Top Gaming Tokens in 2024: Things to Keep an Eye on Before the End of the Year
With the rise of blockchain and Web3 technology, gaming tokens are becoming increasingly popular for their role in decentralized ecosystems. These tokens are crucial for in-game economies, providing rewards, governance, and allowing players to have true ownership of their digital assets.
As we near the end of 2024, there is a noticeable increase in activity within the Web3 gaming industry, with specific tokens gaining popularity as successful assets. These tokens are not only pushing forward advancements in gaming on the blockchain, but are also attracting the interest of investors seeking lucrative prospects.
Floki Inu, originally a meme token, is now moving towards establishing itself as a player in the Web3 gaming industry. It has been incorporated into Valhalla, a virtual world where users can use and earn FLOKI tokens.
In 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 items such as weapons, armor, and NFTs representing Valhalla assets. Additionally, a governance feature is being developed that will give FLOKI holders the ability to have a say in the direction of the game's future development.
By 2024, Floki Inu has experienced significant growth, with impressive gains over the past 30 days and year. The circulating market cap of $1.33 billion shows that FLOKI is becoming more popular as more people join Valhalla.
1. Immutable X (IMX) is a solution to Ethereum's scalability issue, particularly for gaming NFTs. This platform, utilizing zk-rollups technology, enables the creation and exchange of NFTs without gas fees, making it ideal for blockchain games. Due to its effectiveness, Immutable X has drawn in gaming projects such as Gods Unchained and Guild of Guardians.
Developers and gamers prefer Immutable X due to its zero-fee transactions and fast scalability. The IMX token is used for governance and staking on the platform. 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.
3. Gala (GALA)
Gala Games is a platform for online gaming that utilizes Web3 technology, allowing players to have actual ownership of virtual assets within the games and a voice in the decision-making process for the platform. Gala recently shared that their games on Telegram, where users can earn rewards by participating, have reached over 3 million users, just before the introduction of their new cryptocurrency token, $TREZ.
Gala utilizes the GALA token for all activities within its games, creating a requirement for individuals interested in engaging with Gala's gaming experiences. The interest in 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.
4. XAI (XAI)
The XAI blockchain and token are being closely monitored by many interested in Web3 gaming because they prioritize intricate, top-notch games and scalability. XAI is a Layer-3 blockchain built on Arbitrum, a Layer-2 solution on Ethereum. This combination merges Ethereum's security with Arbitrum's scalability, and includes a specialized layer designed specifically for gaming.
XAI is entering the Web3 gaming industry and currently has a market capitalization of $139.67 million. The platform aims to establish itself in the gaming market by providing both high performance and security, which are essential for top-tier gaming experiences.
Notcoin (NTC) is a digital currency that operates within The Open Network (TON) ecosystem and focuses on the GameFi industry. It utilizes 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 innovative method has attracted millions of users and has even been proposed as a potential way for Telegram to generate revenue.
Although Notcoin's value declined 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 valuable asset in the GameFi token ecosystem.
In the conclusion, it can be seen that the gaming sector of Web3 is continually 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 supporting decentralized ownership of assets in the gaming world.
The tokens used in Web3 Gaming are seen as the future of blockchain gaming, but it's important to understand that market conditions can be unpredictable. It is recommended 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 knowledge of digital media and blockchain technology, allowing him to effectively communicate intricate ideas through interesting and informative articles.
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