Ever since the start of 2023, the NFT market has rebounded and more investors are coming in with many exciting projects coming up. To celebrate the Year of the Rabbit, Ubisoft partnered with The Sandbox for a new NFT collection: Rabbids.
The team came together to drop 2,066 digital avatars ready to explore the Metaverse, play, earn, and get rewards. This collection already sold out in the first 45 minutes after its launch. What is this project all about?
The Rabbids NFT collection seems interesting since it is a way for Ubisoft and The Sandbox to celebrate The Chinese Year of the Rabbit.
How Did The Rabbids NFT Drop Sell Out Quickly?
We have already officially entered the Year of the Rabbit, and The Sandbox celebrates the New Year in style. The leading Metaverse partnered with Ubisoft to drop a new exclusive collection called Rabbids.
The limited-edition collectibles dropped on February 21 at 2 pm UTC, and the users could mint two nonfungible tokens per wallet. Then, the public sale was held a day later, on February 22, with a maximum mint of four collectibles per wallet. Interestingly, the Sandbox confirmed through Twitter that the NFT drop sold out in a record-setting 45 minutes.
The price per NFT was 100 SAND (The Sandbox’s official crypto coin), or $75 at the time of publication. Taking into consideration the hype surrounding this project, most collectors believed it was a fair price to start with. Notably, developers at Ubisoft will show the collectibles on February 25, much to the minters’ delight.
Every Rabbids NFT holder will be allowed to explore The Sandbox LANDs with their brand new avatars.
What Is This Collection All About?
In General, Rabbids is described as a collection of 2,066 NFTs designed on the Polygon blockchain. Every 3D digital avatar is generated with distinct traits; in fact, the collection also features many 1:1 hand-illustrated Lunar Festival Rabbids.
Holders can use the new avatars in The Sandbox to explore and play. Interestingly, the Rabbids community can also participate in special events, earn SAND, and get some exclusive rewards.
