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Top Web3 Gaming Tokens to Keep an Eye on Before 2024 Ends: A Comprehensive Overview

  • October 9, 2024
  • 5 min read

Top Gaming Tokens in Web3 for 2024: Key Things to Keep an Eye on Before the End of the Year

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

Towards the end of 2024, the Web3 gaming industry is experiencing a strong surge in growth, with some tokens standing out as top performers. These tokens are not only leading the way in advancing blockchain gaming technology but are also attracting the interest of investors seeking lucrative prospects.

Floki Inu (FLOKI) is a cryptocurrency that initially began as a meme token but is now expanding its presence in the Web3 gaming industry. It has been incorporated into Valhalla, a virtual world where users can utilize and acquire 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 function is being developed that will give FLOKI holders the ability to have a say in the game's direction moving forward.

By 2024, Floki Inu has shown strong performance, with significant growth over the past 30 days and year. The circulating market cap of FLOKI is currently at $1.33 billion, and it is gaining popularity as more people join the Valhalla community.

Immutable X is a platform built on zk-rollups to address Ethereum's scalability issue, specifically for gaming NFTs. It enables gas-free minting and trading of NFTs, making it an ideal choice for blockchain games. Projects like Gods Unchained and Guild of Guardians have been drawn to Immutable X due to its high efficiency.

Developers and gamers prefer Immutable X due to its free transactions and quick scalability. It uses the 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 an online gaming platform that utilizes Web3 technology, allowing players to have genuine ownership of in-game items and a voice in governing the ecosystem. Gala recently shared that their tap-for-rewards games on Telegram have reached over 3 million users, leading up to the introduction of their new token, $TREZ.

Gala relies on the GALA token for all interactions 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 increasing rapidly, particularly on platforms such as Telegram that are easily accessible to a wider audience. Gala currently has a market capitalization of $730 million and is gaining popularity at a fast pace.

XAI blockchain and token are receiving attention from those interested in Web3 gaming for their emphasis on creating intricate, high-quality games and their strategy for scalability. XAI operates as a Layer-3 blockchain built on Arbitrum, a Layer-2 solution on Ethereum. This combination enhances security from Ethereum and scalability from Arbitrum, with an added gaming-focused layer.

XAI is emerging as a significant player in the Web3 gaming industry with a market capitalization of $139.67 million. The platform is focusing on providing both performance and security in the gaming realm, 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 sector. It offers a play-to-earn system that has gained significant popularity, particularly because of its connection to a popular game on Telegram where players can earn Notcoins by tapping on their screens. This straightforward and innovative approach has attracted millions of users and has been proposed as a potential way for Telegram to generate revenue from its platform.

Although Notcoin's value decreased in the past few months, it has been showing signs of improvement recently, with its value increasing in the last month. Additionally, Notcoin works well with Telegram and TON infrastructure, making it likely to continue being an important player in the GameFi token ecosystem.

In conclusion, the gaming sector of Web3 is continuously evolving, with tokens like Floki Inu, Immutable X, Gala, XAI, and Notcoin leading the way. These tokens serve specific purposes such as enabling in-game economies, facilitating active governance, and promoting decentralized ownership of assets.

The tokens used in Web3 Gaming are seen as the future of blockchain gaming, but it is important to understand that the market for these tokens can be very unpredictable. It is advised for readers to conduct their own research before deciding to invest in them.

Writer

Jason Newey is an experienced journalist who focuses on NFTs, the Metaverse, and Web3 technologies. He has knowledge in digital media and blockchain technology, allowing him to explain difficult ideas in interesting and informative articles.

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Some suggested articles you may find interesting include a guide on making money from Web3 games and a list of popular Web3 gaming tokens to keep an eye on in 2024. Additionally, there are stories on earning rewards after an airdrop and various ways to generate passive income through cryptocurrency in 2024. It is important to note that the information provided 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 necessarily reflect the official stance of NFT News Today.

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