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Top Web3 Gaming Tokens to Keep an Eye on Before 2024 Ends: A Guide for Investors and Gamers

  • October 11, 2024
  • 5 min read

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 systems. These tokens play a crucial role in in-game economies by providing rewards, governance, and enabling players to have full ownership of their digital assets.

As we near the end of 2024, the Web3 gaming industry is gaining traction, with specific tokens standing out as successful choices. These tokens are leading the way in revolutionizing blockchain gaming and are attracting interest from investors searching for potential growth opportunities.

1. Floki Inu (FLOKI) is a token that began as a meme and is now aiming to establish a presence in the Web3 gaming industry. It has been incorporated into Valhalla, a virtual world where individuals can utilize FLOKI tokens for earning and spending purposes.

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, a governance feature is being developed that will give FLOKI holders a say in the game's direction moving forward.

By 2024, Floki Inu has shown strong performance, experiencing significant growth over the past 30 days and year. With a circulating market capitalization of $1.33 billion, FLOKI is attracting more attention as more people join the Valhalla community.

Immutable X is a solution to Ethereum's scalability issue, specifically for gaming NFTs. It is a platform that uses zk-rollups to enable minting and trading of NFTs without gas fees, making it ideal for blockchain games. Its efficiency has led to the adoption of gaming projects such as Gods Unchained and Guild of Guardians.

Immutable X is a popular option for developers and gamers due to its ability to process transactions without fees and scale quickly. The platform uses the IMX token for governance and staking. With a market capitalization of $2.3 billion, Immutable X has the potential 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, allowing players to have actual ownership of in-game items and a voice in the platform's governance. Gala recently shared that their tap-for-rewards games on Telegram have reached over 3 million users, just before the launch 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 ecosystem. The popularity of Web3 gaming is increasing rapidly, particularly on platforms like Telegram that are easily accessible 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 gaining attention in the Web3 gaming community for their emphasis on sophisticated, 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 setup merges Ethereum's security features with Arbitrum's scalability capabilities, with an additional gaming-focused layer.

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 performance and security in the gaming realm, recognizing the importance of these aspects 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 feature that has gained significant popularity, particularly because of its connection to a popular game on Telegram where players can earn Notcoins by tapping on their screens. This straightforward and innovative approach has attracted millions of users and has even been proposed as a potential revenue stream for Telegram.

Although Notcoin experienced a decrease in value in recent months, it has started to show signs of improvement and has seen an increase 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 summary, the gaming sector within Web3 is continuously evolving, with tokens like Floki Inu, Immutable X, Gala, XAI, and Notcoin driving progress. These tokens serve specific purposes such as enabling in-game economies, facilitating active governance, and promoting decentralized ownership of assets.

The future of blockchain gaming is being shaped by Web3 Gaming tokens, but it is important to understand that the market for these tokens can be unpredictable. It is recommended that individuals 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 complicated ideas in his articles.

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The content on this blog is meant for information 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 necessarily represent the official stance of NFT News Today.

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