The price of SAND tokens has soared to a new all-time high as The Sandbox announces its highly anticipated play-to-earn metaverse event.
Only 5000 players can experience it
Gaming company The Sandbox is opening up a portion of its Metaverse to players for the first time through a play-to-earn (P2E) Alpha event.
The Sandbox virtual game world allows users to monetize their time spent in the Metaverse through a play-to-earn model. Players can purchase land and create NFTs in the game, and earn the Sandbox Token (SAND) by completing various missions.
According to a company announcement, it will begin event on November 29 and lasts until December 20. A select group of just 5000 users will get the chance to earn up to 1,000 SAND. This is about $3,500 at current prices. They can also earn three exclusive NFTs through time spent on 18 experiences developed by The Sandbox teams.
Get ready for The Sandbox Alpha!
📅 Launching November 29th
🌍 Anyone can experience the Alpha hub and three experiences
🔷 5,000 Alpha passes giving access to content, NFT, and 1,000 SAND!Get all the details belowhttps://t.co/63iAl5MMmS pic.twitter.com/OiXmbAWYN2
— The Sandbox (@TheSandboxGame) Nov 16, 2021
The three exclusive NFTs are only available during the event. They’re medieval-style gates, a blue and black dragon, and a longsword all of which are usable in the Sandbox Metaverse.
The Alpha Pass is an NFT ticket that gives 5000 people full access to the event. 1000 are up for grabs in the raffle for Sandbox Landowners. 2,250 tickets will be distributed to Sandbox account holders through daily contests over a three-week period. These gold tickets will also be on sale on OpenSea’s secondary market between November 29 and December 19.
Players without the pass will have access to three experiences and the Alpha Hub. This is a multiplayer game mode with a series of locations and quests. However, they are not eligible for P2E rewards.
According to data from OpenSea, the bottom price for Sandbox NFTs at the time of writing is around 1 Ethereum token worth $4,280.
Don’t just buy a virtual estate
For new users who are about to
“I would recommend people who want to experience it to just go to the places, experience them, join the community on Discord and chat with them. See what it’s all about before taking the plunge to buy land. Because you know, it’s like buying real estate in the real world.”
“I mean, you don’t just fly to New York and say, ‘I’ll buy that,'” he added.
Early this month, The Sandbox closed a $93 million Series B financing round led by SoftBank Vision Fund 2. The company stated that the project had been in the pipeline for four years. development is and will launch its Metaverse in “phased phases”. Funding will reportedly go toward scaling The Sandbox through developing new games and live experiences and seeking additional partnerships with popular brands and intellectual properties.
The Sandbox price is up more than 36 percent today to $3.47. This makes SAND the best performing crypto currency today.