Popular Web3 gaming tokens in 2024: Key things to keep an eye on before the end of the year. With the advancement of blockchain and Web3 technology, tokens are becoming more popular for their effectiveness and usefulness in decentralized gaming systems. These tokens play a crucial role in in-game economies by providing rewards, enabling governance, and allowing players to have true ownership of their digital assets.
Towards the end of 2024, the Web3 gaming industry is experiencing a notable rise in activity, with specific tokens standing out as successful investments. These tokens are not only leading the way in blockchain gaming innovation but are also attracting interest from investors seeking lucrative prospects.
1. Floki Inu is a cryptocurrency that originally began as a joke token, but is now entering the Web3 gaming industry. It has been included in Valhalla, a virtual world where users can use and earn FLOKI tokens.
In Valhalla, 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 valuable assets in Valhalla. Additionally, a governance feature is being developed that will give FLOKI holders the ability to have a say in the game's direction moving forward.
By 2024, Floki Inu has experienced significant growth, with notable increases in both the past 30 days and 1 year. The circulating market cap for FLOKI stands at $1.33 billion, showing that more people are showing interest and investing in Valhalla.
Immutable X (IMX) is a platform that is addressing Ethereum's scalability issue, specifically in relation to gaming NFTs. By utilizing zk-rollups, Immutable X enables gas-free minting and trading of NFTs, making it an ideal platform for blockchain-based games. Its efficiency has drawn in gaming projects such as Gods Unchained and Guild of Guardians.
Developers and gamers prefer Immutable X due to its free transactions and fast scalability. It uses the IMX token for governance and staking. With a market cap of $2.3 billion, Immutable X has potential for growth in 2024 as more games are added to 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 platform. Gala recently shared that their games on Telegram, where users can earn rewards by tapping, now have over 3 million users. This milestone comes before the release of their new token, $TREZ.
Gala's games require the use of the GALA token for all in-game 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 wide audience. Gala has a market capitalization of $730 million and is quickly gaining popularity.
XAI (XAI) is a blockchain and token that is generating interest in the Web3 gaming community for its emphasis on advanced, top-notch games and its strategy for scaling. XAI operates as a Layer-3 blockchain built on Arbitrum, a Layer-2 solution on Ethereum. By merging Ethereum's security with Arbitrum's scalability and introducing a gaming-focused layer, XAI aims to offer a unique gaming experience.
XAI is emerging as a significant presence in the Web3 gaming industry with a market capitalization of $139.67 million. The platform is aiming to establish itself in the gaming market by providing both high performance and security, 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 focuses on the GameFi industry. It offers a 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 interacting with their screens. This unique approach has attracted millions of users and has even been proposed as a potential revenue stream for Telegram.
Although Notcoin's value decreased in the past few months, it has started to show signs of improvement recently, experiencing growth in value over the last month. Additionally, Notcoin's compatibility with Telegram and TON infrastructure ensures its continued relevance in the GameFi token ecosystem.
In summary, the gaming sector of Web3 is continually evolving, with projects like Floki Inu, Immutable X, Gala, XAI, and Notcoin leading the way. These tokens each serve a specific purpose, such as enabling in-game economies, facilitating active governance, or promoting decentralized ownership of assets.
The future of blockchain gaming lies in Web3 Gaming tokens, but it is important to understand that market conditions can be unpredictable. It is recommended for readers to conduct their own research before making any investments in this space.
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 through his engaging and informative articles.
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