Top Web3 Gaming Tokens to Keep an Eye on in 2024: Key Things to Consider Before the End of the Year
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, providing incentives, governance, and empowering players to have true ownership over their virtual 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 options. These tokens are not only fueling advancements in gaming on the blockchain, but they are also attracting interest from investors seeking lucrative prospects.
1. Floki Inu (FLOKI) is a cryptocurrency that originally began as a joke but is now expanding into the world of Web3 gaming. It has been included in Valhalla, a virtual universe where people can use and earn FLOKI tokens.
Valhalla users can engage in battles and complete in-game tasks to earn FLOKI tokens. These tokens can be used to purchase items like weapons, armor, and NFTs within the game. Additionally, a governance feature is being developed that would give FLOKI holders a say in shaping the game's direction.
By 2024, Floki Inu has experienced significant growth, with impressive gains over the past 30 days and year. With a circulating market capitalization of $1.33 billion, FLOKI is becoming increasingly popular as more people join the Valhalla community.
Immutable X (IMX) is a solution to Ethereum's scalability issue, focused on gaming NFTs. It operates on zk-rollups, enabling gas-free creation and trading of NFTs, making it ideal for blockchain games. Its efficiency has drawn in gaming projects such as Gods Unchained and Guild of Guardians.
Immutable X is popular among developers and gamers due to its zero-fee transactions and quick scalability. The platform utilizes its IMX token for governance and staking. With a market cap of $2.3 billion, Immutable X is seen as a promising option for potential growth in 2024 as it continues to attract more games to 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 decision-making within the ecosystem. The platform recently shared that its games on Telegram, which offer rewards for tapping, have attracted over 3 million users. Gala is also preparing to launch a new token called $TREZ.
Gala relies on the use of the GALA token for all activities within its games, making it essential for players who wish to engage with Gala's gaming platform. The popularity of Web3 gaming appears to be 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.
4. XAI (XAI)
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 using Arbitrum, a Layer-2 solution on Ethereum, which merges Ethereum's security with Arbitrum's scalability and includes a unique layer tailored for gaming.
XAI is establishing itself as a significant presence in the Web3 gaming industry with a market capitalization of $139.67 million. The platform aims to provide both high performance and security to enhance the overall gaming experience, recognizing the importance of these aspects in top-tier gaming.
5. 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 a lot of popularity, particularly because of its link to a popular game on Telegram where players can earn Notcoins by tapping on their screens. This currency has attracted millions of users with its straightforward and unique method, and there have been suggestions that it could be a way for Telegram to make money 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 seamless integration with Telegram and TON infrastructure ensures its position as an important player in the GameFi token ecosystem.
In summary, the gaming sector of Web3 is continuously evolving, with Floki Inu, Immutable X, Gala, XAI, and Notcoin leading the way. These tokens each serve 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 quickly. It is recommended that readers conduct their own research before making any investment decisions.
Jason Newey is an experienced journalist who focuses on NFTs, the Metaverse, and Web3 technologies. He has a strong foundation in digital media and blockchain technology, allowing him to simplify complicated ideas and create compelling and educational articles.
See all blog entries
Potential Articles to Read
A Comprehensive Guide on How to Make Money from Web3 Games
Trending Web3 Gaming Tokens to Keep an Eye on Before 2024 Ends
Share This Blog Post
More Interesting Articles
Earning Rewards from Rocky Rabbit Post Airdrop
Different Ways to Generate Passive Income with 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 align with NFT News Today's official stance.
Sign up for our newsletter to receive updates and