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.

The 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 nonfungible tokens (NFT) within the game and earn the Sandbox token (SAND) by completing various quests. They can also stake the token.

According to a Wednesday announcement from the firm, the event will start on Nov. 29 at 1 pm UTC and will run until Dec. 20. A select group of just 5,000 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.