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Yep. They opened live on YouTube. Nothing but some dirt inside it.

https://www.youtube.com/live/VNJRWKCtKqo?si=_Tlp6lgPozaqDN4x

I wonder if it was intended to be filled with items, or if it was just one big joke?

"Heh, someone's going to find this long after I'm dead and open it to find nothing but a chunk of dust, and they're going to think it was important!"

Could have been symbolically empty, or it could have been the box itself had significance. Or it could have been that there was a valuable item but it was taken by whoever sealed it, knowing there would be no risk of getting caught

May be worth analyzing that dirt to determine where it came from. I'm reminded of sports fans who will collect dirt from the field (or melted ice for hockey) as a memento of a game.

Or research the library in case someone wrote about the time capsule.

Perhaps it holds/held the ashes from someone's cremation.

Well perhaps there was a dead squirrel