Top Web3 Gaming Tokens in 2024: Key Things to Keep an Eye on Before the End of the Year
As blockchain and Web3 technology change the gaming landscape, tokens are becoming more popular for their effectiveness and usefulness in decentralized systems. These tokens serve as the basis for in-game economies, providing rewards, governance, and empowering players to have true ownership over their digital assets.
At the end of 2024, there is a notable increase in activity in the Web3 gaming industry, with specific tokens standing out as successful. These tokens are leading the way in advancing blockchain gaming and are attracting interest from investors seeking lucrative prospects.
1. A cryptocurrency called Floki Inu, originally created as a joke token, is now aiming to establish itself in the Web3 gaming industry. It has been incorporated into Valhalla, a virtual world where people can use FLOKI tokens for various purposes.
In Valhalla, players can join battles and complete tasks to earn FLOKI tokens. These tokens can be used to purchase in-game weapons, armor, and NFTs. Additionally, a governance feature is being developed that will give FLOKI holders a say in the game's direction.
By 2024, Floki Inu has achieved success, experiencing significant growth over the past 30 days and year. With a circulating market cap of $1.33 billion, FLOKI is becoming more popular as more people join the Valhalla community.
Immutable X (IMX) is a platform that is addressing Ethereum's scalability issue, particularly for gaming NFTs. By utilizing zk-rollups technology, IMX enables minting and trading of NFTs without gas fees, making it an ideal choice for blockchain games. Its efficiency has drawn in gaming projects such as Gods Unchained and Guild of Guardians.
Immutable X is a popular option for developers and gamers due to its zero-fee transactions and fast scalability. The platform uses its IMX token to support governance and staking. With a market cap of $2.3 billion, Immutable X could see growth in 2024 as more games become part of its ecosystem.
Gala Games is a platform for online gaming that operates on the Web3 framework. It allows players to have actual ownership of virtual assets within games and a voice in the governance of the platform. Gala recently shared that their games on Telegram, which offer rewards for tapping, have attracted over 3 million users. This milestone comes before the introduction of their new token, $TREZ.
Gala relies on the GALA token for all activities within their games, making it essential for players who want to engage with Gala's gaming experiences. The popularity of Web3 gaming is increasing rapidly, particularly on platforms like Telegram, which appeal 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 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. This combination ensures Ethereum's security and Arbitrum's scalability, with an additional layer designed specifically for gaming.
XAI is making a name for itself in the Web3 gaming industry and currently has a market capitalization of $139.67 million. The platform aims to establish a presence in the gaming market by providing not just high performance but also top-notch security, both of which are essential for delivering premium gaming experiences.
5. Notcoin (NTC) is a digital currency that operates within The Open Network (TON) ecosystem and focuses on the GameFi industry. It has a play-to-earn system that has gained significant popularity, especially because of its connection to a popular game on Telegram where users can earn Notcoins by tapping on their screens. This currency has attracted millions of users with its easy and unique earning method, and there have been suggestions for Telegram to use it as a way to generate revenue.
Although Notcoin's value decreased in the past few months, it has started to show signs of improvement recently, with its value increasing over the past month. Additionally, Notcoin has a seamless integration with Telegram and TON infrastructure, ensuring its continued importance in the GameFi token ecosystem.
In summary, the gaming sector of Web3 is always evolving, with 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 considered to be the future of blockchain gaming. However, it is important to understand that the market for these tokens can be unpredictable, so it is advised for readers to 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 foundation in digital media and blockchain technology, allowing him to effectively communicate intricate ideas through compelling and educational articles.
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Please note that the content provided on this blog is for informational purposes only and should not be taken as financial, legal, or investment advice. The opinions expressed in the articles are those of the authors and do not necessarily represent the official stance of NFT News Today.
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