The Sandbox gaming platform introduced The Sandbox Alpha, an upcoming occasion that may enable gamers to discover the ecosystem’s metaverse for the primary time and earn rewards within the course of.
The information had pushed SAND, the native token of The Sandbox ecosystem, to its new all-time excessive of USD 3.63, dropping almost 10% since. That stated, it has gained over 28% during the last 24 hours, in addition to almost 40% in per week. At 9:39 UTC, the 66th coin by market capitalization was buying and selling at USD 3.43.
“The Sandbox Alpha is an open multi-week play-to-earn occasion beginning on November 29 at 1PM UTC, wherein gamers could have the chance to discover The Sandbox Metaverse for the primary time, via 18 experiences created by The Sandbox’s groups,” the undertaking said.
Gamers with an Alpha Go, a non-fungible token (NFT) ticket that may enable full entry to all experiences, ought to be capable to earn as much as USD 1,000 value of SAND plus three unique NFT rewards. Gamers with out an Alpha Go, alternatively, can nonetheless entry three experiences and a spread of gaming quests.
The undertaking goals to supply 1,000 Alpha Go tickets to LAND House owners in The Sandbox, a digital world the place gamers can “construct, personal, and monetize their gaming experiences.” Different methods to get a ticket embody taking part in every day social contests or buying one on the NFT market OpenSea.
In the meantime, the worth of digital land in The Sandbox has skyrocketed lately. “Land that offered for [USD] 48 in a presale in December 2019 now has a flooring value of greater than [USD] 4000,” DappRadar reported earlier this month.
In the course of the 7-day interval resulting in November 3, The Sandbox noticed USD 7m in buying and selling quantity, up by 645%. Additional, the undertaking recorded USD 4.2m in buying and selling quantity within the first three days of November alone, with the variety of merchants growing by 3x, as per DappRadar.
USD 4.2m is “greater than the dapp generated in your entire month of September,” they stated, estimating that “November will change into the largest buying and selling month within the historical past of The Sandbox.”
Lands promote out with an everyday price ticket of SAND 1011 (USD 3,290) per parcel. Premium lands, these surrounding main social hubs which might be anticipated to expertise greater site visitors, promote for extra.
In early June, a bit of digital land was sold for SAND 3.6m, or roughly USD 650,000 on the time of the public sale.
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