The Sandbox metaverse is finally launching its Alpha P2E initiative after a period of development that lasted four years.
The Sandbox (SAND) is allowing users to partake in a part of its multiverse through Alpha, a play-to-earn (P2E) event scheduled to last several weeks. Furthermore, according to reports, The Sandbox metaverse Alpha event will kick off on November 29th – after four years in development. The Sandbox Alpha Pass is an NFT ticket that grants its holder complete access to the event. The platform first made the announcement on Twitter saying:
“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!”
Although SAND prices surged in light of this announcement due to eager anticipation, only a few lucky players will get to enjoy the full experience. The event, which concludes on December 20th, will grant just 5,000 users the opportunity to earn as much as 1,000 SAND – which is currently worth approximately $3,500. In addition, the lucky select group will also be able to earn as many as three exclusive NFTs. The Sandbox explains that they can do this through the time put in all 18 experiences developed by The Sandbox teams.
Furthermore, the three aforementioned exclusive NFTs will only be available during the event and can be used in The Sandbox metaverse. They consist of a dragon, a longsword, and a gate reminiscent of medieval times.
How The Sandbox Intends to Select Entrants for its Metaverse Alpha
The 5,000 entrants will be selected via different formats, according to The Sandbox. The platform will select 1,000 individuals from a raffle for Landowners of The Sandbox. In addition, 2,250 more will be disbursed to Sandbox account holders through daily social contests scheduled to last three weeks. Furthermore, The Sandbox says these golden tickets can also be purchased on OpenSea’s secondary market throughout the promo.
OpenSea says that the current floor price for Sandbox token is about 1.019 ETH, equivalent to $4,284. Furthermore, the total trade volume of all tokens available is 39,700 ETH – or $165.3 million. This remained largely unchanged since the end of 2019.
Animoca Chairman Encourages Hopefuls to Seek Advice First Before Entering Virtual Game
Animoca co-founder and chairman Yat Siu has a piece of advice for new users looking to venture into the virtual game. Siu suggests they take the time to gather as much information as they can about The Sandbox’s virtual world. This is so they can make better-informed decisions when they decide to dip their toes in. As Siu put it:
“I would recommend for people who want to experience it, you know, just go to the places, experience them, join the community on Discord, have a chat with them. See what it’s all about before you make the plunge to buy land because, you know, it’s like buying real estate anywhere in the world.”
The Sandbox is a metaverse where users can play, build, own, and monetize their virtual experiences. They achieve this using a play-to-earn model that also allows the creation of non-fungible tokens (NFTs) within the game. Additionally, users can also earn SAND within the game by completing several and disparate quests.