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Top Web3 Gaming Tokens to Keep an Eye on Before 2024 Ends: Floki Inu, Immutable X, Gala, XAI, and Notcoin

  • October 11, 2024
  • 5 min read

Top Web3 Gaming Tokens to Look Out for in 2024: Key Points to Consider Before the End of the Year

As the gaming industry evolves with the use of blockchain and Web3 technology, tokens are becoming more popular for their effectiveness and practicality within decentralized systems. These tokens play a vital role in in-game economies by providing incentives, decision-making power, and the opportunity for players to have full ownership over their virtual assets.

As we near the end of 2024, the Web3 gaming industry is gaining momentum, with specific tokens showing strong performance. These tokens are not only pushing forward advancements in blockchain gaming, but are also attracting the interest of investors seeking lucrative opportunities.

1. Floki Inu (FLOKI)

Floki Inu, originally created as a token for fun, is now moving towards establishing itself as a strong player in the Web3 gaming industry. It has become part of Valhalla, a virtual world where users can use and collect FLOKI tokens.

In Valhalla, users can engage 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 assets in Valhalla. Additionally, a governance feature is being developed that will give FLOKI holders the ability to have a say in the future of the game.

By 2024, Floki Inu has shown strong performance, with significant growth over the past 30 days and 1 year. The circulating market cap of FLOKI is currently $1.33 billion, and it is becoming increasingly popular as more people join Valhalla.

Immutable X (IMX) is a platform that is addressing Ethereum's scalability issue, particularly in the realm of gaming NFTs. By utilizing zk-rollups technology, IMX enables users to mint and trade NFTs without having to worry about gas fees. This makes it an ideal platform for blockchain-based games. Due to its high level of efficiency, Immutable X has garnered the attention of gaming projects such as Gods Unchained and Guild of Guardians.

Developers and gamers prefer Immutable X due to its free transactions and ability to scale quickly. The platform uses its IMX token for governance and staking. With a market cap of $2.3 billion, Immutable X shows potential for growth in 2024 as more games become part of its ecosystem.

Gala Games is a platform for online gaming that uses Web3 technology, allowing players to have actual ownership of assets within the game and a voice in how the platform is managed. They 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 wish to engage with Gala's gaming ecosystem. The interest in Web3 gaming is on the rise, particularly on user-friendly platforms like Telegram that appeal to a wider audience. Gala has a market capitalization of $730 million and is gaining popularity rapidly.

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, which merges Ethereum's security with Arbitrum's scalability and includes a specialized layer designed specifically 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 top-notch performance and security in the gaming realm, recognizing the importance of these factors in delivering premium gaming experiences.

Notcoin (NTC) is a type of digital currency that operates within The Open Network (TON) ecosystem and focuses on the GameFi sector. It offers a play-to-earn system that has gained significant popularity, particularly because of its connection to a popular game on Telegram where users can earn Notcoins by tapping on their screens. This straightforward and innovative approach has attracted millions of users and has been proposed as a potential way for Telegram to generate revenue from its platform.

Although Notcoin experienced a decrease in value in the past few months, it has started to show signs of improvement by increasing in value over the last month. Additionally, Notcoin's compatibility with Telegram and TON infrastructure makes it a strong contender in the GameFi token ecosystem.

In summary, the gaming sector of Web3 is continually evolving, with projects like Floki Inu, Immutable X, Gala, XAI, and Notcoin leading the way. These tokens serve specific purposes such as enabling in-game economies, facilitating active governance, and supporting decentralized ownership of assets.

The future of blockchain gaming lies in Web3 Gaming tokens, but it is important to remember that market conditions can change rapidly. It is recommended for readers to 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 knowledge of digital media and blockchain technology, allowing him to effectively communicate complex ideas through his engaging and informative articles.

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Please note that the information shared on this blog is purely for informational purposes and should not be considered as financial, legal, or investment advice. The opinions expressed in the articles belong to the authors and may not necessarily align with the official stance of NFT News Today.

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