Top Web3 Gaming Tokens to Keep an Eye on Before 2024 Ends
As blockchain and Web3 technology shape the gaming industry, tokens are becoming increasingly popular for their effectiveness and usefulness in decentralized environments. These tokens serve as the basis for in-game economies, providing incentives, governance, and empowering players to have full ownership of their virtual assets.
At the end of 2024, the Web3 gaming industry is experiencing a surge in growth, with specific tokens standing out as successful assets. These tokens are not only leading the way in revolutionizing blockchain gaming but are also attracting interest from investors seeking lucrative prospects.
1. Floki Inu, originally created as a meme token, is now aiming to establish itself as a strong player in the Web3 gaming industry. The token has been included in Valhalla, a virtual world where users have the opportunity to both 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, there is a governance feature in progress that will give FLOKI holders the ability to have a say in the game's direction moving forward.
By 2024, Floki Inu has experienced significant growth, with notable increases in both the 30-day and 1-year periods. The circulating market cap of FLOKI is now $1.33 billion, showing that more people are becoming interested in Valhalla.
2. Immutable X (IMX) is a solution for Ethereum's scalability issue, particularly for gaming NFTs. This platform uses zk-rollups technology to enable minting and trading of NFTs without gas fees, making it ideal for blockchain games. Due to its effectiveness, Immutable X has gained attention from gaming projects such as Gods Unchained and Guild of Guardians.
Developers and gamers prefer Immutable X because of its zero-fee transactions and ability to quickly scale. The platform uses the IMX token for governance and staking. With a market cap of $2.3 billion, Immutable X is seen as a promising option for growth in 2024 as more games become part of its ecosystem.
Gala Games is a platform for online gaming that uses Web3 technology to allow players to truly own in-game assets and have a voice in the platform's governance. The platform 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's games require the use of the GALA token for all in-game activities, making it essential for players. The popularity of Web3 gaming is on the rise, particularly on platforms like Telegram that appeal to a broader audience. Gala has a market capitalization of $730 million and is gaining popularity rapidly.
The XAI blockchain and token are gaining attention in the Web3 gaming community for their emphasis on creating intricate, top-notch games and their unique approach to scalability. XAI operates as a Layer-3 blockchain built on the Layer-2 solution Arbitrum, which is based on Ethereum. This combination ensures security from Ethereum and scalability from Arbitrum, with an additional layer tailored 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 high performance and strong security in the gaming space, which are essential elements for top-tier gaming experiences.
Notcoin (NTC) is a type of digital currency that operates within The Open Network (TON) system and is focused on the GameFi industry. It offers a play-to-earn concept that has gained significant popularity, particularly because of its connection to a popular game on Telegram where users can earn Notcoins by tapping on their screens. This straightforward and innovative approach has attracted millions of users and has even been proposed as a potential revenue stream for Telegram.
Although Notcoin's value decreased in the past few months, it has started to show signs of improvement recently, with its value increasing over the last month. Additionally, Notcoin works well with Telegram and TON infrastructure, ensuring its 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 serve unique purposes such as facilitating in-game economies, enabling active governance, and supporting decentralized ownership of assets.
The tokens used in Web3 Gaming are seen as the future of blockchain gaming, but it's important to understand that the market for these tokens can be very unpredictable. It's recommended that individuals conduct their own research before making any investment decisions.
Jason Newey is an experienced journalist who focuses on NFTs, the Metaverse, and Web3 technologies. He has a strong foundation in digital media and blockchain technology, allowing him to effectively communicate intricate ideas in his compelling and educational articles.
Browse through all the
Recommended Articles
A Comprehensive Guide on How to Make Money from Web3 Games
Top Web3 Gaming Tokens to Keep an Eye on in 2024
Share This Post
Additional Articles
Strategies for Earning Rocky Rabbit Rewards Following the Airdrop
Ways to Generate Passive Income with Cryptocurrency in 2024
This blog offers information for educational purposes and is not intended as financial, legal, or investment advice. The opinions expressed in the articles belong to the authors and may not represent the official stance of NFT News Today.
Sign up for our newsletter!
