Wednesday, October 23, 2024 – Praxis, the world’s premier Network State announced on October 15 that it had secured $525 million aiming at new tech city construction.
Arch Lending, GEM Digital, and Manifold Trading were included as new participants.
Dan Romero (CEO of Farcaster), Tom Schmidt (GP at Dragonfly), Rob Hadick (GP at Dragonfly), Anirudh Pai (Partner at Dragonfly), Kartik Talwar (CEO of ETHGlobal), Mert (CEO of Helius Labs), Max Novendstern (Co-Founder of Worldcoin), and Will Price have contributed the financing as new angels, a press release said.
Praxis is an internet-based community designed to unlock potential in its key zones of AI, crypto, energy, biotech, and advanced manufacturing, fostering regulatory frameworks and leveraging innovative features to attract entrepreneurs.
Over 14 000 Praxians scattered within 84 countries are engaged in Praxis community.
The project of constructing a new city is a tech-oriented scheme assuring the capability of novel city construction within a diversified cultural landscape.
Reports said that the new city designed in an Acceleration Zone would reduce the regulatory limits, advancing key zones.
The new city would be an exemplary site highlighting the possibility of a great city scheme in the 21st century.
Reports said the exact location of Praxis city has not yet been confirmed.
