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Network State Praxis Secures $525M Financing to Launch New City Meant to Attract Crypto Entrepreneurs and Promote ‘Western Civilization’

Network State Praxis Secures 5M Financing to Launch New City Meant to Attract Crypto Entrepreneurs and Promote ‘Western Civilization’Praxis has announced a significant milestone, securing $525 million in financing to establish a new city designed to draw in crypto entrepreneurs and champion the ideals of Western Civilization. With a robust community of over 14,000 members across 84 countries and a collective valuation of more than $400 billion, the network state aims to create […]

Mercy Corps CIO explains how NGOs can integrate blockchain to amplify their efforts

Praxis gets $525M for utopic crypto, AI-friendly city

Praxis, a self-described internet-native alliance, said it received $525 million in funding to build a lesser-regulated tech-friendly city. 

A project aiming to create a city with fewer regulations for crypto and artificial intelligence tech leaders claims to have received a $525 million funding pledge.

Praxis, a self-described “internet-native alliance,” said on Oct. 15 it secured funding from various companies, including crypto lending platform Arch Lending and crypto investment firm GEM Digital. 

The location for the tech utopia hasn’t been shared, but the project is promising the city will “reduce regulatory barriers” for tech companies in “AI, crypto, biotech, energy, and advanced manufacturing.”

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Mercy Corps CIO explains how NGOs can integrate blockchain to amplify their efforts