Exciting Web3 Gaming Tokens for 2024: Key Points to Keep an Eye on Before the End of the Year
As blockchain and Web3 technology transform the gaming industry, tokens are becoming increasingly popular for their effectiveness and usefulness in decentralized systems. These tokens play a crucial role in in-game economies by providing rewards, governance, and allowing players to have full ownership over their digital assets.
Towards the end of 2024, the Web3 gaming industry is experiencing a notable surge, with specific tokens standing out as successful assets. These tokens are not only leading advancements in blockchain gaming but are also attracting interest from investors seeking hopeful prospects.
1. Floki Inu (FLOKI) is a cryptocurrency that began as a joke token but is now making progress in the Web3 gaming industry. It has been included in Valhalla, a virtual world where people can use and earn FLOKI tokens.
In Valhalla, users can participate in battles and complete 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 enable FLOKI holders to have a say in the game's direction and future development.
By 2024, Floki Inu has experienced significant growth, showing impressive gains in both the past 30 days and the last year. With a market cap of $1.33 billion, FLOKI is attracting more investors as Valhalla gains popularity.
Immutable X (IMX) is addressing Ethereum's scalability issue, focusing on gaming NFTs. This platform, using zk-rollups, enables gas-free creation and exchange of NFTs, making it a prime choice for blockchain games. Its effectiveness has drawn in gaming ventures such as Gods Unchained and Guild of Guardians.
Developers and gamers prefer using Immutable X because it offers free transactions and can scale quickly. 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 part of its ecosystem.
Gala Games is a platform for online gaming that operates on Web3 technology. It allows players to have actual ownership of in-game items 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 utilizes the GALA token for all activities within their games, making it essential for players looking to engage with Gala's gaming experiences. The popularity of Web3 gaming is increasing rapidly, particularly on platforms like Telegram that are easily accessible to a wide 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 Web3 gaming community for its emphasis on advanced and high-quality games, as well as its scalable approach. XAI operates as a Layer-3 blockchain built on top of Arbitrum, a Layer-2 solution on Ethereum. This combination ensures the security of Ethereum while also providing the scalability of Arbitrum, with a specialized layer specifically designed for gaming.
XAI is emerging as a key player in the Web3 gaming industry with a market capitalization of $139.67 million. The platform aims to provide both performance and security in the gaming sector, which are essential for delivering top-notch gaming experiences.
Notcoin (NTC) is a type of digital currency that operates within The Open Network (TON) system and is focused on the GameFi industry. It offers a play-to-earn feature that has gained significant popularity, particularly because of its connection to a popular game on Telegram that allows players to earn Notcoins by tapping on their screens. This straightforward and innovative method has attracted millions of users and has 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 started to show signs of improvement, with its value increasing over the past month. Its compatibility with Telegram and TON infrastructure makes it a significant player 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. Each of these tokens serves a specific purpose, such as facilitating in-game economies, enabling active governance, or supporting 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 is unpredictable and can change rapidly. 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 engaging and informative articles.
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Please note that the information shared on this blog is intended for informational purposes only and should not be considered as financial, legal, or investment advice. The opinions and viewpoints expressed in the articles belong to the authors and may not represent the official stance of NFT News Today.
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