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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

Exciting Gaming Tokens to Keep an Eye on Before 2024 Ends

With the evolution of blockchain and Web3 technology in the gaming industry, tokens are becoming more popular for their effectiveness and usefulness in decentralized systems. These tokens play a crucial role in in-game economies, providing rewards, governance, and empowering players to have true ownership over their digital assets.

At the end of 2024, the Web3 gaming industry is experiencing a notable increase in activity, with specific tokens standing out as successful investments. These tokens are not only pushing advancements in blockchain gaming but are also attracting interest from investors seeking potential growth opportunities.

1. Floki Inu (FLOKI) originally began as a meme token but is now aiming to establish a presence in the Web3 gaming industry. The token is now part of Valhalla, a virtual world where users can use and earn FLOKI tokens.

This is how Valhalla operates: Players can participate in battles and complete different tasks within the game to earn FLOKI. They can use this currency to purchase in-game weapons, armor, and NFTs that represent assets in Valhalla. Additionally, there is a governance aspect being developed that will enable FLOKI holders to have a say in shaping the game's direction.

By 2024, Floki Inu has experienced strong performance, showing significant growth over the past 30 days and year. The circulating market capitalization of FLOKI is $1.33 billion, and more people are becoming interested in Valhalla as the cryptocurrency gains popularity.

Immutable X (IMX) is a solution to Ethereum's scalability issue, specifically focusing on gaming NFTs. This platform, utilizing zk-rollups, enables the minting and trading of NFTs without gas fees, making it ideal for blockchain games. Immutable X's effectiveness 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 quick scalability. It uses the IMX token for governance and staking. With a market cap of $2.3 billion, Immutable X could be a promising investment for growth in 2024 as more games become 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 a voice in the platform's governance. The company recently shared that their games on Telegram, where users can earn rewards by tapping, have attracted over 3 million users. This achievement comes before the launch of their new token, $TREZ.

Gala relies on the GALA token for all activities within their games, making it essential for players who want to engage with Gala's gaming experiences. The popularity of Web3 gaming is increasing rapidly, particularly on platforms like Telegram that appeal to a wider audience. Gala has a market capitalization of $730 million and is gaining popularity at a fast pace.

XAI is a blockchain and token that is getting attention from those interested in Web3 gaming because of their emphasis on intricate and high-quality games, as well as their approach to scalability. XAI operates on a Layer-3 blockchain built on top of Arbitrum, a Layer-2 solution on Ethereum. This setup combines Ethereum's security with Arbitrum's scalability, and includes a specialized layer designed specifically for gaming.

XAI is establishing itself as a prominent player in the Web3 gaming industry with a market capitalization of $139.67 million. The platform aims to provide both performance and security in the gaming realm, which are essential for delivering 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 utilizes a play-to-earn approach that has gained significant popularity, especially because of its connection to a popular game on Telegram where players can earn Notcoins by simply tapping on their devices. This currency has attracted a large number of users with its straightforward and innovative system, and there have been discussions about using it as a way for Telegram to generate revenue from its platform.

Although Notcoin experienced a decrease in value in recent months, it has started to show signs of improvement by increasing in value over the past month. In addition, Notcoin's compatibility with Telegram and TON infrastructure ensures its continued importance within 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 specific purposes, such as enabling in-game economies, facilitating 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 rapidly. Before investing, it is crucial for readers to conduct their own research and understand the risks involved.

Writer

Jason Newey is an experienced writer who focuses on NFTs, the Metaverse, and Web3 technologies. He has a strong foundation in digital media and blockchain technology, allowing him to simplify intricate ideas into interesting and educational pieces.

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