Top Web3 Gaming Tokens to Keep an Eye on by the End of 2024
The world of gaming is changing with the rise of blockchain and Web3 technology, which are revolutionizing how games are played. Tokens are becoming increasingly popular in these ecosystems because of their effectiveness and usefulness. These tokens serve as the backbone of in-game economies, providing players with rewards, decision-making power, and the opportunity to have real ownership over their virtual assets.
Towards the end of 2024, the Web3 gaming industry is experiencing a surge in growth, with specific tokens standing out as successful assets. These tokens are not only pushing forward advancements in blockchain gaming but are also attracting investors seeking potential opportunities.
1. Floki Inu (FLOKI) is a cryptocurrency that initially began as a joke but is now aiming to establish itself as a player in the Web3 gaming industry. It has been incorporated into Valhalla, a virtual world where individuals can use FLOKI tokens for various activities.
The process involves Valhalla users participating in battles and completing 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, a governance feature is being developed that will give FLOKI holders the ability to have a say in the direction of the game's development.
By 2024, Floki Inu has performed strongly, showing significant growth over the past 30 days and one year. With a circulating market cap of $1.33 billion, FLOKI is gaining popularity as more people join the Valhalla community.
Immutable X is a platform that addresses Ethereum's scalability issue, specifically focusing on gaming NFTs. By utilizing zk-rollups technology, the platform enables minting and trading of NFTs without gas fees, making it an ideal choice for blockchain games. Due to its high level of efficiency, Immutable X has successfully drawn in gaming projects such as Gods Unchained and Guild of Guardians.
Developers and gamers prefer Immutable X because of its free transactions and ability to quickly scale. The IMX token is used for governance and staking on the platform. With a market cap of $2.3 billion, Immutable X is expected to see 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, where users can earn rewards by tapping, have reached over 3 million users. This milestone comes before the release of their new token, $TREZ.
Gala utilizes the GALA token for all activities within their games, making it essential for players who wish to engage with Gala's gaming ecosystem. The popularity of Web3 gaming appears to be increasing rapidly, particularly on platforms such as Telegram, which are more user-friendly for a wider audience. Gala has a market capitalization of $730 million and is gaining popularity at a fast pace.
XAI blockchain and token are being closely monitored by many in the Web3 gaming community because of their emphasis on advanced, 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 ensures Ethereum's security, Arbitrum's scalability, and a unique gaming-focused layer.
XAI is emerging as a significant presence in the Web3 gaming industry with a market capitalization of $139.67 million. The platform aims to establish itself in the gaming market by providing both performance and security, which are essential for top-notch gaming experiences.
Notcoin (NTC) is a digital currency that operates within The Open Network (TON) ecosystem and focuses 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 where users can earn Notcoins by tapping on their screens. This simple and innovative earning method has attracted millions of users and has been proposed as a potential way for Telegram to generate revenue from its platform.
The value of Notcoin may have decreased in the past few months, but it has started to show signs of improvement recently, with its value increasing over the last month. Additionally, Notcoin has a strong integration with Telegram and TON infrastructure, making it likely to continue being an important player 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 different purposes such as facilitating in-game economies, enabling active governance, and supporting decentralized ownership of assets.
The Web3 Gaming tokens are seen as the future of blockchain gaming, but it's important to remember that the market can change quickly. It's recommended that individuals conduct their own research before making any investments in this space.
Jason Newey is an experienced journalist who focuses on NFTs, the Metaverse, and Web3 technologies. His expertise lies in digital media and blockchain technology, allowing him to effectively communicate intricate ideas through compelling and educational articles.
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