By Alicia Maher
Sandbox is about to launch its play-to-earn Metaverse event. A lot of people are excited as they have been waiting for this news. The announcement led to the SAND token reaching a new price peak.
The Sandbox, owned by Animoca, will open up a part of its Metaverse to gamers for the first time. The event is planned to span multiple weeks. It will be a play-to-earn Alpha event. However, just a small group of people will get to partake in the whole experience.
Gamers earn rewards by spending time in the Metaverse world using the play-to-earn system. Gamers can purchase resources and mint their NFTs in the game. They receive SAND tokens that are native to the game and obtained by finishing tasks and leveling up.
Event Rewards
The company announced today that the event would run from the 29th of November 1 pm UTC till the 17th of December. Five thousand gamers will get the opportunity to win a thousand SAND currently worth over 3000 dollars. There will also be a chance to win three rare NFTs based on how long they spend on the various experience levels designed by the Sandbox team.
How To Get In
To get to experience the entire event, one must have an Alpha pass. One thousand of the tickets will be won in a raffle draw. The draw will be available only to those that have purchased land in the Sandbox.
Two thousand two hundred fifty tickets are available to those who have active accounts. They can win these in a series of social media tasks. A sale of the unique ticket will also be held on OpenSea within the period of the event.
Gamers without passes can access limited experiences, quests, and locations but cannot earn monetary rewards. Opensea records show that the minimum value for a Sandbox NFT is about 1 ETH. That is worth a little above 4000 dollars in today’s rates.
Animoca Brand has advised people excited by the mouth-watering rewards that want to purchase land to get a feel of the Metaverse first. He believes that buying property in the Sandbox Metaverse is similar to purchasing property in the real world. As such, players have to consider a lot of factors to consider from location to viability.
Earlier in the Month, Sandbox raised over 90 million dollars in investments to expand its virtual universe. They have been working on the digital universe for four years. The digital world will continue to be rolled out in stages. Each rollout will bring new features and experiences.
SAND token value has risen over 8000 percent in the last year. It hit a new high of 3.42 dollars with this announcement; this was about a 25% boost in price. This trend of value growth is one that we might continue to see for tokens used in different Meta-verses. The Metaverse continues to be the main attraction for investors. Many investment firms have identified this new space as the next theme to shape market movements. The flow of capital investment is sure to lead to rapid growth.