Top Gaming Tokens to Keep an Eye on in 2024: Important Things to Consider Before the End of the Year
With the ongoing evolution of blockchain and Web3 technology in the gaming industry, tokens are becoming increasingly popular for their effectiveness and usefulness within decentralized systems. These tokens play a crucial role in in-game economies by providing rewards, governance, and enabling players to have full ownership of their digital assets.
Towards the end of 2024, the Web3 gaming industry is experiencing a noticeable increase in activity, with specific tokens standing out as successful players. These tokens are leading the way in advancing blockchain gaming technology and are attracting interest from investors seeking lucrative prospects.
Floki Inu (FLOKI) is a cryptocurrency that began as a joke but is now expanding into the Web3 gaming industry. It has been included in Valhalla, a virtual world where people 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 act as assets in Valhalla. Additionally, a governance feature is being developed that will give FLOKI holders the ability to have a say in the future direction of the game.
By 2024, Floki Inu has experienced significant growth, with impressive gains in value over the past 30 days and year. The circulating market capitalization of FLOKI is currently $1.33 billion, demonstrating its increasing popularity as more people join the Valhalla community.
Immutable X (IMX) is a solution to Ethereum's scalability issue, particularly for gaming non-fungible tokens (NFTs). It uses zk-rollups to enable minting and trading of NFTs without gas fees, making it an ideal platform for blockchain games. Its efficiency has drawn in gaming projects such as Gods Unchained and Guild of Guardians.
Developers and gamers prefer Immutable X due to its free transactions and ability to quickly scale. The platform uses its IMX token for governance and staking. With a market cap of $2.3 billion, Immutable X is poised for growth in 2024 as more games become part of its ecosystem.
Gala Games is a platform for online games that operates on Web3 technology. It allows players to have actual ownership of assets within the games and a voice in decision-making for the platform. Gala recently shared that their games on Telegram, which offer rewards for playing, have attracted 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 their 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 easily accessible to a wider audience. Gala has a market capitalization of $730 million and is experiencing a surge in popularity.
The XAI blockchain and token are closely monitored by many in the Web3 gaming community 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, a Layer-2 solution on Ethereum. This combination leverages Ethereum's security, Arbitrum's scalability, and includes a specialized 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 focusing on providing both performance and security in the gaming realm, 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 is focused on the GameFi sector. It offers a play-to-earn model that has gained significant popularity, particularly because of its connection to a popular game on Telegram that allows players to earn Notcoins by tapping on their screens. This straightforward and innovative approach has attracted millions of users to the currency and has even been proposed as a potential revenue stream for Telegram.
Although Notcoin experienced a decrease in value in recent months, it has started to show signs of improvement by increasing in value over the past month. In addition, Notcoin has strong integration with Telegram and TON infrastructure, ensuring its position as an important 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 each serve a unique purpose such as enabling in-game economies, facilitating active governance, or promoting decentralized asset ownership.
The tokens used in Web3 Gaming are seen as the future of blockchain gaming. It is important to understand that the market for these tokens can be unpredictable, so individuals should conduct their own research before making any investments.
Writer
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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