In 2024, there are popular gaming tokens in the Web3 space that are worth keeping an eye on before the year ends. With blockchain and Web3 technology shaping the gaming industry, tokens are becoming more popular for their value 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, there is a noticeable increase in momentum within the Web3 gaming industry, with specific tokens standing out as successful. These tokens are not only leading advancements in gaming on the blockchain but are also attracting investors seeking lucrative prospects.
1. Floki Inu (FLOKI) originally began as a joke token but 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 in-game tasks to earn FLOKI. This token can be used to purchase weapons, armor, and NFTs within the game. Additionally, there is a governance feature being developed that will enable FLOKI holders to have a say in the game's direction.
Floki Inu has performed strongly in 2024, showing significant growth over the past 30 days and year. The circulating market cap of FLOKI is currently $1.33 billion, and more people are showing interest in joining the Valhalla community.
1. Immutable X (IMX) is a platform that is addressing Ethereum's scalability issue, particularly for gaming NFTs. By utilizing zk-rollups technology, IMX enables gas-free minting and trading of NFTs, which is beneficial for blockchain-based games. Due to its high efficiency, Immutable X has garnered interest from gaming projects such as Gods Unchained and Guild of Guardians.
Developers and gamers prefer Immutable X for its feeless transactions and fast scalability. The platform utilizes the IMX token for governance and staking. With a market capitalization of $2.3 billion, Immutable X is poised for growth in 2024 as more games become part of its ecosystem.
Gala Games is a gaming platform on Web3 that allows players to have actual ownership of in-game items and a voice in how the platform is run. They recently shared that their games on Telegram, where users can earn rewards by tapping, have reached over 3 million users. This milestone comes before the introduction of their new token, $TREZ.
The GALA token is utilized by Gala for all activities within their games, becoming essential for players looking to engage with Gala's gaming ecosystem. The popularity of Web3 gaming is on the rise, particularly on platforms like Telegram, which are more user-friendly for a wider audience. Gala has a market capitalization of $730 million and is gaining momentum in terms of popularity.
XAI blockchain and token are receiving attention in the Web3 gaming community for their emphasis on advanced, high-quality games and their scalability approach. XAI operates as a Layer-3 blockchain built on top of Arbitrum, a Layer-2 solution on Ethereum. By leveraging Ethereum's security and Arbitrum's scalability, XAI also adds a tailored layer designed specifically for gaming.
XAI is emerging as a key player in the Web3 gaming industry with a market capitalization of $139.67 million. The platform is establishing itself in the gaming market by prioritizing both performance and security, which are essential elements for top-tier gaming experiences.
Notcoin (NTC) is a type of digital currency that operates within The Open Network (TON) ecosystem and focuses on the GameFi sector. Its play-to-earn model has gained significant popularity, especially because it is linked to a popular game on Telegram where users can earn Notcoins by tapping on their screens. This straightforward and unique approach has attracted millions of users and has even been proposed as a potential revenue source for Telegram.
While Notcoin's value may have decreased in the past few months, it has recently started to recover and has been increasing in value over the last month. Additionally, Notcoin is well integrated with Telegram and TON infrastructure, making it likely to continue being an important player in the GameFi token ecosystem.
In conclusion, the gaming sector in Web3 is always progressing, with tokens like Floki Inu, Immutable X, Gala, XAI, and Notcoin leading the way. These tokens serve different purposes such as enabling in-game economies, facilitating active governance, and promoting decentralized ownership of assets.
The tokens used in Web3 Gaming are expected to play a significant role in the future of blockchain gaming. However, it is important to understand that market conditions in this space can change quickly and unpredictably. It is recommended that individuals conduct their own research before making any investments.
Jason Newey is an experienced journalist who focuses on NFTs, the Metaverse, and Web3 technologies. He has a strong knowledge of digital media and blockchain technology, allowing him to effectively explain complicated ideas in his articles.
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