Top Web3 Gaming Tokens to Keep an Eye on Before the End of 2024
With the advancements in blockchain and Web3 technology, gaming tokens are becoming more popular for their role in decentralized ecosystems. These tokens are essential for in-game economies, providing rewards, governance, and allowing players to have full ownership of their digital assets.
As we near the end of 2024, the Web3 gaming industry is experiencing a surge in growth, with specific tokens standing out as successful. These tokens are not only leading the way in innovative blockchain gaming but are also attracting investors seeking potential opportunities.
1. Floki Inu (FLOKI) is a cryptocurrency that originated as a meme token and is now expanding its presence in the Web3 gaming industry. It has been incorporated into Valhalla, a virtual world where individuals can use FLOKI tokens for various activities.
The process is as follows: Valhalla players can engage in fights and complete different tasks within the game to earn FLOKI. They can use this token to purchase items like weapons and armor in the game, as well as NFTs that represent assets in Valhalla. Additionally, a governance feature is being worked on that would give FLOKI holders the ability to impact the game's direction in the future.
By 2024, Floki Inu has experienced significant growth, with notable increases in value over the past 30 days and year. The circulating market cap for FLOKI is now at $1.33 billion, indicating a growing interest from investors as more people join the Valhalla community.
Immutable X (IMX) is a platform built on zk-rollups that aims to address Ethereum's scalability issues, particularly for gaming NFTs. It enables gas-free minting and trading of NFTs, making it a popular choice for blockchain-based games. Due to its efficiency, Immutable X has attracted gaming projects such as Gods Unchained and Guild of Guardians.
Developers and gamers prefer Immutable X for its zero-fee transactions and ability to quickly scale. The IMX token is used for governance and staking. With a market cap of $2.3 billion, Immutable X may see growth in 2024 as more games become part of its ecosystem.
Gala Games is a platform for online gaming that utilizes Web3 technology. It allows players to have actual ownership of in-game items and a role in determining how the platform is managed. Gala recently shared that their tap-for-rewards games on Telegram have attracted over 3 million users, just before the introduction of their new token, $TREZ.
Gala relies on the GALA token for all activities within the game, making it essential for players who want to engage with Gala's games. The popularity of Web3 gaming is increasing rapidly, particularly on platforms like Telegram that are more user-friendly for a wider audience. Gala has a market capitalization of $730 million and is gaining popularity quickly.
XAI blockchain and token are being closely monitored by many interested in Web3 gaming because of their emphasis on intricate, top-notch games and their strategy for scalability. XAI operates as a Layer-3 blockchain built on Arbitrum, a Layer-2 solution on Ethereum. This combination ensures the security of Ethereum and the scalability of Arbitrum, with an additional layer customized 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 aiming to establish itself in the gaming market by providing both high performance and security, which are essential for top-tier gaming experiences.
5. Notcoin (NTC) is a form 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 significant popularity, particularly because of its connection to a popular game on the messaging app Telegram where users can earn Notcoins by tapping on their screens. This unique feature has attracted millions of users and has been proposed as a potential revenue-generating opportunity for Telegram.
The value of Notcoin decreased in the past few months, but it has recently started to increase in value. Additionally, Notcoin works well with Telegram and TON infrastructure, ensuring its continued importance in the GameFi token ecosystem.
In conclusion, the gaming sector of Web3 is continuously evolving, with Floki Inu, Immutable X, Gala, XAI, and Notcoin making significant progress. Each of these tokens serves a specific purpose, such as enabling in-game economies, facilitating 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 remember that the market for these tokens can be unpredictable. It is recommended 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 knowledge of digital media and blockchain technology, allowing him to explain intricate ideas in a clear and interesting way through his articles.
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