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

  • October 10, 2024
  • 5 min read

Top Web3 Gaming Tokens to Keep an Eye on Before the End of 2024

With the evolution of blockchain and Web3 technology in the gaming industry, tokens are becoming more popular for their effectiveness and usefulness in decentralized 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, there is a noticeable increase in activity within the Web3 gaming industry, with specific tokens standing out as successful. These tokens are leading the way in developing new ideas for gaming on the blockchain and are attracting the interest of investors seeking potential growth opportunities.

1. Floki Inu, initially a token created for fun, is now aiming to establish itself as a player in the world of Web3 gaming. It has been included in Valhalla, a virtual universe where users can use and earn FLOKI tokens.

In Valhalla, users can participate in battles and complete 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 within Valhalla. Additionally, there is a governance feature being developed that will enable FLOKI holders to have a say in shaping the game's direction.

Floki Inu has experienced strong growth in 2024, showing significant increases in value over the past 30 days and year. The circulating market capitalization of FLOKI is now $1.33 billion, indicating a growing interest in the cryptocurrency as more people join the Valhalla community.

Immutable X is a platform that aims to address Ethereum's scalability issues, particularly in relation to gaming NFTs. By utilizing zk-rollups technology, it enables gas-free minting and trading of NFTs, making it an ideal choice for blockchain-based games. This efficiency has attracted gaming projects such as Gods Unchained and Guild of Guardians to the platform.

Developers and gamers prefer Immutable X because of its zero-fee transactions and fast scalability. The IMX token is used for governance and staking on the platform. 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 gaming that operates on the Web3 technology, allowing players to have actual ownership of their in-game items and a voice in the platform's governance. Gala recently shared news that their games on Telegram, where users can tap for rewards, have reached over 3 million users. This milestone comes before the launch of their new token, $TREZ.

In Gala's games, the GALA token is used for all 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 wider audience. Gala has a market capitalization of $730 million and is gaining popularity quickly.

The XAI blockchain and token are being closely monitored by many interested in Web3 gaming for their emphasis on intricate, high-caliber 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 setup merges Ethereum's security with Arbitrum's scalability, with an additional layer tailored specifically for gaming purposes.

XAI is a rising competitor in the Web3 gaming industry with a market capitalization of $139.67 million. The platform is focused on providing both high performance and security in the gaming world, which are essential 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 industry. It uses a play-to-earn system that has gained a lot of popularity, especially because of its connection to a popular game on the messaging app Telegram where users can earn Notcoins by tapping on their screens. This straightforward and unique approach has attracted millions of users and has even been proposed as a potential revenue source for Telegram.

Although Notcoin experienced a decrease in value in recent months, there have been indications of a recovery with its value increasing in the past month. Additionally, Notcoin's compatibility with Telegram and TON infrastructure ensures that it will continue to be a significant player in the GameFi token ecosystem.

In summary, the gaming sector of Web3 is always evolving, with various tokens like Floki Inu, Immutable X, Gala, XAI, and Notcoin leading the way. These tokens serve different purposes such as facilitating in-game economies, enabling active governance, and supporting decentralized ownership of assets.

Although Web3 Gaming tokens are seen as the future of blockchain gaming, it is important to understand that market conditions can be unpredictable. It is recommended for readers to conduct their own research before considering 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 complicated ideas in his articles.

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The content on this blog is meant 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 may not align with the official stance of NFT News Today.

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