Exciting Gaming Tokens in Web3 for 2024: Key Things to Keep an Eye on Before the Year is Over
With the advancement of blockchain and Web3 technology, tokens are becoming increasingly popular in gaming for their effectiveness and usefulness in decentralized systems. These tokens play a vital role in in-game economies, providing benefits, control, and the opportunity for players to have full ownership of their virtual assets.
As we near the end of 2024, the Web3 gaming industry is experiencing a noticeable increase in growth, with specific tokens standing out as successful. These tokens are not only pushing advancements in gaming using blockchain technology, but are also drawing interest from investors seeking lucrative prospects.
1. Floki Inu (FLOKI) is a cryptocurrency that initially began as a joke token but is now making progress in the world of Web3 gaming. It has been incorporated into Valhalla, a virtual world where individuals can use and collect FLOKI tokens.
Valhalla users 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 Valhalla assets. Additionally, there is a governance feature in progress that will give FLOKI holders a say in shaping the game's direction.
By 2024, Floki Inu has shown strong performance, with significant growth over the past 30 days and year. With a circulating market cap of $1.33 billion, FLOKI is becoming more popular as more people join the Valhalla community.
Immutable X is a solution to Ethereum's scalability issue, specifically focused on 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 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 fee-less transactions and quick scalability. The platform enables governance and staking through its IMX token. With a market cap of $2.3 billion, Immutable X is positioned for potential growth in 2024 as more games become part of its ecosystem.
Gala Games is a platform for online gaming that operates on the Web3 technology, allowing players to have actual ownership of in-game items and a voice in the platform's governance. Gala recently revealed that their games on Telegram, which offer rewards for tapping, have gained over 3 million users. This milestone comes before the release of their new token, $TREZ.
Gala utilizes the GALA token for all activities within their games, making it essential for players who wish to engage with Gala's gaming offerings. The popularity of Web3 gaming is increasing rapidly, particularly on platforms like Telegram that are easily accessible to a wider audience. Gala currently 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 interested in Web3 gaming because of their emphasis on creating intricate, top-notch games and their unique approach to scalability. XAI operates as a Layer-3 blockchain built on top of Arbitrum, a Layer-2 solution on Ethereum. This combination leverages Ethereum's security and Arbitrum's scalability, with an additional layer tailored specifically for gaming.
XAI is emerging as a key player in the Web3 gaming industry with a market capitalization of $139.67 million. The platform is focusing on providing both performance and security in the gaming space, which are essential factors for top-notch gaming experiences.
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 system that has gained widespread popularity, particularly because of its integration with a popular game on Telegram where players can earn Notcoins by simply tapping on their screens. This unique feature has attracted millions of users and has even been proposed as a potential revenue source for Telegram.
Although Notcoin has experienced a decrease in value in recent months, it has started to show signs of improvement and has been increasing in value over the past month. Additionally, Notcoin works well with Telegram and TON infrastructure, ensuring its continued importance in the GameFi token ecosystem.
In summary, 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, enabling active governance, or promoting decentralized ownership of assets.
The Web3 Gaming tokens are seen as the future of blockchain gaming, but it is important to understand that the market for these tokens can be unpredictable. It is recommended for readers to conduct their own research before making any investments in this space.
Writer
Jason Newey is an experienced journalist who focuses on NFTs, the Metaverse, and Web3 technologies. He has a background in digital media and blockchain technology, allowing him to effectively explain complicated ideas in his interesting and informative articles.
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