Top Web3 Gaming Tokens to Keep an Eye on by the End of 2024
With the advancement of blockchain and Web3 technology, gaming tokens are becoming increasingly popular for their effectiveness and usefulness within decentralized gaming environments. These tokens play a crucial 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 lot of growth, with some tokens standing out as successful investments. These tokens are not only pushing forward advancements in gaming on the blockchain, but they are also attracting investors searching for lucrative prospects.
1. Floki Inu, originally created as a meme token, is now positioning itself as a strong player in the Web3 gaming industry. It has been included in Valhalla, a virtual world where users have the ability to earn and use 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 assets in Valhalla. Additionally, a governance feature is being developed that will enable FLOKI holders to have a say in the game's direction moving forward.
By 2024, Floki Inu has experienced significant growth, with noticeable increases in value over the past 30 days and year. The circulating market capitalization of FLOKI is currently at $1.33 billion, showing that more people are becoming interested in joining the Valhalla community.
Immutable X (IMX) is a platform that aims to address Ethereum's scalability issue, particularly in the realm of gaming NFTs. By utilizing zk-rollups technology, IMX enables gas-free minting and trading of NFTs, making it an ideal choice for blockchain games. Its effectiveness has drawn in gaming projects such as Gods Unchained and Guild of Guardians.
Developers and gamers prefer Immutable X because of its zero-fee transactions and fast scalability. The platform uses the IMX token for governance and staking. With a market cap of $2.3 billion, Immutable X is positioned for potential growth in 2024 as more games become part of its ecosystem.
Gala Games is an online gaming platform that operates on 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, where users can earn rewards by simply tapping, have reached over 3 million players. This milestone comes before the release of their new token, $TREZ.
Gala relies on the GALA token for all activities within its games, making it essential for players who wish to engage with Gala's gaming ecosystem. The popularity of Web3 gaming appears to be 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.
XAI blockchain and token are gaining attention in the Web3 gaming community for their emphasis on intricate, top-notch games and their innovative approach to scalability. XAI operates as a Layer-3 blockchain built on Arbitrum, a Layer-2 solution on Ethereum. By blending Ethereum's security with Arbitrum's scalability and introducing a unique gaming-focused layer, XAI aims to cater to the needs of the gaming industry.
XAI is gaining influence in the Web3 gaming industry and currently has a market value of $139.67 million. The platform is establishing itself in the gaming community by providing both high performance and security, which are essential factors for premium 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 system that has gained significant popularity, particularly because of its connection to a popular game on Telegram where users can earn Notcoins by simply tapping on their screens. This straightforward and unique method has attracted millions of users and has been proposed as a potential way for Telegram to generate revenue from its platform.
Despite experiencing a decrease in value in recent months, Notcoin has started to show signs of improvement by increasing in value over the past month. In addition, 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 continuously evolving, with Floki Inu, Immutable X, Gala, XAI, and Notcoin leading the way. Each of these tokens serves a specific purpose, such as enabling in-game economies, facilitating active governance, or promoting decentralized ownership of assets.
The tokens used in Web3 Gaming are seen as the future of blockchain gaming, but it's important to remember that the market is unpredictable. It is advised for readers to conduct their own research before making any investment decisions.
Writer
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 intricate ideas in his articles.
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