Exciting Gaming Tokens in the World of Web3 for 2024: Things to Keep an Eye on Before the Year is Over
As blockchain and Web3 technology keep changing the gaming world, tokens are becoming more popular for their effectiveness and usefulness in decentralized systems. These tokens are essential for in-game economies, providing rewards, governance, and the opportunity for players to have true ownership of their digital assets.
The year 2024 is ending with a lot of momentum in the Web3 gaming industry, as some tokens are standing out as successful investments. These tokens are not only pushing forward advancements in blockchain gaming, but are also attracting interest from investors seeking promising chances for growth.
1. Floki Inu (FLOKI)
Originally created as a meme token, Floki Inu is now moving towards establishing itself as a player in the Web3 gaming industry. It has been included in Valhalla, a virtual world where users have the opportunity to earn and use FLOKI tokens.
In Valhalla, players can participate in battles and complete tasks within the game to earn FLOKI tokens. These tokens can be used to purchase in-game weapons, armor, and NFTs that act as assets in Valhalla. Additionally, there is a governance aspect 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 performed strongly, showing significant growth over the past 30 days and year. With a current market cap of $1.33 billion, FLOKI is increasingly popular as more people join the Valhalla community.
Immutable X is a solution to Ethereum's scalability issue, focusing on gaming NFTs. The platform, utilizing zk-rollups, enables the minting and trading 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 platform utilizes the IMX token for governance and staking. With a market cap of $2.3 billion, Immutable X is poised for potential 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 virtual assets within the game and a voice in the platform's governance. Gala recently shared that their reward-based games on Telegram have reached over 3 million users, just before the introduction of their new token, $TREZ.
Gala's games require the use of the GALA token for in-game activities, making it essential for players. The popularity of Web3 gaming is on the rise, particularly on platforms like Telegram that are easily accessible to a wider audience. Gala has a market capitalization of $730 million and is gaining popularity quickly.
The XAI blockchain and token are highly regarded in the Web3 gaming community for their emphasis on intricate, top-notch games and their strategy for scalability. XAI operates as a Layer-3 blockchain built on top of Arbitrum, a Layer-2 solution on Ethereum. By integrating Ethereum's security with Arbitrum's scalability and introducing a specialized layer for gaming, XAI aims to provide a unique gaming experience.
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 top-notch performance and security in the gaming market, which are essential elements for a high-quality gaming experience.
Notcoin (NTC) is a type of digital currency that operates within The Open Network (TON) ecosystem and is focused on the GameFi industry. It offers a play-to-earn model that has gained significant popularity, particularly because of its connection to a popular game on Telegram that allows players to earn Notcoins by tapping on their screens. This easy and innovative method has attracted millions of users to the currency and has even been proposed as a means for Telegram to generate revenue from its platform.
Although Notcoin's value decreased in the past few months, it has recently started to recover and has been increasing in value over 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 summary, 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 future of blockchain gaming lies in Web3 Gaming tokens, but it's important to remember that market conditions can change rapidly. It is recommended for readers to conduct their own research before making any investments.
Writer
Jason Newey is an experienced writer who focuses on NFTs, the Metaverse, and Web3 technologies. He has a digital media and blockchain technology background, allowing him to explain difficult ideas in interesting and informative ways through his articles.
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