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

  • October 8, 2024
  • 5 min read

Top Web3 Gaming Tokens to Keep an Eye on Before 2024 Concludes

With the ongoing evolution of blockchain and Web3 technology, tokens are becoming increasingly popular for their effectiveness and usefulness in decentralized gaming environments. These tokens serve as the building blocks of in-game economies, providing rewards, governance, and empowering players to have full ownership of their virtual assets.

As we near 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 pushing advancements in gaming using blockchain technology, 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 as a prominent player in the Web3 gaming industry. The token is now part of Valhalla, a virtual world where users can use FLOKI tokens for various activities.

In Valhalla, users can engage 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, 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 impressive gains over the past 30 days and year. The circulating market cap of FLOKI is now at $1.33 billion, indicating a growing interest in the cryptocurrency as more people join the Valhalla community.

Immutable X (IMX) is a solution to Ethereum's scalability issue, specifically for gaming NFTs. Utilizing zk-rollups technology, the platform enables NFT minting and trading without gas fees, making it ideal for blockchain 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 quick ability to handle growth. IMX token is used for governance and staking on the platform. With a market cap of $2.3 billion, Immutable X is expected to see 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 genuine ownership of in-game items and a voice in the platform's governance. Gala recently shared that their games on Telegram, where users can earn rewards by tapping, have attracted over 3 million players. This achievement comes just before the launch of their new token, $TREZ.

Gala utilizes the GALA token for all activities within its games, making it essential for individuals who wish to engage with Gala's gaming experiences. The interest in Web3 gaming appears to be increasing rapidly, particularly on platforms such as Telegram, which are more user-friendly for a wider audience. Gala has a market capitalization of $730 million and is gaining popularity at a fast pace.

4. XAI (XAI)

The XAI blockchain and token are being closely monitored by many in the Web3 gaming community because of their emphasis on intricate, top-notch games and their strategy for scalability. XAI operates as a Layer-3 blockchain built on Arbitrum, a Layer-2 solution on Ethereum. This combination merges Ethereum's security with Arbitrum's scalability, and includes a specialized layer dedicated to gaming.

XAI is making a name for itself in the Web3 gaming industry with a market capitalization of $139.67 million. The platform aims to provide both performance and security in the gaming industry, which are essential for delivering top-notch gaming experiences.

5. 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 through its connection with a popular game on Telegram. Players can earn Notcoins by simply tapping on their screens. This straightforward and unique method has attracted millions of users to the currency and has even been proposed as a potential monetization strategy for Telegram.

Although Notcoin's value has decreased in the past few months, it has started to recover recently and has been increasing in value over the last month. Additionally, Notcoin works well with Telegram and TON infrastructure, ensuring its continued importance in the GameFi token ecosystem.

In the conclusion, it can be seen that the gaming sector of Web3 is always evolving, with projects like Floki Inu, Immutable X, Gala, XAI, and Notcoin pushing the boundaries. Each of these tokens serves a unique 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's important to understand that market conditions can change rapidly. It's recommended for readers to 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 a background in digital media and blockchain technology, allowing him to easily explain complicated ideas in interesting and informative articles.

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The content shared on this platform is solely for educational purposes and should not be taken as financial, legal, or investment advice. The opinions expressed in the articles belong to the writers and may not represent the official stance of NFT News Today.

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