Project Red is described as an open-world, 3D social hub built in the Unreal Engine with several sub-games, including the Blood Arena. Project Red is a mafia-themed game, with plans for player ownership of land and in-game businesses, as well as competition between groups for resources.

The game runs on the MultiversX blockchain (formerly known as Elrond). Project Red is currently only available on the PC. Players can create custom game avatars based on the traits of the NFTs they own. They can also earn EGLD tokens by playing.

Their new whitepaper outlines the team’s plans for growing Project Red into a larger virtual world with dozens of activities.