The Sandbox, virtual property and gaming firm of Animoca Brands, is launching a part of its Metaverse for the players through a multi-week play-to-earn (P2E) Alpha event. However, for now, only a few lucky players will get the option to enjoy the full experience.
The virtual gaming world by Sandbox allows users to make money based on the time they spent in the Metaverse through a P2E model. Players would have the option to buy land and create NFTs inside the game to earn the Sandbox token (SAND). They would also get the option to stake these tokens.
As TheCoinRise reported, the company has recently secured a big investment, after which its token breached the $3 mark.
The announcement by the firm on November 17 says that the event will start from November 29, 1 PM UTC and will end on December 20. There is also a provision to earn up to 1,000 SAND tokens worth around $3,500 and three exclusive NFTs for a selected group of 5000 lucky users.
Sandbox’s three exclusive NFTs
The three exclusive NFTs will depict a medieval-style gate, a black & blue dragon, and a longsword. These are all usable in the Sandbox metaverse and will be available only during the event.
As per the data from OpenSea, the opening price of the Sandbox NFTs is decided to be around 1.019 Ethereum (ETH), worth around $4,320 at the time of reporting. The trade volume currently sits at 39,700 ETH (around $167 million) since late 2019.
Yat Siu, the CEO and chairman of Animoca Brands, advised people to try their hands on carefully experiencing the Sandbox before diving into tokenized land. He stated:
“I would recommend for people who want to experience it, you know, just go to the places, experience them, join the community and chat with them on Discord. See what it’s all about before you take the plunge to purchase land because it’s similar to buying real estate anywhere in the world.”