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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 Ends

With the evolution of blockchain and Web3 technology in the gaming industry, tokens are becoming more popular for their effectiveness and usefulness in decentralized systems. These tokens play a key role in in-game economies, providing rewards, governance, and allowing players to have full ownership of their digital assets.

As we near the end of 2024, the Web3 gaming industry is experiencing a surge in growth, with specific tokens standing out as successful players. These tokens are leading the way in pushing forward new ideas in gaming on the blockchain and are attracting interest from investors seeking lucrative prospects.

Floki Inu (FLOKI) is a cryptocurrency that began as a joke but is now aiming to become a significant player in the Web3 gaming industry. It has been included in Valhalla, a virtual reality world where people 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 shaping the game's direction.

By 2024, Floki Inu has performed strongly, experiencing significant growth over the past 30 days and year. With a circulating market capitalization of $1.33 billion, FLOKI is continuing to attract more investors as interest in Valhalla grows.

Immutable X (IMX) is a platform that addresses Ethereum's scalability issue, particularly for gaming non-fungible tokens (NFTs). By utilizing zk-rollups, IMX enables gas-free creation and exchange of NFTs, making it an ideal choice for blockchain games. Its high performance has drawn in gaming projects such as Gods Unchained and Guild of Guardians.

Developers and gamers prefer Immutable X due to its zero-fee transactions and quick scalability. The platform uses the IMX token for governance and staking. 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. Players have control over in-game assets and can participate in the governance of the ecosystem. Gala recently revealed that their tap-for-rewards games on Telegram have attracted over 3 million users, just before the introduction of their new token, $TREZ.

Gala relies on the GALA token for all activities within their games, making it essential for players who wish to engage with Gala's gaming ecosystem. The popularity of Web3 gaming is rapidly increasing, particularly on platforms like Telegram that cater to a wider audience. Gala has a market capitalization of $730 million and is gaining popularity at a fast pace.

Number 4 on the list is XAI (XAI). This blockchain and token are attracting attention in the world of Web3 gaming because they prioritize intricate, top-notch games and have a unique approach to scalability. XAI operates as a Layer-3 blockchain built on Arbitrum, a Layer-2 solution for Ethereum. By merging Ethereum's security with Arbitrum's scalability and incorporating a dedicated gaming layer, XAI aims to offer a robust platform for gaming enthusiasts.

XAI is emerging as a significant contender in the Web3 gaming industry with a market capitalization of $139.67 million. The platform aims to establish itself in the gaming market by providing both high performance and security, which are essential elements for top-tier gaming experiences.

Notcoin (NTC) is a digital currency that operates on The Open Network (TON) platform and is focused on the GameFi industry. It offers a play-to-earn system that has gained significant popularity, especially because of its connection to a popular game on Telegram where users can earn Notcoins by tapping on their screens. This unique feature has attracted millions of users and has been proposed as a potential revenue stream for Telegram.

The value of Notcoin may have decreased recently, but it has started to show signs of improvement, increasing in value in the past month. In addition, Notcoin works well with Telegram and TON infrastructure, ensuring its importance in the GameFi token ecosystem.

In conclusion, the gaming sector of Web3 is always evolving, with tokens such as Floki Inu, Immutable X, Gala, XAI, and Notcoin leading the way. Each of these tokens serves a specific purpose, whether it be enabling in-game economies, facilitating active governance, or supporting decentralized ownership of assets.

The future of blockchain gaming lies in Web3 Gaming tokens, but it is important to understand that market conditions are unpredictable. It is recommended that readers conduct their own research before making any investments.

Jason Newey is an experienced journalist who focuses on NFTs, the Metaverse, and Web3 technologies. He has a strong understanding of digital media and blockchain technology, allowing him to effectively communicate complex ideas through interesting and informative articles.

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The content on this blog is meant for informational purposes only and should not be considered as financial, legal, or investment advice. The opinions and perspectives shared in the articles belong to the authors and may not represent the official stance of NFT News Today.

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