Sandbox Metaverse Alpha set to launch on Nov. 29 after four years in development
The Sandbox is opening up part of its Metaverse to players for the first time via a multi-week play-to-earn (P2E) Alpha event where only a handful of lucky players will get to enjoy the full experience.
Sandbox’s virtual gaming world enables users to monetize their time spent in the Metaverse via a play-to-earn model. Players would be able to purchase virtual land and create NFTs within the game, and earn the Sandbox token (SAND) by completing various quests.
According to the official announcement, the event will start on Nov. 29 at 1 pm UTC and will run until December 20. A selected group of just 5000 users will have the chance to earn up to 1,000 SAND tokens and three exclusive NFTs via time spent across 18 experiences developed by The Sandbox teams.
The Alpha Pass is an NFT ticket that grants full access to the event to 5000 individuals. Players without the pass will be able to access three experiences and the Alpha Hub, a multiplayer gaming mode that features a range of locations and quests, but they will not be eligible for P2E rewards.
One thousand are up for grabs in a 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. These golden tickets will also go live to sale on the biggest NFT marketplace OpenSea’s secondary market.
According to data from OpenSea, the floor price for Sandbox NFTs sits at around 1.019 ETH. Total trade volume stands at 39,700 ETH since late 2019.
Earlier this month, The Sandbox closed a $93 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 its Metaverse in phased stages moving forward. The funds will be used for developing new games and live experiences, and seeking out additional partnerships with popular brands and intellectual properties.