Top Web3 Gaming Tokens to Keep an Eye on by the End of 2024
With the evolution of blockchain and Web3 technology, gaming tokens are becoming increasingly popular for their effectiveness and usefulness in decentralized systems. These tokens serve as the basis for in-game economies, providing incentives, decision-making power, and empowering players to have full ownership of their virtual assets.
As we approach the end of 2024, the Web3 gaming industry is experiencing a notable increase in activity, with specific tokens standing out as top performers. These tokens are not only fueling advancements in blockchain gaming, but are also attracting interest from investors seeking profitable prospects.
1. Floki Inu (FLOKI)
Originally a meme token, Floki Inu is now expanding into the Web3 gaming industry. It has been incorporated into Valhalla, a virtual world where users can use FLOKI tokens for various activities.
In Valhalla, users can participate in battles and complete in-game tasks to earn FLOKI tokens. These tokens can be used to purchase weapons, armor, and NFTs within the game. Additionally, there is a governance feature being developed that will give FLOKI holders a say in the game's direction.
By 2024, Floki Inu has experienced significant growth, with impressive gains over the past 30 days and year. The circulating market cap of FLOKI is now at $1.33 billion, indicating that more people are showing interest in the cryptocurrency and joining the Valhalla community.
Immutable X (IMX) is a platform that aims to address Ethereum's scalability issues, particularly for gaming NFTs. By utilizing zk-rollups, IMX enables gas-free minting and trading of NFTs, making it a favorable choice for blockchain-based games. Its efficiency has drawn in popular gaming projects such as Gods Unchained and Guild of Guardians.
Developers and gamers prefer Immutable X because it offers fee-free transactions and the ability to scale quickly. The platform uses its IMX token for governance and staking. With a market cap of $2.3 billion, Immutable X is expected to see growth in 2024 as more games become part of its ecosystem.
Gala Games is a platform for online gaming that utilizes Web3 technology to grant players actual ownership of in-game items 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 users. This milestone comes before the introduction 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 ecosystem. The popularity of 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 becoming increasingly popular.
4. XAI (XAI)
Many people interested in Web3 gaming are keeping an eye on the XAI blockchain and token because they prioritize intricate, high-quality games and have a scalable approach. XAI is built on the Arbitrum Layer-2 solution on Ethereum, enhancing Ethereum's security and Arbitrum's scalability with a unique gaming-focused layer.
XAI is emerging as a significant player in the Web3 gaming industry, with a market capitalization of $139.67 million. The platform is focusing on providing both high performance and security in the gaming realm, essential elements for top-notch 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 widespread popularity, particularly because of its connection to a popular game on Telegram where users can earn Notcoins by interacting with their screens. This currency has attracted a large number of users with its easy and innovative approach, and there have been suggestions for Telegram to use it as a way to generate revenue from its platform.
Although Notcoin's value decreased in recent months, there have been signs of improvement as it has increased in value over the past month. Additionally, Notcoin's compatibility with Telegram and TON infrastructure solidifies its position as an important player in the GameFi token ecosystem.
In conclusion, the gaming sector of Web3 is continuously evolving, with Floki Inu, Immutable X, Gala, XAI, and Notcoin leading the way. Each of these tokens serves a specific 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 remember that market conditions can change rapidly. It's advised for readers to 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 complex ideas in his articles.
See all of the
Recommended Articles
A Comprehensive Guide on Making Money from Web3 Games
Top Web3 Gaming Tokens to Keep an Eye on in 2024
Share This Post
More Articles
Earning Rocky Rabbit Rewards Post Airdrop: A How-To Guide
Ways to Generate Passive Income with Cryptocurrency in 2024
The content on this blog is meant for informational purposes and should not be considered as financial, legal, or investment advice. The opinions expressed in the articles are those of the writers and may not represent the official stance of NFT News Today.
Sign up for our newsletter to receive updates and
