Sandbox Metaverse Alpha launches Nov 29
Animoca Brands’ gaming firm and virtual property – The Sandbox have announced opening up part of its Metaverse for players in a first time opportunity through a multi-week play-to-earn (P2E) Alpha event where a handful of lucky players would get to enjoy the full experience.
Sandbox’s virtual gaming world lets the users monetize their total amount of time spent in the Metaverse via a play-to-earn model. Players would be able to purchase land and create NFTs within the game, other than getting to earn the Sandbox token (SAND) after completing various quests. They are also able to stake the token.
According to a November 17 announcement from the company, the Alpha event would commence on November 29 at 1 PM UTC and would be running until December 20. A selected group of only 5000 lucky users would have the chance to of earning up to 1000 SAND (estimated around $3,500 at current prices) and three exclusive NFTs through the time spent across 18 experiences developed by the virtual gaming team of The Sandbox.
However, the three exclusive NFTs would be available during the event only. They would depict a medieval-style gate with a blue and black dragon, and a longsword that is all usable only in the Sandbox Metaverse.
The Alpha Pass is an NFT ticket that would grant full access to the month-long event to only 5000 individuals. One thousand of these tickets are up for grabs in the raffle for Sandbox Landowners. Another 2250 would be given out to Sandbox account holders via daily social contests over three weeks. These golden tickets would also be on sale over OpenSea’s secondary market between November 29 and December 19.
Players without the pass would be able to access three experiences and the Alpha Hub, which is a multiplayer gaming mode featuring a range of different locations and quests. However, they would not be eligible for P2E rewards.
According to OpenSea’s data, the floor price for Sandbox NFTs currently sits at around 1.019 Ether (ETH), worth $4,284 when writing. The total trade volume stands at 39,700 ETH (worth $165.3 million) since late 2019.
For new users who are trying to enter the virtual game, Animoca Brands Chairman and Co-Founder, Yat Siu have said that the people must take sufficient time to carefully experience the Sandbox before they snap up tokenized land.
Siu has recommended people who want to experience it, to go places, experience them, and join the community on Discord. Siu continued, he wants people to “see what it’s all about before they take the plunge to buy land” because it is like buying real estate anywhere in the world.
In November beginning, The Sandbox closed a $93 million Series B funding round organized by SoftBank Vision Fund 2. The firm said that the project has been in development for four years now, and it would launch its Metaverse in “phased stages.”
The funding would reportedly go towards scaling The Sandbox through developing new games and live experiences, as well as seeking out additional partnerships with popular brands and intellectual properties.
According to Coingecko data, the price of SAND hit a new all-time high of $3.42 today. It is being seen that SAND has been on a meteoric surge in 2021, having gained 8663.5% over the past one year.
