Top Web3 Gaming Tokens to Keep an Eye on Before 2024 Ends
With the evolution of blockchain and Web3 technology, tokens have become increasingly popular in gaming for their role in decentralized ecosystems. These tokens serve as the basis for in-game economies, providing rewards, governance, and empowering players to have true ownership over their digital assets.
Towards the end of 2024, the Web3 gaming industry is gaining momentum, with some tokens standing out as successful assets. These tokens are not only pushing forward innovation in gaming using blockchain technology, but they are also attracting investors seeking potential opportunities.
1. Floki Inu (FLOKI) is a cryptocurrency that originally began as a meme token but is now expanding its presence in the Web3 gaming industry. The token is now part of Valhalla, a virtual world where users can use and earn FLOKI tokens.
The way it operates is as follows: Valhalla players can join battles and complete different tasks within the game to earn FLOKI. This digital currency can be used to purchase in-game weapons, armor, and NFTs that act as valuable assets in Valhalla. Additionally, a governance system is being developed that would enable FLOKI holders to have a say in the game's direction moving forward.
By 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 currently $1.33 billion, showing that more people are becoming interested in the cryptocurrency and joining the Valhalla community.
Immutable X is a solution to Ethereum's scalability issue, particularly for gaming NFTs. This platform, which uses zk-rollups, enables NFT minting and trading without gas fees, making it ideal for blockchain games. Due to its effectiveness, projects like Gods Unchained and Guild of Guardians have chosen to use Immutable X.
Developers and gamers prefer Immutable X for its fee-free transactions and ability to quickly handle increased activity. The IMX token is used for governance and staking on the platform. With a market cap of $2.3 billion, Immutable X is seen as a promising option for potential growth in 2024 as more games become part of its ecosystem.
3. Gala Games is a platform for online gaming that operates on Web3 technology, allowing players to have true ownership of in-game items and a voice in the platform's governance. Gala recently celebrated reaching over 3 million users on their tap-for-rewards games on Telegram, 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 appears to be increasing rapidly, particularly on platforms like Telegram that are more user-friendly for a wider audience. Gala has a market capitalization of $730 million and is experiencing a surge in popularity.
The XAI blockchain and token are being closely watched by many in the Web3 gaming community because of their emphasis on advanced, high-quality games and their innovative approach to scalability. XAI operates as a Layer-3 blockchain built on top of Arbitrum, a Layer-2 solution on Ethereum. This combination ensures both the security of Ethereum and the scalability of Arbitrum, with a specialized layer designed specifically for gaming.
XAI is gaining traction in the Web3 gaming industry and currently has 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-notch gaming experiences.
5. Notcoin (NTC) is a type of cryptocurrency that operates within The Open Network (TON) ecosystem and focuses on the GameFi industry. It uses a play-to-earn concept that has gained widespread popularity, especially because of its connection to a popular game on Telegram where players can earn Notcoins by interacting with their screens. This currency has attracted millions of users with its unique and easy-to-understand system, and there have been suggestions for Telegram to use it as a way to make money from their platform.
Although Notcoin's value decreased 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 makes it a significant player in the GameFi token ecosystem.
In summary, the gaming sector of Web3 is always evolving, with Floki Inu, Immutable X, Gala, XAI, and Notcoin leading the way. These tokens each serve unique 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. However, it's important to understand that the market for these tokens can change rapidly, so it's recommended that individuals 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 effectively communicate complicated ideas in his articles.
Browse through all the
Recommended Articles
Guide on Making Money from Web3 Games: A Comprehensive Money-Making Manual
Trending Web3 Gaming Tokens to Keep an Eye on Before the Year Ends
Share This Article
More Stories
Guide on Earning Rewards from the Rocky Rabbit Airdrop
Top 8 Methods to Generate Passive Income Through Cryptocurrency in 2024
The content shared 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 belong to the authors and may not necessarily represent the official stance of NFT News Today.
Sign up for our newsletter to stay updated on
