Project Red, a GTA-style web3-enabled MMO, recently released a whitepaper outlining its plans to build and grow its virtual worlds. And one of the first steps in getting their gaming economy up and running is the planned sale of shares in Mafia Business Building!
Project Red continues to build plans for a mafia-themed virtual world. Their new whitepaper will grow Project Red into a larger virtual world, with teams to do dozens of activities, from FPS Blood Arena to car racing to poker play to promote car contests and own businesses outlines the plans for Project Red wants to offer activities for all types of players. For more information, please refer to the official white paper.
But when it comes to business ownership, on Friday, April 7, shares in Project Red’s first 15 businesses will go up for sale!
Business Building Sale
the sale of shares in Business Building will take place on April 7th at https://xoxno.com/. Only 1500 pieces are available. The price is $100 in EGLD tokens. The first mint opportunity will be given to those with Legendary Gangster status on Discord and those with DAO votes. The presale will start at 5:45pm UTC and the holder sale will start at 6:00pm UTC. A maximum of 5 purchases can be made in one transaction.
Purchasing these allows the owner to stake a percentage of one of the 15 available businesses. Each NFT represents his 1% ownership interest in the corresponding business. The sale covers 15 different businesses, including casinos, car dealerships and real estate offices. Each business will have 100 shares, making a total of 1500 of his NFTs available during the mint period.
owners will earn a portion of the revenue from the business, some of the profits will be marked for use in the larger game’s p2e system, and some will go to the developer. However, there is also a DAO voting system on business funds, allowing owners to change how the profits are used. Do you take it all in cash or reinvest it in your business?
Stocks in business buildings are tradable. You must own a Project Red NFT to participate in this sale.
What is Project Red?
Project Red is an open world 3D social hub built with Unreal Engine, with several subgames such as FPS and Blood Arena. Project Red is a mafia-themed game in which players own land, plan to conduct in-game businesses, and compete between groups for resources and bragging rights.
The game runs on the MultiversX blockchain (previously known as Elrond). As such, a player will need a suitable wallet and his ELGD native tokens for purchases. Players can get the Elrond Mafia NFT at https://xoxno.com/collection/MAFIA-bd0abc. The current alpha also has the ability to play for free on weekends. However, Elrond Mafia NFT owners can always play and earn rewards in various leaderboards and contests.
The final game is free to play, but owning a Mobster character NFT grants you access to a special HQ club, wagering opportunities on various events, access to a rewarded Battle Pass system, and a variety of other rewards. Perks and bonuses are offered. Players can already bet his Mobster for whitelisting and airdrops.
Project Red is only available on PC. A player can create a custom game avatar based on the traits of his NFTs that he owns. He can also earn EGLD tokens by playing. The team will continue to add new maps, weapons and game modes over the coming months. Project Red is just one aspect of him in the larger ecosystem built around the Elrond Mafia.
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