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Top Web3 Gaming Tokens to Keep an Eye on Before 2024 Ends: A Comprehensive Guide

  • October 8, 2024
  • 5 min read

Exciting gaming tokens in the world of Web3 for 2024 are worth keeping an eye on before the year comes to a close. With blockchain and Web3 tech shaping the gaming industry, tokens are becoming more popular for their effectiveness and usefulness in decentralized systems. These tokens play a key role in in-game economies by providing rewards, governance, and empowering players to have true ownership of their virtual assets.

As we approach the end of 2024, the Web3 gaming industry is experiencing a notable increase in activity, with specific tokens standing out as successful assets. These tokens are not only spurring advancements in gaming using blockchain technology, but are also attracting interest from investors seeking lucrative prospects.

Floki Inu (FLOKI) was originally created as a joke token but is now moving towards establishing itself as a player in the Web3 gaming industry. It has been incorporated into Valhalla, a virtual world where users can use and receive FLOKI tokens.

This is the process: Valhalla players can participate in fights and complete different tasks within the game to earn FLOKI. They can use this token to purchase items like weapons, armor, and NFTs that are valuable assets in Valhalla. Additionally, a governance feature is being worked on that would give FLOKI holders a say in shaping the game's direction.

By 2024, Floki Inu has shown strong performance, experiencing significant growth over the past 30 days and year. With a circulating market capitalization of $1.33 billion, FLOKI is increasingly gaining popularity as more people join the Valhalla community.

Immutable X is a platform that addresses Ethereum's scalability issue, specifically for gaming NFTs. It uses zk-rollups technology to enable gas-free minting and trading of NFTs, making it ideal for blockchain-based games. Immutable X's efficiency has attracted gaming projects such as Gods Unchained and Guild of Guardians.

Developers and gamers prefer Immutable X for its fee-free transactions and ability to quickly handle a large number of transactions. The platform uses its IMX token for governance and staking. With a market cap 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.

3. Gala (GALA)

Gala Games is a platform for online gaming that allows players to own in-game assets and have a voice in the platform's governance. Gala recently shared that their games on Telegram, where users can earn rewards by tapping, have reached over 3 million users. This milestone comes as Gala prepares to introduce its 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 ecosystem. The popularity of Web3 gaming is on the rise, particularly on platforms like Telegram that are more user-friendly for a broader audience. Gala has achieved a market capitalization of $730 million and is gaining popularity quickly.

XAI blockchain and its token are being closely observed by many interested in Web3 gaming because of their emphasis on sophisticated, high-quality games and their strategy for scalability. XAI operates as a Layer-3 blockchain built on Arbitrum, a Layer-2 solution on Ethereum. This combination merges Ethereum's security with Arbitrum's scalability, and also includes a unique layer tailored for gaming purposes.

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-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 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 unique approach, and there have been suggestions that it could be a way for Telegram to generate revenue from its platform.

Although Notcoin's value decreased 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 ensures 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. Each of these tokens serves a specific purpose, such as facilitating in-game economies, enabling active governance, or supporting decentralized ownership of assets.

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 rapidly. It is advised for readers to conduct their own research before making any investments.

Writer

Jason Newey is an experienced writer 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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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 are those of the authors and do not necessarily represent the official stance of NFT News Today.

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