SAND, the native crypto of the crypto gaming network The Sandbox, hit a new all-time high of $3.61.
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It is an ERC 20 token used for transactions, staking, and governance, launched in August 2020.As for the Sandbox platform, its launch took place in May 2012. The game, owned by blockchain development firm Animoca Brands, allows users to get rewards by playing. Also, it’s possible to build NFTs, send them to the market and integrate them into games. Today (Nov. 17), Sandbox revealed that its Play to Earn event, the Sandbox Alpha, will go live on Nov. 29.
The project will be open for all the players, however, those having an NFT ticket called the Alpha Pass will have the chance to take part in 18 experiences of Alpha Season and earn up to 1000 SAND and 3 special NFT prizes. The season will close on Dec. 20.
Participants, not having Alpha Pass will be able to discover 3 complete experiences and a central multi-player experience, but they won't be able to earn returns.
There are three ways to get Alpha passes: through Alpha Raffle (for Land Owners on the game), contests, and acquiring tickets on the NFT market Open Sea.
Previously, The Sandbox raised $93 M through an investment round led by Tokyo-headquartered multinational conglomerate holding company SoftBank. During this year, the user base of the platform has increased by 500% and now there are 500.000 wallets.