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Top Web3 Gaming Tokens to Watch in 2024: A Comprehensive Guide Before the Year Ends

  • October 10, 2024
  • 5 min read

Top Web3 Gaming Tokens to Keep an Eye on Before 2024 Ends

With the ongoing evolution of blockchain and Web3 technology, tokens are becoming increasingly popular for their effectiveness and usefulness within decentralized gaming systems. These tokens serve as the backbone of in-game economies, providing rewards, governance, and empowering players to have full ownership of their digital assets.

As we approach the end of 2024, the Web3 gaming industry is experiencing a noticeable increase in activity, with specific cryptocurrencies standing out as successful assets. These digital tokens are not only pushing advancements in blockchain gaming but are also attracting investors seeking lucrative prospects.

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

This is the process: Valhalla players can join battles and complete different tasks within the game to earn FLOKI. They can use this token to purchase in-game weapons, armor, and NFTs that represent Valhalla assets. Additionally, a governance feature is being developed that will give FLOKI holders the ability to impact the game's direction in the future.

By 2024, Floki Inu has experienced strong performance, with significant growth over the past 30 days and year. The circulating market cap of FLOKI is now $1.33 billion, showing that more people are becoming interested in Valhalla.

Immutable X is a solution for Ethereum's scalability issue, particularly focusing on gaming NFTs. By utilizing zk-rollups technology, this platform enables minting and trading of NFTs without gas fees, which is beneficial for blockchain games. Due to its effectiveness, Immutable X has gained the attention of gaming projects such as Gods Unchained and Guild of Guardians.

Developers and gamers prefer Immutable X because of its no-fee transactions and ability to scale quickly. The platform uses the IMX token for governance and staking. With a market cap of $2.3 billion, Immutable X is expected to continue growing 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 role in deciding how the platform is managed. Gala recently shared that their tap-for-rewards 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.

XAI is a blockchain and token that is closely monitored by many in the Web3 gaming community because of its emphasis on intricate, top-notch games and its strategy for scalability. It 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 gaming-specific layer.

XAI is entering the Web3 gaming industry and has a market value of $139.67 million. The platform is focusing on providing both performance and security in the gaming realm, which are essential for top-tier gaming experiences.

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

Although Notcoin's value decreased in the past few months, it has started to recover recently and has been increasing in value over the last month. Additionally, Notcoin works well with Telegram and TON infrastructure, ensuring its position as an important 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 driving progress. These tokens each serve a specific purpose, such as facilitating in-game economies, enabling active governance, or promoting decentralized ownership of assets.

The tokens used in Web3 Gaming are seen as the future of blockchain gaming, but it is important to understand that market conditions can change rapidly. 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 expertise in digital media and blockchain technology, allowing him to explain intricate ideas in a way that is both interesting and informative through his articles.

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Please note that the content on this platform is meant for informational purposes only and should not be taken as financial, legal, or investment advice. The opinions expressed in the articles belong to the writers and may not necessarily align with the official stance of NFT News Today.

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