Praxis, a tech company, has secured a $525 million investment to create a pivotal city on the Mediterranean coast that merges cryptocurrency and AI.
The city will advance innovation, minimal governance, and a libertarian lifestyle, involving cryptocurrency as the essential cash.
This aggressive project is pointed toward making a tech-driven society, which will imagine a consistent mix of nature and cutting edge innovation, where electric vehicles and simulated intelligence driven systems will improve metropolitan life.
Established in 2019 by Dryden Brown and Charlie Callinan, Praxis looks to lay out an utopian city that advances innovation, minimal governance, and a libertarian lifestyle.
With plans to involve cryptocurrency as the essential currency, the city vows to draw in top tech talents and business visionaries searching for a new beginning liberated from conventional imperatives.
The project has already attracted the interest of more than 2,000 prospective residents, with a holding up list of 50,000.
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Teaming up with eminent firm Zaha Hadid Modelers, Praxis plans to design a city that amicably intertwines cutting edge and customary styles, guaranteeing adaptability for future growth.
The project will be supported by prominent investors including Peter Thiel and Balaji Srinivasan.
With operations projected to start around 2026, Praxis is set to have its first event in the Dominican Republic to gather leaders and innovators focused on the future of digital sovereignty.
