Follow tweet The Sandbox, Animoca Brands’ virtual real estate and games company, is officially introducing Metaverse for the first time through a multi-week Play-to-Earn (P2E) alpha event for gamers.

But few lucky players can enjoy the full experience.

The virtual game world of the sandbox enables users to monetize their time spent in the Metaverse through a play-to-earn model. Players can purchase land in-game and generate NFTs and earn SAND tokens by completing various quests. You can also use tokens.

follow notification on November 17th from the company, the event starts on November 29th at 8pm (Synthetic Team time) and lasts until December 20th. A select group of just 5,000 users will have the opportunity to earn up to 1,000 SAND (approximately $ 3,500 at current prices) and 3 exclusive NFTs while participating in 18 experiences developed by the Sandbox team.

Three exclusive NFTs will only be available during the event, including a medieval portal, a blue and black dragon, and a long sword, all of which can be used in the sandbox metaverse.

Exclusive NFT in Alpha | The source: The sandbox

The Alpha Pass is an NFT ticket that gives 5,000 people full access to the event. 1,000 tickets will be available to sandbox landowners through a lottery and 2,250 tickets will be awarded to sandbox account holders through daily social competitions over a period of three weeks. These golden tickets will also be on sale on the OpenSea secondary market from November 29th to December 19th.

Without tickets, players will have access to 3 Experiences and Alpha Hub (a multiplayer mode with multiple locations and missions), but will not be eligible for the P2E rewards.

According to data from OpenSea, the floor price for Sandbox NFT is around 1,019 ETH, which is worth $ 4,284 at press time. The total trading volume at the end of 2019 is 39,700 ETH (165.3 million US dollars).

For new users looking to get into virtual gaming, Yat Siu, co-founder and president of Animoca Brands says everyone should take the time to carefully experience The Sandbox before buying tokenized land:

“I would recommend people who want to experience it: go there, experience them, join the community on Discord, chat with them. Think about it before you get into buying land because it is like buying real estate anywhere in the world. I mean, you don’t just fly to New York and say I’ll buy it. “

Earlier this month, The Sandbox closed a $ 93 million Series B funding round led by SoftBank Vision Fund 2. The company says the project has been in development for four years and that Metaverse will launch in “phases” going forward. According to the report, the funding will be used to scale The Sandbox through the development of new games and live experiences while seeking more partnerships with popular brands and intellectual property.

According to data from Coingecko, SAND price hit a new all-time high today at $ 3.63. SAND rose in 2021, posting 8521.5% gains over the past 12 months.

SAND 4-Hour Price Chart | Source: Tradingview

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Minh Anh

According to Cointelegraph

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