Top Web3 Gaming Tokens to Keep an Eye on Before 2024 Ends
With the ongoing evolution of blockchain and Web3 technology in the gaming industry, tokens are becoming increasingly popular for their effectiveness and usefulness within decentralized ecosystems. These tokens play a crucial role in in-game economies, providing rewards, governance, and empowering players to have true ownership over their digital assets.
Towards the end of 2024, the Web3 gaming industry is experiencing a notable increase in activity, with specific tokens standing out as successful assets. These tokens are not only fueling advancements in blockchain gaming, but are also attracting the interest of investors seeking lucrative prospects.
1. Floki Inu (FLOKI) is a cryptocurrency that originated as a meme token but is now aiming to establish itself as a player in the Web3 gaming industry. It has been included in Valhalla, a virtual world where individuals can use and acquire FLOKI tokens.
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. 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 experienced significant growth, with noticeable increases in value over the past 30 days and year. With a circulating market capitalization of $1.33 billion, FLOKI is increasingly popular as more people join the Valhalla community.
Immutable X (IMX) is addressing Ethereum's issue with scalability, particularly for gaming non-fungible tokens (NFTs). Using zk-rollups technology, the platform enables NFT minting and trading without gas fees, making it an ideal choice for blockchain games. Its efficiency has attracted gaming projects such as Gods Unchained and Guild of Guardians.
Developers and gamers prefer Immutable X due to its free transactions and fast scalability. The IMX token is used for governance and staking on the platform. With a market cap of $2.3 billion, Immutable X is poised for 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 their in-game assets and have a voice in the governance of the platform. Gala recently shared that its games on Telegram, where users can earn rewards by tapping, have attracted over 3 million users. This growth comes just before the launch of its new token, $TREZ.
Gala relies on the GALA token for all activities within their games, making it a crucial element for anyone looking to participate in Gala's gaming experiences. The popularity of Web3 gaming is rapidly increasing, 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.
The XAI blockchain and token are being closely monitored by many in the Web3 gaming community because of their emphasis on creating 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 combination allows XAI to leverage Ethereum's security, Arbitrum's scalability, and a specialized gaming layer for optimal performance in the gaming industry.
XAI is emerging as a contender in the Web3 gaming industry with a market capitalization of $139.67 million. The platform is establishing itself in the gaming market by prioritizing both performance and security, which are essential elements for top-quality gaming experiences.
Notcoin (NTC) is a type of digital currency that operates within The Open Network (TON) ecosystem and is focused on the GameFi sector. It offers a play-to-earn system that has gained significant popularity, particularly because of its connection to a popular game on Telegram where players can earn Notcoins by simply tapping on their screens. This unique approach has attracted millions of users and has even been proposed as a potential revenue stream for Telegram.
Despite experiencing a decrease in value in recent months, Notcoin 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 makes it a significant player in 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. Each of these tokens serves a unique purpose, such as enabling in-game economies, facilitating active governance, or promoting decentralized ownership of assets.
Although Web3 Gaming tokens are seen as the future of blockchain gaming, it is important to understand that market conditions can change rapidly. It is recommended that readers conduct their own research before making any investments in this space.
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 that are both engaging and informative.
Browse through all the
Recommended Articles
A comprehensive guide on how to make money from Web3 games
Keep an eye on the trending Web3 gaming tokens for 2024
Share this article with others
Additional Stories
Learn how to earn rewards from Rocky Rabbit after the airdrop
Discover 8 ways to generate passive income through cryptocurrency in 2024
The content 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 represent the official stance of NFT News Today.
Get updates by signing up for our newsletter!
