In 2024, there are some popular gaming tokens in the Web3 space that are worth keeping an eye on before the year comes to a close. With the advancements in blockchain and Web3 technology, tokens are becoming more popular for their effectiveness and usefulness in decentralized gaming systems. These tokens play a key role in in-game economies by providing rewards, governance, and allowing players to have true ownership of their digital assets.
In the year 2024, the Web3 gaming industry is experiencing a notable increase in activity, with specific tokens standing out as successful investments. These tokens are not only pushing forward advancements in blockchain gaming, but are also attracting the interest of investors seeking lucrative prospects.
1. Floki Inu (FLOKI) is a cryptocurrency that began as a meme token but is now expanding into the Web3 gaming industry. It has been included in Valhalla, a virtual world where individuals can use and earn FLOKI tokens.
The way it operates is that Valhalla users can join battles and complete different tasks within the game to earn FLOKI. They can use this token to purchase in-game weapons and armor, as well as NFTs that represent Valhalla assets. Additionally, there is a governance component being developed that would give FLOKI holders a say in the game's direction.
By 2024, Floki Inu has experienced impressive growth, with significant increases in value over the past 30 days and year. The circulating market cap for FLOKI is now $1.33 billion, showing that more people are becoming interested in the cryptocurrency known as Valhalla.
Immutable X (IMX) is a solution to Ethereum's scalability issue, particularly for gaming non-fungible tokens (NFTs). This platform, which uses zk-rollups, enables minting and trading of NFTs without requiring gas fees, making it an ideal choice for blockchain games. Due to its effectiveness, Immutable X 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 free transactions and quick scalability. The platform utilizes the IMX token for governance and staking. With a market cap of $2.3 billion, Immutable X is poised for growth in 2024 as it continues to attract more games to its ecosystem.
3. Gala (GALA)
Gala Games is an online gaming platform that operates on Web3 technology, allowing players to have actual ownership of in-game items and a voice in the platform's governance. Gala recently shared that their reward-based games on Telegram have attracted over 3 million users, just before the introduction of their new token, $TREZ.
Gala's games require the use of the GALA token for all in-game activities, making it essential for players. The popularity of Web3 gaming is increasing rapidly, particularly on platforms like Telegram, which are more user-friendly for a wider audience. Gala has a market capitalization of $730 million and is gaining popularity quickly.
The XAI blockchain and token are attracting attention in the Web3 gaming community because of their emphasis on creating intricate and high-quality games and their unique approach to scalability. XAI is built on top of Arbitrum, a Layer-2 solution on Ethereum, to combine the security of Ethereum with the scalability of Arbitrum, with a specialized layer designed specifically for gaming.
XAI is emerging as a notable presence in the Web3 gaming industry with a market capitalization of $139.67 million. The platform is carving out a niche in the gaming market by prioritizing both performance and security, which are essential for delivering top-notch gaming experiences.
Notcoin (NTC) is a type of cryptocurrency that is part of The Open Network (TON) ecosystem and is focused on the GameFi sector. It has a play-to-earn system that has gained a lot of popularity, particularly because of its connection to a popular game on Telegram where players can earn Notcoins by tapping their screens. This currency has attracted millions of users with its straightforward and unique approach, and there are even suggestions for Telegram to use it as a way to make money from their platform.
Although Notcoin's value decreased in recent months, there are indications of a recovery as it has been increasing in value over the past month. In addition, Notcoin's compatibility with Telegram and TON infrastructure ensures its position as an important player in the GameFi token ecosystem.
In summary, the gaming sector of Web3 is always evolving, with projects like Floki Inu, Immutable X, Gala, XAI, and Notcoin leading the way. These tokens each serve a specific purpose, such as facilitating in-game economies, enabling active governance, or promoting decentralized ownership of assets.
The tokens in Web3 Gaming are seen as the future of blockchain gaming, but it's important to remember that the market can be unpredictable. It's 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 knowledge of digital media and blockchain technology, allowing him to effectively communicate complicated ideas in his interesting and informative articles.
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