Top Web3 Gaming Tokens to Keep an Eye on Before 2024 Ends
As blockchain and Web3 technology keep changing the gaming industry, tokens are becoming more popular for their usefulness and performance in decentralized ecosystems. These tokens are crucial for in-game economies, providing rewards, governance, and giving players ownership of their digital assets.
At the end of 2024, the Web3 gaming industry is experiencing a surge in growth, with specific tokens standing out as successful. These tokens are not only leading the way in blockchain gaming innovation but are also attracting interest from investors seeking promising investment opportunities.
1. Floki Inu (FLOKI)
Floki Inu, originally created as a joke cryptocurrency, is now expanding into the world of Web3 gaming. It has become a part of Valhalla, a virtual universe where users can use FLOKI tokens for various activities.
In Valhalla, players can engage 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, there is a governance feature being developed that will give FLOKI holders a say in shaping the game's direction moving forward.
By 2024, Floki Inu has performed strongly, experiencing significant growth over the past 30 days and year. The circulating market cap of FLOKI is now at $1.33 billion, indicating increasing interest from investors as more people join the Valhalla community.
Immutable X is a solution to Ethereum's scalability issue, specifically for gaming NFTs. This platform, utilizing zk-rollups, enables NFT minting and trading without gas fees, making it ideal for blockchain games. Due to its effectiveness, Immutable X has drawn in gaming projects such as Gods Unchained and Guild of Guardians.
Developers and gamers prefer Immutable X for its zero-fee transactions and ability to quickly scale. 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 an online gaming platform that operates on Web3 technology, allowing players to have actual ownership of in-game items and a voice in the platform's governance. Gala Games 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 in-game activities, making it essential for players. The popularity of Web3 gaming is increasing rapidly, particularly on platforms like Telegram that are easily accessible to a wide audience. Gala has a market capitalization of $730 million and is gaining popularity at a fast pace.
4. XAI (XAI)
Many people interested in Web3 gaming are keeping an eye on the XAI blockchain and token because of their emphasis on intricate, top-notch games and their strategy for scalability. XAI is a Layer-3 blockchain built on top of Arbitrum, a Layer-2 solution on Ethereum. This combination merges Ethereum's security with Arbitrum's scalability, and includes a customized layer designed specifically for gaming.
XAI is establishing a presence in the Web3 gaming industry with a market capitalization of $139.67 million. The platform is focusing on providing both high performance and security in the gaming space, which are essential elements for top-quality gaming experiences.
Notcoin (NTC) is a digital currency that operates on The Open Network (TON) and focuses on the GameFi industry. It offers 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 been proposed as a potential revenue stream for Telegram.
While Notcoin experienced a decline in value in recent months, it has started to show signs of improvement by increasing in value over the past month. Additionally, Notcoin's compatibility with Telegram and TON infrastructure positions it well as a significant player in the GameFi token ecosystem for the future.
In the conclusion, it is noted that 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 specific purpose, such as facilitating in-game economies, enabling active governance, or supporting decentralized ownership of assets.
The future of blockchain gaming lies in Web3 Gaming tokens, but it's important to remember that market conditions can change rapidly. It is essential for readers to 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 background in digital media and blockchain technology, allowing him to effectively communicate intricate ideas in his engaging and informative articles.
See all of the
Some suggested articles you may enjoy reading are about how to make money from Web3 games and the top gaming tokens to watch in 2024. Additionally, you can learn about earning rewards after an airdrop and different ways to earn passive income through cryptocurrency in 2024. It is important to note that the information on this blog is 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 authors and do not necessarily represent the official stance of NFT News Today.
Sign up to receive our newsletter!
