Exciting Web3 Gaming Tokens to Keep an Eye on Before 2024 Ends
With the evolution of blockchain and Web3 technology, gaming tokens are becoming more popular for their role in decentralized ecosystems. These tokens are essential for in-game economies, providing rewards, governance, and allowing players to have full ownership of their digital assets.
As we approach 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 pushing forward advancements in gaming on the blockchain, but are also attracting the interest of investors seeking lucrative prospects.
1. Floki Inu, originally created as a joke cryptocurrency, is now working towards establishing itself as a player in the Web3 gaming industry. It has become part of Valhalla, a virtual world where people can use FLOKI tokens for various activities.
The process is as follows: 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 assets in Valhalla. Additionally, a governance system is being developed that will give FLOKI holders the ability to have a say in the game's future direction.
By 2024, Floki Inu has experienced significant growth, with noticeable jumps in value over the past 30 days and year. With a market capitalization of $1.33 billion in circulation, FLOKI is steadily gaining popularity as more people join the Valhalla community.
Immutable X (IMX) is a solution for Ethereum's scalability issues, specifically for gaming NFTs. It uses zk-rollups to enable gas-free creation and trading of NFTs, making it an ideal platform for blockchain games. Due to its efficiency, Immutable X has gained interest from gaming projects such as Gods Unchained and Guild of Guardians.
Developers and gamers prefer Immutable X due to its zero-fee 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 is seen as a promising option for potential growth in 2024 as more games become part of its ecosystem.
Gala Games is a platform for online gaming that operates on Web3 technology. It allows players to have actual ownership of in-game items and a role in the governance of the ecosystem. Gala recently shared that their games on Telegram, where users can tap for rewards, have reached over 3 million users. This milestone comes before the introduction 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 experiences. The popularity of Web3 gaming appears to be increasing rapidly, particularly on platforms like Telegram that are easier for a wider audience to access. Gala currently has a market capitalization of $730 million and is experiencing a surge in popularity.
XAI is a blockchain and token that is being closely monitored by many interested in Web3 gaming because of their emphasis on intricate, top-notch games and their strategy for scalability. XAI operates as a Layer-3 blockchain built on top of Arbitrum, which is 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 presence 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 delivering top-tier gaming experiences.
Notcoin (NTC) is a type of cryptocurrency that operates within The Open Network (TON) ecosystem and focuses on the GameFi sector. It offers a play-to-earn model that has gained significant popularity, particularly because of its integration with a popular game on Telegram where players can earn Notcoins by tapping on their screens. This simple and innovative feature has attracted millions of users to the currency, and there have been suggestions that it could be a way for Telegram to generate revenue from its platform.
Although Notcoin has experienced a decrease in value recently, it has started to show signs of improvement by increasing in value over the past month. Additionally, Notcoin's compatibility with Telegram and TON infrastructure makes it a promising contender in the GameFi token ecosystem.
In summary, the world of gaming in Web3 is always evolving, with projects like Floki Inu, Immutable X, Gala, XAI, and Notcoin leading the way. These tokens each offer unique features such as enabling in-game economies, providing active governance, and supporting decentralized ownership of assets.
The future of blockchain gaming lies in Web3 Gaming tokens, but it is important to understand that market conditions can change quickly. It is recommended that individuals 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 communicate complex ideas in his articles.
Browse through all the
Recommended Articles
A comprehensive guide on how to make money from Web3 games
Promising Web3 gaming tokens to keep an eye on before the year ends
Share this article with others
More Interesting Stories
Learn how to earn rewards from the Rocky Rabbit Airdrop
Discover 8 ways to generate passive income through cryptocurrency in 2024
The content on this blog is meant for informational purposes only and should not be considered as financial, legal, or investment advice. The opinions expressed in the articles are solely those of the authors and may not represent the official stance of NFT News Today.
Sign up for our newsletter to stay updated!
