Top Web3 Gaming Tokens to Keep an Eye on Before the End of 2024
With the advancement of blockchain and Web3 technology, tokens are becoming more popular in gaming for their efficiency and usefulness in 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.
As we near the end of 2024, the Web3 gaming industry is experiencing a notable surge, with specific tokens standing out as successful. These tokens are not only spurring advancements in blockchain gaming but are also attracting interest from investors seeking lucrative prospects.
1. Floki Inu, originally a meme token, is now expanding its presence in the Web3 gaming industry. It has been included in Valhalla, a virtual world where users can use FLOKI tokens for earning and spending.
In Valhalla, players 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 representing Valhalla assets. Additionally, a governance feature is being developed that will give FLOKI holders a say in shaping the game's future.
In 2024, Floki Inu has been performing strongly, experiencing significant growth in value over the past 30 days and year. With a circulating market cap of $1.33 billion, FLOKI is becoming more popular as more people join the Valhalla community.
Immutable X (IMX) is a platform that addresses Ethereum's scalability issue, particularly for gaming NFTs. It is based on zk-rollups technology, which enables gas-free minting and trading of NFTs, making it an ideal choice for blockchain games. Immutable X's efficiency has attracted popular gaming projects such as Gods Unchained and Guild of Guardians.
Developers and gamers are drawn to Immutable X because of its free transactions and ability to quickly scale. The IMX token is used for governance and staking. With a market cap of $2.3 billion, Immutable X is seen as a promising investment for growth in 2024, especially as more games become part of its ecosystem.
3. Gala (GALA)
Gala Games is an online gaming platform that operates on Web3 technology and allows players to have actual ownership of in-game items and a voice in the governance of the platform. 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.
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 easier for a wider audience to access. Gala has a market capitalization of $730 million and is gaining popularity quickly.
The XAI blockchain and token are highly regarded in the Web3 gaming community for their emphasis on advanced, top-notch games and their scalable approach. XAI operates as a Layer-3 blockchain built on Arbitrum, a Layer-2 solution on Ethereum. This combination ensures the security of Ethereum while benefiting from Arbitrum's scalability, with an added gaming-specific layer.
XAI is making a name for itself in the Web3 gaming industry and currently has a market capitalization of $139.67 million. The platform is focusing on providing both performance and security in the gaming realm, 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 specifically designed for the GameFi industry. It has a unique play-to-earn feature that has gained significant popularity, particularly because of its connection to a popular game on Telegram where users can earn Notcoins by tapping on their screens. This simple and innovative earning method has attracted millions of users and has even been proposed as a potential way for Telegram to generate revenue from its platform.
Although Notcoin's value declined in the past few months, it has started to show signs of improvement recently, increasing in value over the last month. Additionally, Notcoin's seamless integration with Telegram and TON infrastructure ensures it will continue to be a significant player in the GameFi token ecosystem.
In conclusion, the gaming sector of Web3 is continuously evolving with the emergence of tokens like Floki Inu, Immutable X, Gala, XAI, and Notcoin. Each of these tokens serves a unique purpose such as facilitating in-game economies, enabling active governance, or promoting 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 change rapidly. It is advised for individuals to conduct their own research before making any investments in this space.
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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