The SAND price surged to an all-time high, as The Sandbox announced the highly anticipated Metaverse Play-to-earn event after four years of relentless growth.
Animoca Brands’ digital asset and games company, The Sandbox, opened the Metaverse to players for the first time through its multi-week Alpha Play-to-earn (P2E) event. However, only a few lucky players can enjoy the full experience.
Sandbox’s digital gaming world allows users to monetize their time in the Metaverse through a Play-to-earn model. Players can buy land and generate NFTs in the game, and earn Sandbox tokens (SAND) by completing various tasks and also staking tokens.
According to the company’s November 17 announcement, the event will start on November 29 at 8 p.m. KST and will run until December 20. A select group of just 5000 users will have the chance to earn up to 1,000 SAND (worth around $3,500 at current prices) and three exclusive NFTs over time across 18 experiences developed by The Sandbox team.
Three exclusive NFTs will only be available during the event, depicting a medieval portal, a blue and black dragon, along with a longsword. All are usable in the Sandbox Metaverse.
Alpha Pass is an NFT ticket that grants full access to the event to 5000 individuals. Of which 1000 will be drawn for Sandbox Owners and another 2,250 will be given to Sandbox account holders through daily social contests over a three week period. These golden tickets will also be sold on OpenSea’s secondary platform from November 29 to December 19.
Cardless players will be able to access three experiences and Alpha Hub, a multiplayer gameplay mode with multiple locations and missions, but they won’t be eligible for the P2E rewards.
According to data from OpenSea, the price floor for NFT Sandboxes sits at around 1,019 ETH or around $4,284 at press time. Total trading volume is 39,700 ETH or about $165.3 million as of late 2019.
For new users looking to get into the game, Yat Siu (Co-Founder and President of Animoca Brands) said that everyone should take their time to experience the Sandbox carefully before claiming the land. digital:
I would recommend to those who want to experience it. You just have to go places, experience them, join the community on Discord and chat. See all of it before you dive into buying land as you should know, it’s like buying real estate anywhere in the world.
Earlier this month, The Sandbox closed a $92 million Series B funding round led by SoftBank Vision Fund 2. The company said that the project has been in development for four years and will launch Metaverse in phases. Future. According to the report, the funding will go toward scaling The Sandbox through the development of new games and live experiences, while also seeking additional partnerships with brands and resources. popular intellectual property.
According to data from Coingecko, the SAND price hit a new all-time high of $3.42 earlier today. SAND has spiked in 2021, reaching 8663.5% over the past 12 months.
Source: Brian Quarmby – Cointelegraph.