Sandbox, a blockchain-based virtual world that allows users to create, build, buy, and sell digital assets as a game, and the creators of the SAND token, is releasing part of its metaverse to players for the first time after four years of development, via The Sandbox Alpha, a multi-week, play-to-earn (P2E) Alpha event.
The Sandbox Alpha will begin on November 29th, 2021, and will last until December 20th. For the first time, players will explore the Sandbox Metaverse, 'through 18 experiences created by the Sandbox's teams.'
To do so, players will need an ‘Alpha Pass,’ which, according to the announcement, is an NFT ticket that will allow players to completely explore the 18 experiences of the event and give them the opportunity to earn up to 1,000
Sandbox's virtual gaming world uses a play-to-earn model to allow users to profit from their time spent in the Metaverse. Within the game, players can buy land and build NFTs, as well as earn the SAND token by completing various quests. They can also put their money on the token.
According to the press release, players who do not have an Alpha Pass will still be able to access the metaverse. "Players without an Alpha Pass will still be able to access three full experiences and the Alpha HUB, a central multiplayer experience showcasing a variety of locations, quests, and the chance to connect with other players from our amazing community," it stated. They will not, however, be able to earn Play-to-Earn rewards."
The Alpha Pass gives 5000 players full access to the event. One thousand tickets will be given away in a raffle for Sandbox Landowners, and 2,250 more will be given away in daily social contests over the course of three weeks to Sandbox account holders. Between Nov. 29 and Dec. 19, they will be available on OpenSea's secondary market. The floor price for Sandbox NFTs, according to OpenSea data, is around 1.019 Ether ($4,217.64).
Sandbox closed a $93 million Series B funding round led by SoftBank Vision Fund 2 a few weeks ago. The project has been in development for four years, according to the company, and it will launch its Metaverse in "phased stages" in the future.
According to the platform, the funds raised will scale The Sandbox by developing new games and live experiences, as well as seeking new partnerships with well-known brands and intellectual properties.
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