SAND prices have surged to a new all-time high as The Sandbox announces its highly anticipated play-to-earn metaverse event.

Animoca Brands’ virtual property and gaming firm The Sandbox is opening up part of its Metaverse to players for the first time via a multi-week play-to-earn (P2E) Alpha event.

But only a handful of lucky players will get to enjoy the full experience.

Sandbox’s virtual gaming world enables users to monetize their time spent in the Metaverse via a play-to-earn model. Players can purchase land and create NFTs within the game, and earn the Sandbox token (SAND) by completing various quests. They can also stake the token.

According to a Nov. 17 announcement from the firm, the event will start on Nov. 29 at 1 pm UTC and will run until December 20. A select group of just 5000 users will have the chance to earn up to 1,000 SAND (worth around $3,500 at current prices) and three exclusive NFTs via time spent across 18 experiences developed by The Sandbox teams.

The three exclusive NFTs will only be available during the event. They will depict a medieval-style gate, a blue and black dragon, and a longsword that are all usable in the Sandbox Metaverse.

The Alpha Pass is an NFT ticket that grants full access to the event to 5000 individuals. One thousand are up for grabs in raffle for Sandbox Landowners, and 2,250 more will be given out to Sandbox account holders via daily social contests over a three week period. These golden tickets will also be on sale on OpenSea’s secondary market between Nov. 29 and Dec. 19.