Exciting Web3 Gaming Tokens to Keep an Eye on in 2024: Key Things to Look Out for Before the End of the Year
As blockchain and Web3 technology reshape the gaming industry, tokens are becoming more popular for their effectiveness and usefulness in decentralized environments. These tokens play a crucial role in game economies by providing rewards, governing systems, and enabling players to have full ownership of their digital assets.
Towards the end of 2024, there is a noticeable increase in activity within the Web3 gaming industry, with specific tokens showing strong performance. These tokens are not only spurring advancements in blockchain gaming but are also attracting investors seeking lucrative prospects.
Floki Inu (FLOKI) began as a meme token but is now striving to become a prominent player in the Web3 gaming industry. It has been incorporated into Valhalla, a virtual world where users can utilize FLOKI tokens for earning and spending.
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 weapons, armor, and NFTs that represent assets in Valhalla. Additionally, a governance feature is being developed that will give FLOKI holders the ability to have a say in the game's future direction.
By 2024, Floki Inu has performed strongly, experiencing significant growth over the past 30 days and 1 year. With a circulating market capitalization of $1.33 billion, FLOKI is gaining popularity as more people join the Valhalla community.
Immutable X (IMX) is a solution to Ethereum's scalability issue, specifically for gaming NFTs. This platform, utilizing zk-rollups technology, enables NFT minting and trading without gas fees, making it ideal for blockchain games. Due to its efficiency, Immutable X has gained interest from gaming projects such as Gods Unchained and Guild of Guardians.
Immutable X is a popular choice for developers and gamers due to its zero-fee transactions and fast scalability. It uses 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 operates on Web3 technology. It allows players to have actual ownership of assets within the games they play and a voice in the governance of the ecosystem. Gala recently shared that their games on Telegram, where users can earn rewards by tapping, have reached over 3 million players. This milestone comes 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 looking to engage with Gala's gaming offerings. The interest in Web3 gaming is increasing rapidly, 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 fast pace.
The XAI blockchain and token are receiving attention from those interested in Web3 gaming for their emphasis on advanced and high-quality games and their unique approach to scalability. XAI is built on Arbitrum, a Layer-2 solution on Ethereum, to combine Ethereum's security with Arbitrum's scalability, with a specialized layer designed specifically for gaming.
XAI is emerging as a significant presence in the Web3 gaming industry with 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 aspects for top-tier gaming experiences.
5. Notcoin (NTC) is a type of digital currency that operates within The Open Network (TON) ecosystem and is focused on the GameFi sector. It utilizes a play-to-earn model 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 currency has attracted millions of users with its straightforward and innovative approach, and there have been discussions about using it as a means for Telegram to generate revenue.
Although Notcoin's value decreased in recent months, it has started to show signs of improvement by increasing in value in the past month. Additionally, Notcoin's compatibility with Telegram and TON infrastructure ensures its position as an important player in the GameFi token ecosystem.
In summary, the gaming sector of Web3 is continuously evolving, with various tokens like Floki Inu, Immutable X, Gala, XAI, and Notcoin leading the way. Each token serves a unique purpose, such as facilitating in-game economies, enabling active governance, or supporting decentralized ownership of assets.
The tokens used in Web3 Gaming are seen as the future of blockchain gaming, but it's important to understand that market conditions can change rapidly. It's recommended that individuals conduct their own research before deciding to invest in these tokens.
Jason Newey is an experienced journalist who focuses on NFTs, the Metaverse, and Web3 technologies. He has expertise in digital media and blockchain technology, allowing him to effectively communicate complicated ideas in his engaging and informative articles.
See all of the
Possible Articles of Interest
Tips on Making Money with Web3 Games: A Comprehensive Guide to Earning
Popular Web3 Gaming Tokens to Keep an Eye on in 2024: Recommendations Before the End of the Year
Share This Content
Additional Articles
Earning Rewards with Rocky Rabbit Following the Airdrop
Eight Effective Methods to Generate Passive Income with Cryptocurrency in 2024
The content shared 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 align with the official stance of NFT News Today.
Sign up for our newsletter to stay updated!
