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Top Web3 Gaming Tokens to Watch Before the End of 2024: A Comprehensive Guide

  • October 9, 2024
  • 5 min read

Top Gaming Tokens in 2024: Key Things to Look Out for Before the End of the Year

With the evolution of blockchain and Web3 technology, gaming tokens are becoming increasingly popular for their effectiveness and usefulness within decentralized gaming systems. These tokens play a crucial role in in-game economies, providing rewards, governance, and empowering players to have true ownership over their digital assets.

At the end of 2024, the Web3 gaming industry is experiencing a lot of growth, with some tokens standing out as successful. These tokens are not only pushing advancements in gaming on blockchain technology, but are also drawing interest from investors seeking potential opportunities.

Floki Inu (FLOKI) was originally a meme token but is now expanding its presence in the Web3 gaming industry. It has been included in Valhalla, a virtual world where users can use FLOKI tokens for transactions.

This is how Valhalla operates: 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 representing assets in Valhalla. Additionally, a governance feature is being developed that will enable FLOKI holders to have a say in shaping the game's direction.

Floki Inu has performed strongly in 2024, experiencing significant growth over the past 30 days and year. The circulating market cap of FLOKI is currently at $1.33 billion, and more people are joining the Valhalla community as it gains popularity.

Immutable X is a platform on Ethereum that addresses the issue of scalability, particularly for gaming NFTs. It uses zk-rollups to enable minting and trading of NFTs without gas fees, making it a popular choice for blockchain games. Projects like Gods Unchained and Guild of Guardians have chosen to work with Immutable X due to its efficiency.

Developers and gamers prefer Immutable X for its fee-free transactions and ability to quickly scale. The IMX token is used for governance and staking within the platform. 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 an online gaming platform that utilizes 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 games on Telegram, where users can tap for rewards, have attracted over 3 million players. This milestone comes before the release of their new token, $TREZ.

Gala relies on the GALA token for all activities within its games, making it essential for players who want to engage with Gala's gaming offerings. The popularity of Web3 gaming is rapidly increasing, particularly on platforms like Telegram that 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 closely monitored by many in the Web3 gaming community 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 merges Ethereum's security with Arbitrum's scalability, with an additional layer tailored specifically for gaming.

XAI is emerging as a significant contender in the Web3 gaming industry with a market capitalization of $139.67 million. The platform is focusing on providing both high performance and security in the gaming space, recognizing the importance of these factors in delivering top-quality gaming experiences.

Notcoin (NTC) is a type of digital currency that operates within The Open Network (TON) ecosystem and focuses on the GameFi industry. It offers a play-to-earn model that has gained significant popularity, particularly because of its connection to a popular game on Telegram where users can earn Notcoins by simply tapping on their screens. This straightforward and innovative approach has attracted millions of users and has even been proposed as a method for Telegram to generate revenue from its platform.

While Notcoin's value may have declined in recent months, it has started to show signs of improvement by increasing in value over the past month. In addition, Notcoin is well integrated 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 Floki Inu, Immutable X, Gala, XAI, and Notcoin leading the way. These tokens serve specific purposes such as facilitating in-game economies, enabling active governance, and supporting decentralized asset ownership.

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

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 explain difficult ideas in his engaging and informative articles.

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Some suggested articles you might be interested in include a guide on making money from Web3 games and a list of upcoming Web3 gaming tokens to keep an eye on. Additionally, there are stories on earning rewards after an airdrop and different ways to generate passive income through cryptocurrency in 2024. It is important to note that the information shared on this blog is for informational purposes only and should not be considered as financial, legal, or investment advice. The views and opinions expressed in the articles belong to the authors and may not represent the official stance of NFT News Today.

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