Top Web3 Gaming Tokens to Keep an Eye on Before 2024 Ends
With the ongoing evolution of blockchain and Web3 technology, tokens are becoming increasingly popular for their effectiveness and usefulness in decentralized gaming systems. These tokens play a crucial role in in-game economies by providing rewards, governance, and empowering players to have true ownership over their digital assets.
Towards the end of 2024, the Web3 gaming industry is experiencing a noticeable increase in growth, with specific tokens standing out as successful. These tokens are not only leading the way in advancing blockchain gaming but are also attracting interest from investors seeking lucrative prospects.
1. Floki Inu (FLOKI) is a cryptocurrency that originated as a meme token and is now gaining traction in the Web3 gaming industry. It has been incorporated into Valhalla, a virtual world where users can utilize FLOKI tokens for various activities.
Valhalla users can participate in battles and complete in-game tasks to earn FLOKI. This token can be used to purchase items like weapons, armor, and NFTs within the game. Additionally, there is a governance feature being developed that will give FLOKI holders a say in the game's direction.
By 2024, Floki Inu has experienced significant growth, with notable increases in value over the past 30 days and 1 year. The circulating market cap of FLOKI is now $1.33 billion, showing that more people are becoming interested in Valhalla.
2. Immutable X (IMX) is a solution for Ethereum's scalability issue, particularly for gaming NFTs. The platform, which utilizes zk-rollups, enables the minting and trading of NFTs without gas fees, making it an ideal choice for blockchain games. Its efficiency has attracted gaming projects such as Gods Unchained and Guild of Guardians.
Developers and gamers are drawn to Immutable X due to its zero-fee transactions and quick scalability. The platform utilizes the IMX token for governance and staking. With a market capitalization of $2.3 billion, Immutable X is seen as 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 on the Web3 technology, allowing players to have actual ownership of assets within the games and a voice in the governance of the platform. Gala recently shared that their tap-for-rewards games on Telegram have attracted over 3 million users, just before the release of their new token, $TREZ.
Gala relies on the GALA token for all activities within their games, making it essential for players who wish to engage with Gala's gaming platform. The interest in Web3 gaming is rapidly increasing, particularly on platforms like Telegram that are easily accessible to a wide audience. Gala has achieved a market capitalization of $730 million and is gaining popularity at a fast pace.
4. XAI (XAI)
XAI blockchain and token are gaining attention in the Web3 gaming community for their emphasis on sophisticated, high-quality games and their innovative approach to scalability. XAI operates as a Layer-3 blockchain built on Arbitrum, a Layer-2 solution on Ethereum. This combination merges Ethereum's security features with Arbitrum's scalability, while also incorporating a unique gaming-focused layer.
XAI is establishing a presence in the Web3 gaming industry with a market capitalization of $139.67 million. The platform is aiming to provide both performance and security in the gaming realm, which are essential aspects for top-quality gaming experiences.
5. 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 system that has gained significant popularity, particularly because of its connection to a popular game on Telegram where players can earn Notcoins by tapping on their screens. This currency has attracted millions of users with its straightforward and innovative approach, and there have been suggestions that it could be a way for Telegram to make money from its platform.
Although Notcoin's value decreased in the past few months, it has started to show signs of improvement recently, with its value increasing over the last month. Additionally, Notcoin works well with Telegram and TON infrastructure, making it likely to continue being an important player in the GameFi token ecosystem.
In summary, the gaming sector of Web3 is always evolving, with tokens like Floki Inu, Immutable X, Gala, XAI, and Notcoin leading the way. These tokens each serve a specific purpose, such as enabling in-game economies, facilitating active governance, or promoting decentralized ownership of assets.
The tokens used in Web3 Gaming are considered to be the future of blockchain gaming, but it's important to remember that the market for these tokens can be unpredictable. It's recommended that individuals conduct their own research before deciding to invest in them.
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 communicate complicated ideas in his articles.
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