Animoca-branded gaming and virtual property company The Sandbox is unveiling its Metavers for players for the first time through a Multi-Week Play to Earn (P2E) alpha event.
But only a few lucky players will be able to enjoy the whole experience.
Sandbox’s virtual gaming world allows users to monetize the time spent in Metavers using the “Play to Earn” (P2E) model. Players can purchase land and create non-flammable tokens (NFT) within the game and obtain sandbox tokens (SAND) by completing various missions. They can also speculate on tokens.
The event will begin at 10:00 a.m. ET on November 29 and run through December 20, according to a company announcement on Wednesday. Only a select group of 5,000 users will have the opportunity to win three exclusive NFTs through 1,000 SANDs (about 500 3,500 at current prices) and time spent on 18 experiments developed by The Sandbox teams.
Get ready for Sandbox Alpha!
Released November 29.
Anyone can try Alpha Hub and three experiments.
5,000 Alpha Passes giving access to content, NFT and 1,000 SAND!
Get all the details below https://t.co/63iAl5MMmS pic.twitter.com/OiXmbAWYN2
– The Sandbox (@TheSandboxGame) November 16, 2021
Three special NFTs will only be available during the event. They will depict medieval-style gates, a blue and black dragon, and the Long Word, all of which are usable in The Sandbox metaverse.
Alpha Pass has an NFT ticket that gives 5,000 people full access to the event. One thousand sandbox landlords are ready to sweep, and another 2,250 sandbox will be given to account holders through daily competitions over a period of three weeks. The gold tickets will also go on sale at the OpenSea secondary market between November 29 and December 19.
Without the pass, players will be able to access three experiences and Alpha Hub, a multiplayer game mode that includes various locations and missions, but they will not be eligible for P2E rewards.
According to OpenSea data, the minimum price of Sandbox NFTs is approximately 1,019 Ether (ETH), which at the time of writing is 4,284. Total trading volume by the end of 2019 is 39,700 ETH ($ 165.3 million).
For new users looking to jump into the virtual game, Yat Seo, co-founder and president of Animoka Brands, told Cointelegraph that people should take the time to test the sandbox carefully before snatching the tokenized land:
“I would recommend it to people who want to experience, want to visit places, want to experience them, want to join the Discord community, want to talk to them. Before buying land. See what it’s all about, because, you know, it’s like buying a property anywhere in the world. “
“I mean, you don’t just go to New York and say, ‘I’ll take it,'” he added.
Earlier this month, The Sandbox closed the B 93 million Series B funding round led by SoftBank Vision Fund 2. The company said the project has been in development for four years and will launch its Metavers in “Phases and Stages” from here. Funding will reportedly go toward expanding The Sandbox by developing new games and live experiences and seeking additional partnerships with well-known brands and intellectual property.
The SAND hit a new high of 4 3.42 on Tuesday, according to CoinGecko. The SAND has a climatic increase in 2021, an increase of 8,663.5% over the last 12 months.
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