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Top Web3 Gaming Tokens to Watch in 2024: A Look at the Hottest Performers 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 in the gaming industry, tokens are becoming increasingly popular for their effectiveness and usefulness within decentralized systems. These tokens play a crucial role in in-game economies by providing rewards, governance, and empowering players to have true ownership over their digital assets.

By the end of 2024, the Web3 gaming industry is experiencing a noticeable increase in activity, with specific tokens standing out as successful players. These tokens are not only leading the way in advancing blockchain gaming but are also attracting interest from investors seeking lucrative prospects.

Floki Inu (FLOKI) originally began as a meme token but is now expanding into the Web3 gaming industry. It has been incorporated into Valhalla, a virtual world where users can utilize FLOKI tokens for various activities.

The process is as follows: Valhalla players 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 that represent assets in Valhalla. Additionally, there is a governance aspect being worked on that would enable FLOKI holders to have a say in the game's direction moving forward.

In 2024, Floki Inu has experienced strong performance, showing significant growth over the past 30 days and year. With a circulating market cap of $1.33 billion, FLOKI is attracting more investors as interest in Valhalla grows.

Immutable X (IMX) is addressing Ethereum's issue with scalability, particularly in relation to gaming non-fungible tokens (NFTs). The platform, which utilizes zk-rollups technology, enables NFTs to be minted and traded without gas fees, making it an ideal choice for blockchain games. Due to its effectiveness, Immutable X has garnered interest from gaming projects such as Gods Unchained and Guild of Guardians.

Developers and gamers prefer Immutable X due to its feeless transactions and fast scalability. The platform utilizes the IMX token for governance and staking. With a market capitalization of $2.3 billion, Immutable X has potential for growth in 2024 as more games become part of its ecosystem.

Gala Games is a gaming platform on the Web3 that allows players to have true ownership of in-game assets and a voice in the governance of the ecosystem. Gala recently revealed that their tap-for-rewards games on Telegram have attracted over 3 million users, leading up to the release of their new token, $TREZ.

In Gala's games, the GALA token is used for every action within the game, making it essential for players who want to participate. 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.

The XAI blockchain and token are being closely monitored by many in the Web3 gaming community because of their emphasis on intricate, top-notch games and their innovative approach to scalability. XAI operates as a Layer-3 blockchain built on top of Arbitrum, a Layer-2 solution on Ethereum. This setup combines the security of Ethereum with the scalability of Arbitrum, and includes a unique layer tailored specifically for gaming.

XAI is emerging as a significant contributor in the Web3 gaming industry with a market capitalization of $139.67 million. The platform is establishing itself in the gaming market by providing not just high performance but also robust security, which are essential factors for top-notch gaming experiences.

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

Although Notcoin's value decreased in recent months, it has started to show signs of improvement by increasing in value over the past month. Additionally, Notcoin's 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. These tokens each serve 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 seen as the future of blockchain gaming, but it is important to understand that the market for these tokens can be unpredictable. It is advised for individuals 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 a strong background in digital media and blockchain technology, allowing him to effectively communicate complicated ideas through interesting and informative articles.

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The content shared on this blog is for informational purposes and should not be considered as financial, legal, or investment advice. The opinions expressed in the articles belong to the authors and may not represent the official stance of NFT News Today.

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