Top Web3 Gaming Tokens to Keep an Eye on Before 2024 Wraps Up
With blockchain and Web3 technology reshaping the gaming industry, tokens are becoming more popular for their usefulness and effectiveness in decentralized environments. These tokens serve as the basis for in-game economies, providing rewards, governance, and allowing players to have true ownership over their digital assets.
As we approach the end of 2024, the Web3 gaming industry is experiencing a surge in growth, with specific tokens standing out as successful. These tokens are not only leading the way in revolutionizing blockchain gaming but are also attracting interest from investors seeking lucrative prospects.
Floki Inu (FLOKI) originally began as a meme token but is now aiming to establish itself in the Web3 gaming industry. It has been included in Valhalla, a virtual world where users can use FLOKI tokens for various activities.
The process is as follows: Valhalla players can join 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 Valhalla assets. Additionally, a governance feature is being developed that will enable FLOKI holders to have a say in the game's future direction.
Floki Inu has experienced strong performance in 2024, showing significant growth over the past 30 days and year. The circulating market cap of FLOKI is currently $1.33 billion, and the cryptocurrency is gaining popularity as more people join the Valhalla community.
Immutable X is a solution for Ethereum's scalability issue, specifically for gaming NFTs. 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 in gaming projects such as Gods Unchained and Guild of Guardians.
Developers and gamers prefer Immutable X because of its zero-fee transactions and ability to scale quickly. 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 as more games become part of its ecosystem.
Gala Games is a platform for Web3 gaming that allows players to have true ownership of in-game assets and a voice in the governance of the ecosystem. Gala recently shared that their tap-for-rewards games on Telegram have reached 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 want to engage with Gala's gaming offerings. The popularity of Web3 gaming is rapidly increasing, 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 at a fast pace.
XAI blockchain and token are attracting attention in the Web3 gaming community because of their emphasis on sophisticated, top-notch games and their strategy for scalability. XAI is a Layer-3 blockchain that utilizes Arbitrum, a Layer-2 solution on Ethereum, to enhance security and scalability for gaming. It includes a specialized layer designed specifically for gaming purposes.
XAI is emerging as a significant contender in the Web3 gaming industry with a market capitalization of $139.67 million. The platform is establishing itself in the gaming sector by providing both performance and security, which are essential 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 widespread popularity, particularly because of its connection to a popular game on Telegram where users can earn Notcoins by tapping on their screens. This unique approach has attracted millions of users and there have been suggestions that it could be a way for Telegram to generate revenue from its platform.
Even though Notcoin's value decreased in the past few months, it has started to show signs of improvement recently, with its value increasing in the last month. Additionally, Notcoin works well with Telegram and TON infrastructure, ensuring its position as an important player in the GameFi token ecosystem.
In conclusion, the gaming sector within the Web3 space is continuously evolving, with tokens like 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 promoting decentralized ownership of assets.
The tokens used in Web3 Gaming are seen as the future of blockchain gaming, but it's important to remember that the market can be unpredictable. It's recommended for readers to conduct their own research before making any investments.
Writer
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 explain complicated ideas in his engaging and informative articles.
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