Top Gaming Tokens in 2024: Things to Keep an Eye on 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 play a crucial role in in-game economies by providing rewards, governance, and empowering players to have full ownership over their digital assets.
The Web3 gaming industry is gaining momentum as 2024 ends, with some tokens standing out as successful. These tokens are not only leading advancements in blockchain gaming, but are also attracting investors seeking promising prospects.
1. Floki Inu (FLOKI)
Originally a meme token, Floki Inu is now expanding its presence in the Web3 gaming industry. The token is now part of Valhalla, a virtual world where users can use and earn FLOKI tokens.
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 represent assets in Valhalla. Additionally, there is a governance feature being developed that will give FLOKI holders the opportunity to have a say in the game's direction moving forward.
By 2024, Floki Inu has experienced significant growth, with notable increases in value over the past 30 days and year. The circulating market cap of FLOKI is currently $1.33 billion, indicating that more people are becoming interested in the cryptocurrency known as Valhalla.
Immutable X is a solution to Ethereum's scalability issue, specifically for gaming NFTs. It uses zk-rollups to enable gas-free minting and trading of NFTs, making it an ideal platform for blockchain games. Due to its efficiency, Immutable X has drawn in gaming projects such as Gods Unchained and Guild of Guardians.
Developers and gamers prefer Immutable X for its fee-less transactions and quick scalability. The IMX token is used for governance and staking on the platform. With a market cap of $2.3 billion, Immutable X is positioned for potential growth in 2024 as more games become a part of its ecosystem.
Gala Games is a platform for online gaming that utilizes Web3 technology to allow players to have actual ownership of in-game assets and a voice in the governance of the ecosystem. They recently shared that their games on Telegram, where users can tap for rewards, have reached over 3 million users. This achievement comes as they prepare to introduce 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 popularity of Web3 gaming is increasing rapidly, particularly on platforms like Telegram that appeal to a broader audience. Gala has a market capitalization of $730 million and is gaining popularity quickly.
XAI is a blockchain and token that is gaining attention in the world of Web3 gaming for their emphasis on creating intricate and high-quality games that can scale effectively. XAI operates as a Layer-3 blockchain built on top of Arbitrum, a Layer-2 solution on Ethereum. By leveraging Ethereum's security and Arbitrum's scalability, XAI has developed a specialized layer dedicated to gaming.
XAI is starting to become a prominent figure in the Web3 gaming industry with a market cap of $139.67 million. The platform is establishing itself in the gaming market by providing both high performance and security, which are essential for top-tier gaming experiences.
Notcoin (NTC) is a digital currency that operates within The Open Network (TON) ecosystem and focuses 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 Telegram where users can earn Notcoins by tapping on their screens. This straightforward and unique feature has attracted millions of users and has even been proposed as a potential way for Telegram to generate revenue from its platform.
Despite experiencing a decrease in value in recent months, Notcoin has recently started to show signs of improvement by increasing in value over the past month. Additionally, Notcoin has a strong integration with Telegram and TON infrastructure, solidifying its position as an important player in the GameFi token ecosystem.
In summary, the gaming sector of Web3 is consistently evolving, with various tokens like Floki Inu, Immutable X, Gala, XAI, and Notcoin leading the way. These tokens serve different purposes such as enabling in-game economies, facilitating active governance, and promoting decentralized ownership of assets.
The tokens used in Web3 Gaming 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 that readers 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 background in digital media and blockchain technology, allowing him to effectively communicate complicated ideas in his articles.
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