Top Gaming Tokens to Keep an Eye on in 2024: Things to Look Out for Before the End of the Year
With the evolution of blockchain and Web3 technology in the gaming industry, tokens are becoming more popular for their effectiveness and usefulness in decentralized ecosystems. These tokens play a crucial role in in-game economies by providing rewards, governance, and enabling players to have full ownership of their digital assets.
Towards the end of 2024, there is a noticeable increase in activity within the Web3 gaming industry, with specific tokens standing out as successful investments. These tokens are not only pushing advancements in gaming on the blockchain but are also attracting investors seeking potential growth opportunities.
1. Floki Inu (FLOKI) is a cryptocurrency that originated as a meme token but is now expanding into the Web3 gaming industry. It has been incorporated into Valhalla, a virtual world where individuals can use FLOKI tokens for various activities.
Valhalla users 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 as assets. Additionally, there is a governance feature being developed that will give FLOKI holders a say in shaping the game's future.
By 2024, Floki Inu has experienced significant growth in value over the past 30 days and year. With a market capitalization of $1.33 billion, FLOKI is gaining popularity as more people invest in Valhalla.
Immutable X is a solution to Ethereum's scalability issue, specifically for gaming non-fungible tokens (NFTs). This platform, which uses zk-rollups technology, enables NFT minting and trading without gas fees, making it ideal for blockchain games. Due to its effectiveness, Immutable X has drawn interest from gaming projects such as Gods Unchained and Guild of Guardians.
Developers and gamers prefer Immutable X for its ability to process transactions without fees and scale quickly. The platform uses its 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 the Web3 technology. It allows players to have actual ownership of in-game items and a voice in the platform's governance. Gala recently shared that their games on Telegram, which offer rewards for interacting, have reached over 3 million users. This milestone comes before the introduction of their new token, $TREZ.
The GALA token is utilized by Gala for all activities within their games, making it essential for players who wish to engage with Gala's gaming experience. The interest in Web3 gaming is increasing rapidly, particularly on platforms like Telegram that are more easily accessible to a wider audience. Gala has a market capitalization of $730 million and is experiencing a surge in popularity.
The XAI blockchain and token are 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 ensures the security of Ethereum while leveraging the scalability of Arbitrum, with an additional layer tailored specifically for gaming.
XAI is emerging as a key player in the Web3 gaming industry with a market capitalization of $139.67 million. The platform is focused on providing both performance and security in the gaming world, 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 uses a play-to-earn model that has gained significant popularity, particularly because of its connection to a popular game on Telegram. Players can earn Notcoins by simply tapping on their screens while playing the game. This straightforward yet innovative 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 experienced a decline in value in the past few months, it has started showing signs of improvement by increasing in value over the last month. Additionally, Notcoin's compatibility with Telegram and TON infrastructure ensures its continued importance in the GameFi token ecosystem.
In summary, the gaming sector of Web3 is always evolving, with tokens like Floki Inu, Immutable X, Gala, XAI, and Notcoin leading the way. These tokens have unique purposes such as facilitating in-game economies, enabling active governance, and promoting decentralized ownership of assets.
The tokens used in Web3 Gaming are considered to be the future of blockchain gaming, but it is important to understand that market conditions can change rapidly. It is advised for readers to 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 complicated ideas through interesting and informative articles.
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