Price of metaverse project, Sandbox, SAND has witnessed continuous growth in the past weeks, recording over 100% growth as the Animoca brand virtual property gaming firm announced the launch of the Sandbox Alpha, an upcoming event that will allow players to explore the ecosystem’s metaverse for the first time and earn rewards in the process.
The news had pushed SAND, the native token of The Sandbox ecosystem, to its new all-time high of USD 4.56. It has gained over 35% over the last 24 hours, as well as nearly 70% in a week. At the time of this report, the 66th coin by market capitalization was trading at USD 4.24.
“The Sandbox Alpha is an open multi-week play-to-earn event starting on November 29 at 1PM UTC, in which players will have the opportunity to explore The Sandbox Metaverse for the first time, through 18 experiences created by The Sandbox’s teams,” the project said.
Players with an Alpha Pass, a non-fungible token (NFT) ticket that will allow full access to all experiences, should be able to earn up to USD 1,000 worth of SAND plus three exclusive NFT rewards. Players without an Alpha Pass, on the other hand, can still access three experiences and a range of gaming quests.
The project aims to offer 1,000 Alpha Pass tickets to LAND Owners in The Sandbox, a virtual world where players can “build, own, and monetize their gaming experiences.” Other ways to get a ticket include participating in daily social contests or purchasing one on the NFT marketplace OpenSea.
Meanwhile, the value of virtual land in The Sandbox has skyrocketed recently. “Land that sold for [USD] 48 in a presale in December 2019 now has a floor price of more than [USD] 4000,” DappRadar reported earlier this month.
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