sedehoo

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

  • October 10, 2024
  • 5 min read

Exciting Web3 Gaming Tokens to Keep an Eye on in 2024: Things to Look out for Before the End of the Year

With the ongoing evolution of blockchain and Web3 technology in the gaming industry, tokens are becoming increasingly popular for their effectiveness and usefulness within decentralized systems. These tokens play a crucial role in in-game economies by providing rewards, governance, and empowering players to have full ownership of their digital assets.

At the end of 2024, the Web3 gaming industry is experiencing a notable increase in activity, with specific tokens standing out as successful. These tokens are not only leading advancements in blockchain gaming but are also attracting investors seeking potential opportunities.

1. Floki Inu (FLOKI) initially began as a playful token inspired by memes, but is now moving towards establishing itself as a key player in the Web3 gaming industry. The token has been incorporated into Valhalla, a virtual world where users have the opportunity to both earn and use FLOKI tokens.

The way it functions is that Valhalla users can participate in battles and complete different tasks within the game to earn FLOKI tokens. These tokens can then be used to purchase items like weapons, armor, and NFTs that are considered valuable assets in Valhalla. Additionally, there is a governance feature in progress that will enable FLOKI holders to have a say in shaping the game's direction moving forward.

Floki Inu has experienced strong growth in 2024, with significant increases in value over the past 30 days and year. The circulating market cap for Floki is now $1.33 billion, indicating its increasing popularity as more people join the Valhalla community.

A solution to Ethereum's scalability issue for gaming NFTs is Immutable X. This platform, utilizing zk-rollups, enables minting and trading of NFTs without gas fees, making it ideal for blockchain games. Immutable X's efficiency has drawn gaming projects such as Gods Unchained and Guild of Guardians.

Developers and gamers appreciate Immutable X for its free transactions and fast scalability. The platform utilizes the IMX token for governance and staking. 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 Web3 technology. It allows players to have true ownership of their in-game items and a voice in the platform's governance. Gala recently revealed that their games on Telegram, where users can earn rewards by tapping, have reached over 3 million users. This milestone comes before the release of their new token, $TREZ.

The GALA token is used by Gala for all activities within their games, making it essential for anyone wanting to play Gala's games. The popularity of Web3 gaming is increasing rapidly, particularly on platforms like Telegram that are easier for a wider audience to use. Gala currently has a market capitalization of $730 million and is becoming more popular.

The XAI blockchain and token are highly regarded in the Web3 gaming community for their emphasis on advanced, high-quality games and their scalable approach. XAI operates as a Layer-3 blockchain built on top of Arbitrum, a Layer-2 solution for Ethereum. This combination ensures the security of Ethereum with the scalability of Arbitrum, with a specific focus on gaming.

XAI is emerging as a significant presence in the Web3 gaming industry, with a market capitalization of $139.67 million. The platform aims to provide both excellent performance and security in the gaming sphere, recognizing the importance of these factors in delivering top-tier gaming experiences.

5. Notcoin (NTC) is a type of cryptocurrency 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 simply tapping on their screens. This currency has attracted millions of users with its easy and innovative method, 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 recent months, it has started to show signs of improvement by increasing in value over the past month. Additionally, Notcoin has seamless integration with Telegram and TON infrastructure, ensuring 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 making progress. These tokens each serve a specific purpose, such as enabling in-game economies, facilitating active governance, or promoting decentralized ownership of assets.

The tokens for Web3 Gaming are seen as the future of blockchain gaming, but it is important to understand that the market for these tokens can be unpredictable. It is 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 background in digital media and blockchain technology, allowing him to effectively communicate complex ideas in his articles.

See all of the

Explore these recommended articles on ways to make money through Web3 games and the top gaming tokens to keep an eye on in 2024 before the year ends. Additionally, learn how to earn rewards after participating in an airdrop and discover eight ways to generate passive income through cryptocurrency in 2024. Please note that the content on this blog is for informational purposes only and should not be considered financial, legal, or investment advice. The opinions expressed in the articles are those of the authors and do not represent the official stance of NFT News Today.

Sign up for our newsletter to stay updated!

Leave a Reply

Your email address will not be published. Required fields are marked *