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

  • October 8, 2024
  • 5 min read

Top Web3 Gaming Tokens to Keep an Eye on Before the End of 2024

Tokens are becoming increasingly popular in the world of gaming as blockchain and Web3 technology reshape the industry. These tokens play a crucial role in in-game economies by providing rewards, governance, and empowering players to have full ownership of their digital assets.

As we near the end of 2024, the Web3 gaming industry is experiencing a surge in growth, with specific tokens standing out as successful assets. These tokens are not only leading the way in advancing blockchain gaming technology but are also attracting investors seeking lucrative prospects.

Floki Inu (FLOKI) is a cryptocurrency that initially began as a meme token but is now expanding its presence in the Web3 gaming industry. It has been incorporated into Valhalla, a virtual world where users have the ability to earn and use FLOKI tokens.

Valhalla users can participate in battles and complete different tasks within the game to earn FLOKI. This token can be used to purchase items like weapons, armor, and NFTs within the game. Additionally, there is a governance feature being worked on that will give FLOKI holders a say in the game's direction moving forward.

By 2024, Floki Inu has shown strong performance, with significant growth over the past 30 days and 1 year. The circulating market cap of FLOKI is now at $1.33 billion, and more people are showing interest in Valhalla as the cryptocurrency gains popularity.

Immutable X is a solution for Ethereum's scalability issue, particularly for gaming NFTs. It operates on zk-rollups and enables gas-free minting and trading of NFTs, making it ideal for blockchain-based games. Due to its efficiency, Immutable X has become popular among gaming projects such as Gods Unchained and Guild of Guardians.

Developers and gamers prefer using Immutable X because of its zero-fee transactions and ability to scale quickly. The IMX token is used for governance and staking on the platform. With a market cap of $2.3 billion, Immutable X is poised for potential growth in 2024 as more games become part of its ecosystem.

3. Gala (GALA)

Gala Games is an online gaming platform that operates on the Web3 technology, allowing players to have actual ownership of in-game items and participate in the platform's governance. Gala recently shared that their tap-for-rewards games on Telegram have reached over 3 million users, just before the release of their new token, $TREZ.

Gala relies on the GALA token for all activities within its games, making it essential for players who want to engage with Gala's gaming platform. The popularity of Web3 gaming is increasing rapidly, particularly on platforms like Telegram that have a broader reach to a wider audience. Gala currently has a market capitalization of $730 million and is experiencing a surge in popularity.

XAI is a blockchain and token that is gaining attention in the Web3 gaming community for its emphasis on intricate and high-quality games, as well as its scalability approach. XAI operates as a Layer-3 blockchain built on Arbitrum, a Layer-2 solution on Ethereum. By combining Ethereum's security with Arbitrum's scalability, XAI includes a specialized layer designed specifically for gaming purposes.

XAI is establishing a presence 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 elements for top-tier gaming experiences.

Notcoin (NTC) is a 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 where players can 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 way for Telegram to generate revenue from its platform.

Although Notcoin's value declined in recent months, it has started to show signs of improvement by increasing in value over the past month. Additionally, Notcoin is well integrated with Telegram and TON infrastructure, ensuring its continued relevance in the GameFi token ecosystem.

In conclusion, the gaming sector of Web3 is continuously evolving, with tokens like Floki Inu, Immutable X, Gala, XAI, and Notcoin leading the way. Each of these tokens serves a specific purpose, such as enabling in-game economies, facilitating active governance, or promoting decentralized ownership of assets.

The future of blockchain gaming lies in Web3 Gaming tokens, but it is important to remember that market conditions can change quickly. 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 background in digital media and blockchain technology, allowing him to effectively explain complicated ideas in his articles in a way that is easy to understand and engaging.

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Explore these suggested articles on ways to make money from Web3 games and the top gaming tokens to keep an eye on in 2024. Additionally, learn about earning Rocky Rabbit rewards after an airdrop and discover eight ways to generate passive income through cryptocurrency in 2024. Remember that the information provided in this blog is for informational purposes and should not be considered as financial, legal, or investment advice. The views and opinions expressed in the articles belong to the authors and may not align with NFT News Today's official position.

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