement and has been increasing in value over the past month. Additionally, Notcoin works well with Telegram and TON infrastructure, ensuring its continued importance in the GameFi token ecosystem.
In the conclusion, it is noted that the gaming sector of Web3 is always 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.
Although Web3 Gaming tokens are seen as the future of blockchain gaming, it is important to understand that market conditions can be unpredictable. It is recommended for readers to conduct their own research before making any investment decisions.
Jason Newey is an experienced journalist who focuses on NFTs, the Metaverse, and Web3 technologies. He has a strong knowledge of digital media and blockchain technology, allowing him to explain intricate ideas in interesting and informative articles.
See all of the
Possible Articles
A Comprehensive Guide on Making Money from Web3 Games
Top Web3 Gaming Tokens to Keep an Eye on in 2024
Spread the Word
Further Readings
Earning Rewards from Rocky Rabbit Post Airdrop
Different Ways to Generate Passive Income with Cryptocurrency in 2024
The content on this website is meant for informational purposes and should not be taken as financial, legal, or investment advice. The opinions expressed in the articles are those of the writers and may not align with the official stance of NFT News Today.
Sign up for our newsletter!
