Introductions

Introductions

Introduction

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

The REDX project 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, REDX 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 "REDX Journey"

This whitepaper details the reasons and background behind the REDX'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 REDX project's involvement in web3 businesses, the design philosophy, architecture, and the Tokonomix of the unique REDX.