Top Web3 Gaming Tokens to Keep an Eye on Before 2024 Ends
With the ongoing evolution of blockchain and Web3 technology, gaming tokens are becoming more popular for their effectiveness and usefulness within decentralized ecosystems. 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.
Towards the end of 2024, there is a growing momentum in the Web3 gaming industry, with specific tokens showing strong performance. These tokens are not only leading innovation in gaming using blockchain technology, but are also attracting investors seeking promising investment opportunities.
Floki Inu (FLOKI) is a cryptocurrency that began as a meme token but is now aiming to establish itself as a player in the Web3 gaming industry. It has been included in Valhalla, a virtual world where users can use FLOKI tokens for various activities.
The way it operates is that Valhalla users can join battles and complete different tasks within the game to earn FLOKI. This digital currency can be used to purchase items such as weapons, armor, and NFTs in the game. Additionally, there is a governance system in progress that will give FLOKI holders a say in shaping the game's direction moving forward.
By 2024, Floki Inu has shown strong performance, with significant growth over the past 30 days and year. The circulating market cap of FLOKI is now $1.33 billion, indicating increasing popularity as more people join the Valhalla community.
Immutable X is a platform created to address Ethereum's scalability issue, specifically for gaming NFTs. It operates on zk-rollups technology, enabling NFT minting and trading without gas fees, which is ideal for blockchain games. Due to its efficiency, Immutable X has successfully attracted gaming projects such as Gods Unchained and Guild of Guardians.
Developers and gamers prefer Immutable X for its fee-free transactions and fast scalability. The IMX token is used for governance and staking on the platform. With a market cap of $2.3 billion, Immutable X is expected to see growth in 2024 as more games become part of its ecosystem.
3. Gala (GALA)
Gala Games is a platform for online gaming that allows players to have actual ownership of in-game items and a voice in how the platform is managed. Gala recently shared that its games on Telegram, where users can earn rewards by tapping, have reached over 3 million users. This milestone comes before the release of their new token, $TREZ.
Gala relies on the GALA token for all activities within its games, establishing it as a crucial component for players looking to engage with Gala's gaming offerings. The popularity of Web3 gaming appears to be increasing rapidly, particularly on platforms like Telegram that cater to a broader audience. Gala currently has a market capitalization of $730 million and is experiencing a surge in popularity.
XAI blockchain and token are highly regarded in the Web3 gaming community for their emphasis on creating intricate, top-notch games and their strategy for handling scalability issues. XAI operates as a Layer-3 blockchain built on top of Arbitrum, a Layer-2 solution for Ethereum. This setup allows XAI to benefit from Ethereum's security features and Arbitrum's scalability capabilities, with an additional layer designed specifically for gaming purposes.
XAI is gaining prominence in the Web3 gaming industry and currently has a market capitalization of $139.67 million. The platform is establishing itself in the gaming market by focusing on providing both high performance and security, which are essential 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 feature that has gained widespread popularity, particularly because of its connection to a popular game on Telegram where players can earn Notcoins by simply tapping on their screens. This straightforward and innovative method has attracted millions of users to the currency and has even been proposed as a potential revenue source for Telegram.
Although Notcoin experienced a decrease in value in recent months, it has started to show signs of growth and recovery in the past month. Additionally, Notcoin's integration with Telegram and TON infrastructure makes it a significant player in the GameFi token ecosystem.
In summary, the gaming sector of Web3 is continuously evolving, with Floki Inu, Immutable X, Gala, XAI, and Notcoin leading the way. These tokens serve unique purposes such as facilitating in-game economies, enabling active governance, and promoting decentralized ownership of assets.
The future of blockchain gaming lies in Web3 Gaming tokens, but it is important to be aware 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 communicate complex ideas in his engaging and informative articles.
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The content on this blog is intended for informational purposes only 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 the official stance of NFT News Today.
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