Top Web3 Gaming Tokens to Keep an Eye on Before the End of 2024
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 gaming ecosystems. These tokens serve as the basis for in-game economies, providing incentives, decision-making power, and enabling players to have full ownership over their virtual assets.
Towards the end of 2024, there is a noticeable increase in activity within the Web3 gaming industry, as specific tokens are gaining traction and showing strong performance. These tokens are leading the way in creating new advancements in blockchain gaming and are attracting the interest of investors seeking promising investment opportunities.
1. Floki Inu (FLOKI) is a token that began as a joke but is now expanding into the Web3 gaming industry. It is now part of Valhalla, a virtual world where users can use and earn FLOKI tokens.
The way Valhalla operates is that 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 system in progress that will enable FLOKI holders to have a say in the game's direction going forward.
Floki Inu has shown strong performance in 2024, with significant gains in both the last 30 days and the past year. The circulating market cap of FLOKI is currently at $1.33 billion, and more people are showing interest in this cryptocurrency as it gains popularity.
2. Immutable X (IMX) is a platform that is addressing Ethereum's scalability issue, particularly for gaming NFTs. It utilizes zk-rollups technology to enable minting and trading of NFTs without gas fees, making it an ideal choice for blockchain games. Due to its effectiveness, Immutable X has gained interest from gaming projects such as Gods Unchained and Guild of Guardians.
Developers and gamers prefer Immutable X due to its zero-fee transactions and fast scalability. The platform uses the IMX token for governance and staking. With a market cap of $2.3 billion, Immutable X seems like a promising choice for potential 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 actual ownership of in-game items and a voice in the governance of the ecosystem. Gala recently shared that their games on Telegram, where users can tap for rewards, have reached over 3 million players. This milestone comes just before the launch of their new token, $TREZ.
Gala relies on the GALA token for all activities within its games, making it essential for players looking to engage with Gala's gaming ecosystem. The popularity of Web3 gaming is on the rise, particularly on platforms like Telegram that appeal to a wider audience. Gala has a market capitalization of $730 million and is gaining popularity rapidly.
The XAI blockchain and token are being closely monitored by many interested in Web3 gaming because of their emphasis on creating intricate, top-notch games and their strategy for scalability. XAI operates as a Layer-3 blockchain built on top of Arbitrum, a Layer-2 solution on Ethereum. By merging Ethereum's security with Arbitrum's scalability and adding a unique layer designed for gaming, XAI aims to stand out in the world of blockchain gaming.
XAI is emerging as a significant participant in the Web3 gaming industry with a market capitalization of $139.67 million. The platform is establishing itself in the gaming community by providing both high performance and security, which are essential for top-notch gaming experiences.
Notcoin (NTC) is a digital currency that operates within The Open Network (TON) ecosystem and focuses on the GameFi industry. It utilizes 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 straightforward and innovative approach has attracted millions of users and has even been proposed as a potential revenue source for Telegram.
While Notcoin experienced a decrease in value 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 continued relevance in the GameFi token ecosystem.
In conclusion, the gaming sector of Web3 is continuously growing, with Floki Inu, Immutable X, Gala, XAI, and Notcoin leading the way. These tokens each serve a unique purpose, such as enabling in-game economies, supporting active governance, or facilitating 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 quickly. It is recommended that individuals conduct their own research before making any investments in this space.
Writer
Jason Newey is an experienced journalist who focuses on NFTs, the Metaverse, and Web3 technologies. He has expertise in digital media and blockchain technology, allowing him to effectively explain intricate ideas in his articles that are both interesting and informative.
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