Exciting Gaming Tokens in Web3 for 2024: Key Things to Keep an Eye On Before the Year Concludes
With the advancement of blockchain and Web3 technology, tokens are becoming more popular for their effectiveness and usefulness in decentralized gaming environments. These tokens play a crucial role in in-game economies by providing rewards, governance, and enabling players to have genuine ownership of their digital assets.
At the end of 2024, the Web3 gaming industry is experiencing a lot of growth, with specific tokens standing out as successful performers. These tokens are not only pushing forward advancements in gaming on blockchain technology, but they are also catching the interest of investors seeking promising chances for investment.
Floki Inu, originally a meme token, is now becoming 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, players can participate in battles and complete different 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, there is a governance system being worked on that will give FLOKI holders the ability to have a say in the game's direction going forward.
By 2024, Floki Inu has shown strong performance, with significant growth over the past 30 days and year. The circulating market cap of FLOKI is currently $1.33 billion, and the cryptocurrency is gaining popularity as more people join the Valhalla community.
Immutable X is a platform that aims to address Ethereum's scalability issues, particularly in the realm of gaming NFTs. By utilizing zk-rollups technology, Immutable X enables gas-free minting and trading of NFTs, making it an ideal solution for blockchain-based games. Its efficiency has drawn in gaming projects such as Gods Unchained and Guild of Guardians.
Immutable X is a popular choice for developers and gamers due to its fast transactions and scalability, all without any fees. The platform uses its IMX token for governance and staking. With a market cap of $2.3 billion, Immutable X may be a promising investment for future growth as more games become part of its ecosystem by 2024.
Gala Games is a platform for online gaming that utilizes Web3 technology. This platform allows players to have true ownership of in-game assets and a voice in the governance of the ecosystem. Gala recently shared that their tap-for-rewards games on Telegram have attracted over 3 million users, just 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 who want to engage with Gala's gaming experience. The popularity of Web3 gaming appears to be increasing rapidly, particularly on platforms like Telegram, which are more user-friendly for a wider audience. Gala has a market capitalization of $730 million and is gaining popularity quickly.
The XAI blockchain and token are closely monitored by many in the Web3 gaming community because of 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. This setup combines Ethereum's security features with Arbitrum's scalability, while also incorporating a unique layer designed specifically for gaming purposes.
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 high performance and strong security measures in the gaming realm, recognizing the importance of these factors in delivering top-quality gaming experiences.
Notcoin (NTC) is a digital currency that operates within The Open Network (TON) ecosystem and focuses on the GameFi industry. It uses a play-to-earn model that has gained widespread popularity, especially because of its connection to a popular game on Telegram where users can earn Notcoins by tapping on their screens. This straightforward and innovative method has attracted millions of users and has been proposed as a potential 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. Additionally, Notcoin's compatibility with Telegram and TON infrastructure ensures its position as an important player in the GameFi token ecosystem.
In conclusion, the gaming sector of Web3 is always evolving, with Floki Inu, Immutable X, Gala, XAI, and Notcoin leading the way. These tokens each serve a unique purpose, such as facilitating in-game economies, empowering active governance, or promoting decentralized ownership of assets.
The tokens in Web3 Gaming are seen as the future of blockchain gaming, but it's important to understand that the market can be very unpredictable. It is advised for readers to conduct their own research before making any investments.
Writer
Jason Newey is an experienced journalist who focuses on NFTs, the Metaverse, and Web3 technologies. He has a digital media and blockchain technology background, allowing him to effectively explain complicated ideas in his engaging and informative articles.
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