Exciting Gaming Tokens to Keep an Eye on in 2024: Things to Look Out for Before the End of the Year
As blockchain and Web3 technology reshape the gaming industry, tokens are becoming more popular for their effectiveness and usefulness in decentralized systems. 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 gaining traction, with specific tokens standing out as successful assets. These tokens are pushing forward advancements in blockchain gaming and attracting interest from investors seeking potential growth opportunities.
1. Floki Inu, originally a meme token, is now expanding into the Web3 gaming industry. It has been included in Valhalla, a virtual world where users can use FLOKI tokens for various activities.
In Valhalla, users can participate 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 feature is being developed that will give FLOKI holders the ability to have a say in the direction of the game's future.
Floki Inu has experienced success in 2024, showing significant growth over the past 30 days and year. The circulating market cap of FLOKI is $1.33 billion, indicating increasing popularity as more people join Valhalla.
Immutable X (IMX) is a platform that addresses Ethereum's scalability issue, particularly for gaming NFTs. It utilizes zk-rollups technology to enable gas-free minting and trading of NFTs, making it a popular choice for blockchain games. Projects like Gods Unchained and Guild of Guardians have been drawn to Immutable X due to its efficient and high-performance features.
Developers and gamers prefer Immutable X for its fee-free transactions and quick scalability. The platform utilizes the IMX token for governance and staking. 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.
Gala Games is a platform for online games that operates on Web3 technology, allowing players to have actual ownership of in-game items and participate in the governance of the ecosystem. Gala recently shared that their tap-for-rewards games on Telegram have attracted over 3 million users, just before the introduction of their new token, $TREZ.
Gala utilizes the GALA token for all interactions within their games, making it essential for players who wish to engage with Gala's gaming platform. The interest in Web3 gaming appears to be increasing rapidly, particularly on platforms like Telegram that are more easily accessible to a wider audience. Gala has a market capitalization of $730 million and is gaining popularity at a fast pace.
XAI blockchain and token are receiving attention from those interested in Web3 gaming for their emphasis on intricate, top-notch games and their scalable approach. XAI operates as a Layer-3 blockchain built on Arbitrum, a Layer-2 solution on Ethereum. This combination merges Ethereum's security with Arbitrum's scalability, and includes a unique layer tailored for gaming.
XAI is emerging as a significant player 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 high-quality gaming experiences.
Notcoin (NTC) is a digital currency that operates within The Open Network (TON) ecosystem and focuses on the GameFi industry. It offers a play-to-earn feature 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 shown signs of improvement by increasing in value over the past month. Additionally, Notcoin is compatible with Telegram and TON infrastructure, making it likely to continue being an important player in the GameFi token ecosystem.
In the ever-evolving world of Web3 gaming, tokens like Floki Inu, Immutable X, Gala, XAI, and Notcoin are leading the way. Each token serves a unique purpose, such as enabling in-game economies, facilitating active governance, or promoting decentralized ownership of assets.
Although Web3 Gaming tokens are expected to shape the future of blockchain gaming, it is important to remember that market conditions are unpredictable. It is recommended that individuals conduct their own research before making any investment decisions in this space.
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.
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