Exciting Gaming Tokens in Web3 for 2024: Key Things to Keep an Eye on Before the End of the Year
With the evolution 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 ownership over their digital assets.
As the year 2024 comes to an end, there is a growing trend in the Web3 gaming industry, with specific tokens showing strong growth. These tokens are not only leading the way in blockchain gaming innovation but are also attracting investors seeking lucrative prospects.
Floki Inu (FLOKI) began as a meme token but is now expanding into the Web3 gaming industry. It is now a part of Valhalla, a virtual world where users 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. Additionally, a governance feature is being developed that will enable FLOKI holders to have a say in the game's direction moving forward.
In 2024, Floki Inu has experienced significant growth, showing impressive gains over the past 30 days and 1 year. With a circulating market capitalization of $1.33 billion, FLOKI is becoming more popular as more people join Valhalla.
Immutable X (IMX) is a platform that addresses Ethereum's scalability issues, particularly for gaming NFTs. By using zk-rollups, it enables gas-free minting and trading of NFTs, making it a popular choice for blockchain games. Its high efficiency has drawn in gaming projects such as Gods Unchained and Guild of Guardians.
Developers and gamers prefer using Immutable X for its free transactions and ability to quickly handle growth. The platform uses the IMX token for governance and staking. With a market cap of $2.3 billion, Immutable X is predicted to see continued growth in 2024 as more games become a part of its ecosystem.
Gala Games is a platform for online gaming that utilizes Web3 technology, allowing players to have true ownership of in-game items and participate in the platform's governance. The company recently shared that their tap-for-rewards games on Telegram have reached over 3 million users, just 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 offerings. The popularity of Web3 gaming is on the rise, 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 rapid pace.
The XAI blockchain and token are being closely monitored by many in the Web3 gaming community because of their emphasis on advanced, 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 setup merges Ethereum's security with Arbitrum's scalability and includes a customized layer designed specifically for gaming.
XAI is emerging as a significant participant in the Web3 gaming industry with a market capitalization of $139.67 million. The platform is establishing its presence in the gaming community by providing both high performance and security, which are essential for top-tier 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 system that has gained a lot of popularity, particularly because of its connection to a popular game on Telegram where players can earn Notcoins by tapping on their screens. This easy and innovative method has attracted millions of users to the currency and has even been proposed as a potential way for Telegram to make money from its platform.
Although Notcoin's value has decreased in the past few months, it has started to show signs of improvement recently, with its value increasing in the last month. Additionally, Notcoin works well with Telegram and TON infrastructure, ensuring its position as an important player in the GameFi token ecosystem.
In the conclusion, it is noted that the gaming sector of Web3 is always evolving, with tokens like Floki Inu, Immutable X, Gala, XAI, and Notcoin leading the way. These tokens serve specific purposes such as facilitating in-game economies, enabling active governance, and promoting decentralized ownership of assets.
The future of blockchain gaming lies in Web3 Gaming tokens, but it's important to remember that market conditions can change quickly. It is recommended for readers to conduct their own research before making any investments.
Writer Jason Newey is an experienced journalist who focuses on NFTs, the Metaverse, and Web3 technologies. His expertise lies in digital media and blockchain technology, allowing him to effectively communicate intricate ideas in his articles that are both engaging and informative.
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The content on this blog is meant for informational purposes only and should not be taken as financial, legal, or investment advice. The opinions expressed in the articles belong to the authors and may not align with the official stance of NFT News Today.
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