Top Gaming Tokens to Keep an Eye on in 2024: Important Things to Look Out for Before the End of the Year
With the ongoing advancement of blockchain and Web3 technology in the gaming industry, 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, governing systems, and allowing players to have full ownership of their digital assets.
As we near the end of 2024, the Web3 gaming industry is experiencing a surge in growth, with specific tokens standing out as successful assets. These tokens are not only fueling advancements in gaming using blockchain technology, but are also attracting interest from investors seeking lucrative prospects.
Floki Inu (FLOKI) is a cryptocurrency that originally began as a joke token, but is now expanding into the world of Web3 gaming. It has been incorporated into Valhalla, a virtual reality platform where users can use and earn FLOKI tokens.
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, there is a governance aspect being worked on that will give FLOKI holders a say in the game's direction moving forward.
By 2024, Floki Inu has experienced significant growth, with impressive gains over the past 30 days and year. The circulating market cap of FLOKI is now $1.33 billion, showing that more people are becoming interested in Valhalla and investing in this cryptocurrency.
Immutable X (IMX) is a platform that aims to address Ethereum's scalability issue, particularly for gaming NFTs. By utilizing zk-rollups technology, IMX enables gas-free minting and trading of NFTs, making it an ideal choice for blockchain-based games. Its high efficiency has drawn in gaming projects such as Gods Unchained and Guild of Guardians.
Immutable X is a popular option for developers and gamers due to its fee-free transactions and quick scalability. It utilizes the IMX token for governance and staking. With a market cap of $2.3 billion, Immutable X may be a promising investment for potential growth in 2024, especially as more games become part of its ecosystem.
Gala Games is a platform for online gaming that operates using Web3 technology. Players have actual ownership over the assets they acquire in the games and can participate in the governance of the ecosystem. Gala recently shared that their games on Telegram, where users can earn rewards by tapping, now have 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, making it essential for players who want to engage with Gala's gaming offerings. The popularity of Web3 gaming is increasing rapidly, particularly on platforms like Telegram that are more user-friendly for a broader audience. Gala 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 sophisticated, top-tier games and their innovative scalability approach. XAI operates as a Layer-3 blockchain built on Arbitrum, a Layer-2 solution for Ethereum. This combination leverages Ethereum's security features and Arbitrum's scalability, with an added gaming-focused layer for enhanced performance.
XAI is emerging as a significant participant in the Web3 gaming industry and currently has a market capitalization of $139.67 million. The platform is focusing on establishing itself in the gaming market by providing not just high performance, but also strong security measures, which are essential for top-notch gaming experiences.
Notcoin (NTC) is a type of digital currency that operates within The Open Network (TON) ecosystem and focuses on the GameFi industry. It offers a play-to-earn model that has gained widespread popularity, particularly because of its connection to a popular game on Telegram where users can earn Notcoins by simply tapping on their screens. This straightforward and unique approach has attracted millions of users to the currency and has even been proposed as a potential source of revenue for Telegram.
While Notcoin's value may have decreased in the past few months, it has recently started to show signs of improvement by increasing in value over the last month. Additionally, Notcoin's compatibility with Telegram and TON infrastructure ensures its position as a significant player in the GameFi token ecosystem.
In the world of Web3 gaming, there is ongoing progress and growth. Tokens like Floki Inu, Immutable X, Gala, XAI, and Notcoin are driving this development by enabling in-game economies, facilitating active governance, and promoting decentralized ownership of assets in various ways.
The tokens used in Web3 Gaming are seen as the future of blockchain gaming, but it's important to understand that market conditions can change quickly. It's recommended for readers to 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 complicated ideas in his engaging and informative articles.
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Feel free to share these articles with others. Additionally, you can find more stories on topics such as earning rewards after an airdrop and generating passive income through cryptocurrency in the year 2024. Please note that the information provided 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 belong to the authors and may not represent the official stance of NFT News Today.
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