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Praxis Raises $525M To Build Crypto City https://t.co/BGlwGejmim
Network State Praxis Secures $525M Financing to Launch New City Meant to Attract Crypto Entrepreneurs and Promote 'Western Civilization' #NewsBytes https://t.co/k0hEcgYTAb
The Daily Modern Market Snapshot: Wed 16 Oct Headlines 👉Praxis announces $525M raise to build crypto friendly city From @TheBlock__: "Praxis, which bills itself as the world’s first “Network State,” announced it has secured $525 million to build a tech-forward city that will… https://t.co/05A1dYAYdv
Praxis, a 'Network State' project, has secured $525 million in funding to build a crypto-friendly city. The city aims to foster innovations in technology sectors such as artificial intelligence, biotechnology, and energy. The funding round saw participation from GEM Digital and Arch. The city is expected to accommodate 10,000 residents, with development milestones tied to the release of funds. The final location of the city has not yet been disclosed. The project also aims to promote 'Western Civilization'.