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

  • October 9, 2024
  • 5 min read

Exciting Web3 Gaming Tokens to Keep an Eye on in 2024: Things to Look Out for Before the End of the Year

With the advancement of blockchain and Web3 technology in gaming, tokens are becoming more popular for their effectiveness and usefulness in decentralized systems. These tokens play a crucial role in in-game economies by providing rewards, governance, and empowering players to have true ownership over their digital assets.

As we near the end of 2024, the Web3 gaming industry is gaining momentum, with specific tokens standing out as top performers. These tokens are not only spurring innovation in gaming using blockchain technology, but are also attracting interest from investors seeking lucrative prospects.

1. Floki Inu (FLOKI) is a token that began as a meme but is now moving towards establishing itself as a strong player in the Web3 gaming industry. It has now been included in Valhalla, a digital world where users can use and earn FLOKI tokens.

In Valhalla, players can participate in battles and complete different tasks within the game to earn FLOKI. This token can be used to purchase in-game weapons, armor, and NFTs that act as assets in Valhalla. Additionally, a governance feature is being worked on that will give FLOKI holders the ability to have a say in the game's future development.

In the year 2024, Floki Inu has experienced significant growth, with notable increases in value over the past 30 days and year. The circulating market cap of FLOKI is now $1.33 billion, showing that more people are becoming interested in Valhalla and investing in this cryptocurrency.

Immutable X is a platform that addresses Ethereum's scalability issue, particularly for gaming NFTs. It utilizes zk-rollups technology to enable gas-free minting and trading of NFTs, making it ideal for blockchain games. Due to its efficiency, Immutable X has gained interest from gaming projects such as Gods Unchained and Guild of Guardians.

Developers and gamers prefer Immutable X for its fee-less transactions and fast scalability. The platform utilizes the IMX token for governance and staking. With a market cap of $2.3 billion, Immutable X is poised for growth in 2024 as more games become part of its ecosystem.

Gala Games is a platform for online gaming using Web3 technology, allowing players to have actual ownership of in-game items and participate in governing the ecosystem. They recently shared that their games on Telegram, where users can earn rewards by tapping, have reached over 3 million users. This milestone comes before the launch of their new token, $TREZ.

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

XAI blockchain and token are being closely followed by many in the Web3 gaming community because of their emphasis on intricate and top-notch games, as well as their scalability strategy. XAI operates as a Layer-3 blockchain built on Arbitrum, a Layer-2 solution on Ethereum. This setup merges Ethereum's security features with Arbitrum's scalability capabilities, with an extra layer designed specifically for gaming purposes.

XAI is emerging as a significant presence in the Web3 gaming industry with a market capitalization of $139.67 million. The platform is focusing on providing both top performance and security in the gaming industry, which are essential for delivering high-quality gaming experiences.

Notcoin (NTC) is a 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 through its connection to a popular game on Telegram where users can earn Notcoins by tapping on their screens. This unique and straightforward 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 recent months, it has started to show signs of improvement by increasing in value over the past month. Additionally, Notcoin's compatibility with Telegram and TON infrastructure positions it well to continue being a significant player in the GameFi token ecosystem.

In conclusion, the gaming sector of Web3 is continuously evolving, with projects like Floki Inu, Immutable X, Gala, XAI, and Notcoin leading the way. 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 the market for these tokens can be unpredictable. It is recommended 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 background in digital media and blockchain technology, allowing him to easily explain intricate ideas in his articles in an interesting and informative way.

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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 expressed in the articles are those of the authors and may not align with the official stance of NFT News Today.

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