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Top Web3 Gaming Tokens to Keep an Eye on Before 2024 Ends: A Comprehensive Guide

  • October 9, 2024
  • 5 min read

Top Gaming Tokens to Keep an Eye on Before 2024 Ends

With the ongoing evolution of blockchain and Web3 technology, gaming tokens are becoming increasingly popular for their effectiveness and usefulness 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 virtual assets.

As the year 2024 nears its end, the Web3 gaming industry is experiencing a surge in growth, with specific tokens standing out as successful assets. These tokens are leading the way in revolutionizing blockchain gaming and are attracting interest from investors seeking lucrative prospects.

Floki Inu (FLOKI) originally began as a token based on a meme, but is now aiming to establish itself as a competitor in the Web3 gaming industry. The token has been incorporated into Valhalla, a virtual world where users have the ability to both earn and use FLOKI tokens.

The way it operates is that Valhalla users can join battles and complete different tasks within the game to earn FLOKI tokens. These tokens can then be used to purchase in-game weapons, armor, and NFTs that are considered valuable assets in Valhalla. Additionally, a governance feature is being developed that will give FLOKI holders the ability to impact the direction of the game in the future.

Floki Inu has seen impressive growth in 2024, with significant increases in value over the past 30 days and year. The circulating market cap for FLOKI is now $1.33 billion, showing that more people are becoming interested in Valhalla and joining the trend.

Immutable X (IMX) is addressing Ethereum's scalability issue, particularly for gaming non-fungible tokens (NFTs). The platform, which utilizes zk-rollups, enables gas-free creation and exchange of NFTs, making it an ideal choice for blockchain games. Due to its effectiveness, Immutable X has drawn in gaming projects such as Gods Unchained and Guild of Guardians.

Developers and gamers prefer Immutable X for its zero-fee transactions and quick scalability. The platform uses the IMX token for governance and staking. With a market cap of $2.3 billion, Immutable X could be a promising investment for the future, especially as more games are added to its ecosystem in 2024.

Gala Games is a platform for online gaming that utilizes Web3 technology, allowing players to have true ownership of in-game assets and a voice in the platform's governance. The company recently revealed that their tap-for-rewards games on Telegram have reached over 3 million users, just before the release of their new token, $TREZ.

Gala's games use the GALA token for all activities within the game, making it essential for players who want to engage with Gala's gaming experiences. The popularity of Web3 gaming is rapidly increasing, particularly on platforms like Telegram that are more user-friendly for the general public. Gala has a market capitalization of $730 million and is gaining popularity at a fast pace.

The XAI blockchain and token are being closely monitored by many interested in Web3 gaming because they prioritize intricate, high-quality games and have a scalable approach. XAI is a Layer-3 blockchain built on top of Arbitrum, a Layer-2 solution on Ethereum. This combination offers Ethereum's security and Arbitrum's scalability, with an added layer designed specifically for gaming.

XAI is emerging as a significant presence in the Web3 gaming industry with a market capitalization of $139.67 million. The platform is carving out a space in the gaming market by focusing on providing top-notch performance and security, both of which are essential for delivering high-quality gaming experiences.

Notcoin (NTC) is a type of digital currency that operates within The Open Network (TON) ecosystem and is specifically designed for the GameFi industry. It offers a play-to-earn feature that has gained significant popularity, especially because of its connection to a popular game on Telegram where users can earn Notcoins by simply tapping on their screens. This unique method has attracted millions of users and has even been proposed as a potential way for Telegram to generate revenue from its platform.

Although Notcoin's value decreased in the past few months, it has recently started to show signs of improvement 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 continually 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 future of blockchain gaming is being shaped by Web3 Gaming tokens, but it is important to understand that market conditions can change rapidly. It is recommended for readers to conduct their own research before making any investment decisions.

Writer

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 effectively explain complicated ideas in his engaging 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 expressed in the articles belong to the authors and may not represent the official stance of NFT News Today.

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