Project Red, a Web3-compatible GTA-style MMO, recently released its whitepaper, outlining its plans to build and grow its virtual world. And one of the first steps to kick-starting your game economy involves an upcoming Mafia Business Buildings stock sale!
Project Red continues to build on its plans for a mob-themed virtual world. Their new white paper outlines the team’s plans to turn Project Red into a larger virtual world with dozens of activities, from FPS Blood Arena to car races, poker games, tune-my-car contests and to business ownership. Project Red hopes to provide an activity for all types of gamers. You can learn more in their official white paper.
But speaking of corporate ownership, on Friday, April 7, shares of the first 15 Project Red companies will go on sale!
Sale of commercial building
The sale of the Business Building shares will take place on April 7. There is a limited quantity of 1500 available. The price is $100 in EGLD tokens. The first chance is for those who have legendary gangster status on their Discord and those who have a DAO vote. This presale opens at 17:45 UTC, with a Headline sale at 18:00 UTC. There is a maximum of 5 purchases per transaction.
Purchasing these provides the owner with a percentage interest in one of 15 available companies. Each NFT is equivalent to a 1% stake in the corresponding company. For this sale, 15 different businesses will be up for grabs, including a casino, a car dealership and a real estate agency. Each company will have 100 shares, for a total of 1,500 NFTs available when minted.
Owners receive a percentage of their company’s profits, with some of the profits going to be used in the wider p2e gaming system and some to developers. However, there will also be a DAO voting system around corporate finance, allowing owners to change how their profits are spent. Do you take it all in cash or reinvest in the business?
Business Building shares will be tradable. Players must have a Project Red NFT to participate in this sale.
What is Project Red?
Project Red is a 3D open-world social hub built on Unreal Engine with various sub-games including the FPS, Blood Arena. Project Red is a mafia-themed game, with plans for players to own in-game land and businesses, as well as competition between groups for resources and bragging rights.
The game runs on the MultiversX blockchain (formerly known as Elrond). Therefore, players will need an appropriate wallet and the native ELGD token to make purchases. Players can grab Elrond Mafia NFTs at collection/MAFIA-bd0abc. The current alpha also includes free weekends. But Elrond Mafia NFT holders can play anytime and earn rewards in various leaderboards and contests.
The endgame will be free to play, but owning an NFT Gangster character grants you access to a special Siege Club, opportunities to wager on different events, access to a rewarding battle pass system, and other perks and bonuses. Players can now stake their mobsters for whitelists and airdrops.
Project Red is only available on PC. Players can create custom game avatars based on the characteristics of the NFTs they own. They can also earn EGLD tokens by playing. The team plans to continue adding new maps, weapons, and game modes in the coming months. Project Red is just one facet of a larger ecosystem being built around Elrond’s mafia.
For more information on Elrond’s Mafia and Project Red, visit their website, follow them on Bloodand join their Discord server.
Screenshot of Project Red
Phil Hall has been a gaming enthusiast since birth and a cryptocurrency enthusiast since 2017. He loves new discoveries and shares them with others through blogging and photography. You can follow him on Twitter or read his other posts on Medium.