After four years of work, Sandbox Metaverse Alpha will be released on November 29th.

The Sandbox, Animoca Brands’ virtual property and gaming business, is opening up a portion of its Metaverse to players for the first time during a multi-week play-to-earn (P2E) Alpha event. However, just a few lucky gamers will be able to enjoy the complete experience.

The virtual game environment of Sandbox allows players to monetise their time spent in the Metaverse through a play-to-earn paradigm. Within the game, players may buy land and build NFTs, as well as earn the Sandbox token (SAND) by performing various objectives. They have the option of staking the token as well.

The event will begin on November 29 at 1 p.m. UTC and will last through December 20, according to a Nov. 17 release from the company. A limited number of 5000 users will have the opportunity to earn up to 1,000 SAND (about $3,500 at current pricing) and three special NFTs by spending time in The Sandbox teams’ 18 adventures.

The three limited-edition NFTs will only be available during the event. They will show a medieval-style gate, a blue and black dragon, and a longsword, all of which may be used in the Sandbox Metaverse.

The Alpha Pass is an NFT ticket that allows 5000 people full admission to the event. One thousand prizes are up for grabs in a raffle for Sandbox Landowners, and 2,250 more will be distributed to Sandbox account holders through daily social contests over the course of three weeks. These golden tickets will also be available for purchase on OpenSea’s secondary market between November 29 and December 19.

Players who do not have the pass will be able to enjoy three experiences as well as the Alpha Hub, a multiplayer gameplay mode featuring a variety of settings and missions, but they will be ineligible for P2E incentives.

According to OpenSea statistics, the floor price for Sandbox NFTs is now approximately 1.019 Ether (ETH), which is about $4,284 at the time of writing. Since late 2019, the total exchange volume has been 39,700 ETH ($165.3 million).

For new users eager to get into the virtual game, Animoca Brands co-founder and chairman Yat Siu advised Cointelegraph that they should spend time exploring the Sandbox before purchasing tokenized land:

“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.”

Patrick

Coincu News