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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

Exciting Gaming Tokens in Web3 for 2024: Key Things to Keep an Eye on Before the Year Concludes

The world of gaming is being reshaped by blockchain and Web3 technology, with tokens becoming increasingly popular for their effectiveness and usefulness in decentralized systems. These tokens play a crucial role in in-game economies by providing rewards, governance, and giving players the power to have full ownership of their virtual assets.

Towards 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 just leading the way in creating new advancements in blockchain gaming, but are also attracting interest from investors seeking lucrative prospects.

1. Floki Inu (FLOKI) is a cryptocurrency that initially began as a joke but is now transitioning to become a prominent player in the Web3 gaming industry. It has been incorporated into Valhalla, a virtual world where individuals can utilize and acquire FLOKI tokens.

The way Valhalla operates is that users can engage in battles and complete different tasks within the game to earn FLOKI. With this token, they can purchase in-game weapons, armor, and NFTs that are valuable assets within Valhalla. Additionally, there is a governance aspect being worked on that would give FLOKI holders a say in shaping the game's direction moving forward.

By 2024, Floki Inu has experienced significant growth, with noticeable increases in value over the past 30 days and year. The circulating market cap for FLOKI is currently at $1.33 billion, showing that more people are becoming interested in the cryptocurrency and joining the Valhalla community.

2. Immutable X (IMX) is a platform that aims to address Ethereum's scalability issue, specifically for gaming NFTs. By utilizing zk-rollups technology, IMX enables gas-free minting and trading of NFTs, making it a popular choice for blockchain-based games. Its efficiency has drawn gaming projects such as Gods Unchained and Guild of Guardians to the platform.

Developers and gamers prefer Immutable X for its ability to process transactions without fees and quickly scale. The platform uses its IMX token for governance and staking. With a market cap of $2.3 billion, Immutable X could see significant growth in 2024 as more games become part of its ecosystem.

Gala Games is a platform for online gaming that uses Web3 technology, allowing players to have true ownership of their in-game items and a voice in how the platform is managed. 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's games require the use of the GALA token for all activities within the game, making it essential for players. The popularity of Web3 gaming is increasing rapidly, particularly on platforms like Telegram that appeal to a wider audience. Gala has a market capitalization of $730 million and is gaining popularity quickly.

The XAI blockchain and token are gaining attention in the Web3 gaming community for their emphasis on intricate, high-caliber games and their strategy for scalability. XAI operates as a Layer-3 blockchain built on Arbitrum, a Layer-2 solution for Ethereum. This combination merges Ethereum's security with Arbitrum's scalability, with an additional gaming-focused layer.

XAI is establishing itself as a significant presence in the Web3 gaming industry, with a market capitalization of $139.67 million. The platform is focusing on providing both top-notch performance and security in the gaming realm, recognizing the importance of these factors in delivering high-quality gaming experiences.

Notcoin (NTC) is a type of digital currency that operates on The Open Network (TON) and focuses on the GameFi industry. It has a play-to-earn system that has gained significant popularity, particularly because of its connection to a popular game on Telegram where users can earn Notcoins by tapping on their screens. This straightforward and innovative approach 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 has decreased in recent months, it has started to recover and has been increasing in value over the past month. Additionally, Notcoin's compatibility with Telegram and TON infrastructure ensures that it will continue to be a significant player in the GameFi token ecosystem.

In summary, the gaming sector of Web3 is continually evolving, with tokens like Floki Inu, Immutable X, Gala, XAI, and Notcoin leading the way. These tokens serve specific purposes such as enabling in-game economies, facilitating active governance, and promoting decentralized ownership of assets.

The Web3 Gaming tokens are seen as the future of blockchain gaming, but it's important to understand that market conditions can change quickly. It's recommended for readers to conduct thorough research before making any investments.

Jason Newey is an experienced journalist who focuses on NFTs, the Metaverse, and Web3 technologies. He has a strong understanding of digital media and blockchain technology, allowing him to effectively communicate complicated ideas through compelling 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 are those of the writers and may not align with NFT News Today's official stance.

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