Introductions

Introductions

Introduction

The RED X Project (hereinafter referred to as "RED X") is a project that leverages web3 technology to create innovative entertainment experiences and aims to establish a sustainable and global entertainment economy. RED X serves as the ground zero of web3 at Tokyo Tower, where fans, creators, entertainment content (IP), investors, and business partners converge. Using RED X as a base, we will provide new-era entertainment services to the world both offline and online.

The RED X maximizes the potential of web3 technology to create an environment where global fans can access and enjoy entertainment content. By promoting user-participation in content creation and consumption, the project offers new value to the entertainment industry. Through these efforts, RED X will create a new form of entertainment where artists, creators, and fans can grow together and support each other.

In other words, we call that "RED X Journey"

This whitepaper details the reasons and background behind the RED X's engagement in web3 business, as well as the design philosophy and architecture of RED X, and provides an in-depth explanation of the Tokonomix of the unique token REDX (hereinafter referred to as "REDX").

Furthermore, we discuss the expansion of the RED° entertainment economy through collaborative models with RED°, which operates a digital amusement facility at Tokyo Tower, and other business partners, both offline and online. This white paper details the reasons for the RED X project's involvement in web3 businesses, the design philosophy, architecture, and the Tokonomix of the unique REDX.