Sandbox, a blockchain-based virtual world allowing users to create, build, buy, and sell digital assets in the form of a game and also the creators of the SAND token, is opening up part of its metaverse after four years of development, to players for the first time, via a multi-week, play-to-earn (P2E), Alpha event called The Sandbox Alpha.
The Sandbox Alpha will be starting on the 29th of November 2021 and will run until December 20. Players will have the opportunity to explore the Sandbox Metaverse for the first time, ‘through 18 experiences created by the Sandbox’s teams.’
To do so, players will need an ‘Alpha Pass,’ which according to the announcement, is an NFT ticket that will allow players to completely explore the 18 experiences of the event and give them the opportunity to earn up to 1,000 SAND tokens and three exclusive NFT rewards.
What You Should Know
Sandbox’s virtual gaming world enables users to monetize their time spent in the Metaverse via a play-to-earn model. Players can purchase land and create NFTs within the game and earn the SAND token by completing various quests. They can also stake the token.
The press release states that players without an Alpha Pass will still be able to access the metaverse. It stated, “Players without an Alpha Pass will still be able to access three full experiences and the Alpha HUB, a central multiplayer experience showcasing a range of locations, and quests, not to mention the chance to connect with other players from our amazing community. However, they will not be able to earn Play-to-Earn rewards.”
The Alpha Pass grants full access to the event to 5000 players. One thousand are up for grabs in raffle for Sandbox Landowners, and 2,250 more will be given out to Sandbox account holders via daily social contests over a three-week period. They will also be on sale on OpenSea’s secondary market between Nov. 29 and Dec. 19. According to data from OpenSea, the floor price for Sandbox NFTs sits at around 1.019 Ether ($4,217.64).
A few weeks ago, Sandbox closed a $93 million Series B funding round led by SoftBank Vision Fund 2. The firm stated that the project has been in development for four years and will launch its Metaverse in “phased stages” moving forward.
The fund raised, according to the platform, will reportedly go towards scaling The Sandbox via developing new games and live experiences, and seeking out additional partnerships with popular brands and intellectual properties.
With Bitcoin trading below $60,000, dragging the rest of the altcoin market along with it, the SAND token remains bullish, as it is up 32.32%, currently trading at $3.18 as of the time of this writing.