Top Web3 Gaming Tokens to Keep an Eye on in 2024: Things to Look Out for 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 ecosystems. These tokens serve as the basis for in-game economies, providing incentives, decision-making power, and enabling players to have full ownership of their virtual assets.
As we near the end of 2024, the Web3 gaming industry is experiencing a notable increase in activity, with specific tokens standing out as top performers. These tokens are not only leading the way in advancing blockchain gaming but are also attracting interest from investors seeking lucrative prospects.
1. Floki Inu (FLOKI)
Originally a meme token, Floki Inu is now positioning itself as a strong player in the Web3 gaming industry. It has been included in Valhalla, a virtual world where individuals can use FLOKI tokens for various activities.
In 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 are considered valuable assets in Valhalla. Additionally, there is an upcoming governance feature that will give FLOKI holders a say in shaping the game's direction in the future.
Floki Inu has experienced significant growth in 2024, with impressive gains over the past 30 days and year. The circulating market cap of Floki Inu is reported to be $1.33 billion, indicating increasing interest in the cryptocurrency as more people join the Valhalla community.
Immutable X (IMX) is a platform that is addressing Ethereum's scalability issues, specifically for gaming non-fungible tokens (NFTs). Utilizing zk-rollups technology, Immutable X enables users to mint and trade NFTs without incurring gas fees, making it an ideal platform for blockchain-based gaming. Due to its high level of efficiency, Immutable X has gained attention from gaming projects such as Gods Unchained and Guild of Guardians.
Developers and gamers prefer Immutable X due to its zero-fee transactions and ability to scale quickly. The platform utilizes the IMX token for governance and staking. With a market cap of $2.3 billion, Immutable X is poised for growth in 2024 as more games are added to its ecosystem.
Gala Games is an online gaming platform that operates on Web3 technology, allowing players to have true ownership of their in-game assets and a voice in the platform's governance. The company recently shared that their tap-for-rewards games on Telegram have reached over 3 million users, just before the release 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 interest in Web3 gaming appears to be increasing rapidly, particularly on platforms like Telegram that cater to a wider audience. Gala has a market capitalization of $730 million and is gaining popularity at a fast pace.
XAI blockchain and token are receiving attention from many Web3 gaming enthusiasts for their emphasis on advanced, 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 merges Ethereum's security with Arbitrum's scalability, and includes a specialized layer designed specifically for gaming applications.
XAI is emerging as a significant presence in the Web3 gaming industry with a market capitalization of $139.67 million. The platform is establishing itself in the gaming market by focusing on providing both high performance and security, which are essential elements for top-tier 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 has 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 interacting with their screens. This unique method has attracted millions of users and has even been proposed as a potential revenue source for Telegram.
While 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 compatibility with Telegram and TON infrastructure makes it a significant player in the GameFi token ecosystem.
In conclusion, the gaming sector of Web3 is continuously evolving, with tokens like Floki Inu, Immutable X, Gala, XAI, and Notcoin leading the way. These tokens each serve unique purposes, such as facilitating in-game economies, enabling active governance, and promoting decentralized ownership of assets.
Although Web3 Gaming tokens are considered to be the future of blockchain gaming, it is important to understand that market conditions can change rapidly. It is advised for readers to 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 effectively communicate intricate ideas through compelling and educational articles.
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Potential articles that may interest you include a guide on how to make money from Web3 games and a list of popular Web3 gaming tokens to keep an eye on in 2024. You can also find other stories such as tips on earning rewards from a Rocky Rabbit airdrop and different ways to generate passive income through cryptocurrency in 2024. Please note that the information provided 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 necessarily represent the official stance of NFT News Today.
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