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 an “Acceleration Zone” that minimizes regulatory hurdles, facilitating rapid innovation in sectors such as AI, crypto, biotech, energy, and advanced manufacturing. The financing round includes contributions from Arch Lending, GEM Digital, and notable angel investors like Dan Romero and Tom Schmidt. The city’s design, envisioned by Zaha Hadid Architects, will blend futuristic and classical elements, while the development is led by David Weinreb, former CEO of Howard Hughes. This ambitious initiative seeks to showcase the possibility of building a vibrant, forward-thinking city in the 21st century, rooted in innovation and cultural heritage.
Network State Praxis Secures $525M Financing to Launch New City Meant to Attract Crypto Entrepreneurs and Promote 'Western Civilization'
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