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Top Web3 Gaming Tokens to Watch as 2024 Comes to a Close: A Comprehensive Overview

  • October 10, 2024
  • 5 min read

Top Web3 Gaming Tokens to Keep an Eye on Before the End of 2024

Tokens in the gaming industry are becoming increasingly popular as blockchain and Web3 technology revolutionize the way games are played. These tokens play a crucial role in in-game economies by providing rewards, governance, and giving players full ownership of their digital assets.

As the year 2024 nears its end, the Web3 gaming industry is gaining traction, with specific tokens standing out as top performers. These tokens are not only spurring advancements in blockchain gaming but are also attracting interest from investors seeking lucrative prospects.

1. Floki Inu (FLOKI)

Originally created as a meme token, Floki Inu is now looking to establish itself as a significant player in the Web3 gaming industry. It has been incorporated into Valhalla, a virtual world where users can utilize FLOKI tokens for various activities.

In Valhalla, users can participate in battles and complete in-game tasks to earn FLOKI. This token can be used to purchase weapons, armor, and NFTs within the game. Additionally, a governance feature is being developed to give FLOKI holders a say in the game's direction.

By 2024, Floki Inu has experienced significant growth in value over the past 30 days and year. With a market cap of $1.33 billion, FLOKI is becoming more popular as more people join the Valhalla community.

Immutable X (IMX) is a solution to Ethereum's scalability issue, particularly for gaming NFTs. This platform, utilizing zk-rollups technology, enables the creation and trading of NFTs without gas fees, making it an ideal choice for blockchain games. Its efficiency has attracted gaming projects such as Gods Unchained and Guild of Guardians.

Immutable X is a popular option for developers and gamers due to its fee-free transactions and fast scalability. It uses the IMX token for governance and staking. With a market cap of $2.3 billion, Immutable X is poised for potential growth in 2024 as more games become part of its ecosystem.

Gala Games is a platform for Web3 gaming where players have actual ownership of in-game items and can participate in decision-making about how the ecosystem is managed. Gala recently shared that their tap-for-rewards games on Telegram have attracted over 3 million users, just before the launch of their new token, $TREZ.

Gala relies on the GALA token for all activities within their 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 are more widely accessible to the general public. Gala has a market capitalization of $730 million and is quickly gaining popularity.

XAI is a blockchain and token that is being closely monitored by those interested in Web3 gaming because of its emphasis on intricate, top-notch games and its innovative approach to scalability. XAI operates as a Layer-3 blockchain built on top of Arbitrum, a Layer-2 solution on Ethereum. This combination merges Ethereum's security with Arbitrum's scalability, with an additional layer designed specifically for gaming purposes.

XAI is emerging as a significant presence in the Web3 gaming industry with a market capitalization of $139.67 million. The platform is aiming to establish itself in the gaming market by providing both high performance and security, which are essential components for top-tier gaming experiences.

Notcoin (NTC) is a type of digital currency that operates on The Open Network (TON) platform and is focused on the GameFi industry. It utilizes a play-to-earn concept that has gained significant popularity, particularly because of its connection to a popular game on Telegram where players can earn Notcoins by tapping on their devices. This straightforward and innovative approach has attracted millions of users to the currency, and there have been suggestions that it could be a method for Telegram to generate revenue from its platform.

Although Notcoin's value has decreased in the past few months, it has started to show signs of improvement recently and has been increasing in value over the last month. Additionally, Notcoin has strong integration with Telegram and TON infrastructure, making it a significant 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 specific purposes, such as facilitating in-game economies, enabling active governance, and supporting decentralized ownership of assets.

The tokens used in Web3 Gaming are seen as the future of blockchain gaming, but it's important to understand that the market for these tokens can be unpredictable. It's advised for readers to conduct their own research before making any investments.

Jason Newey is an experienced journalist who focuses on writing about NFTs, the Metaverse, and Web3 technologies. He has a strong knowledge of digital media and blockchain technology, allowing him to effectively explain complicated ideas in his articles in a way that is easy to understand and engaging for readers.

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Please note that the content on this blog is intended 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 may not represent the official stance of NFT News Today.

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