Hello, the version is in the title "R1" - The first release.
In terms of content: The plot stops right before Carne Village, and for now there's only nudity (Albedo, Ninya).
Neither, the protagonist is Asian due to the setting being in Japan.
However, unlike Overlord H, the protagonist will rarely be visible. It'll always be PoV, especially during NSFW scenes, so the focus will be entirely on the heroine in first person.
I believe PoV works best in terms of immersion, especially during NSFW scenes where anything outside of the heroine(s) would get in the way, but it'll also avoid me having to render the same scene twice (one for each skin color), which would quickly increase the game size since this game will have more content than the OG, including NSFW scenes.
In future, on Patreon and SS, I will create a poll to decide if the little of the protagonist visible in PoV should be semi-transparent, blue/gray, or default color during NSFW scenes.