Praxis, a groundbreaking city-state initiative combining artificial intelligence (AI), blockchain governance, and libertarian standards, has already secured USD 525 million in funding and attracted approximately 14,000 registered “Praxians” before construction has even begun.
The futuristic project has drawn significant financial backing, with GEM Digital investing USD 500 million, and Arch Lending adding USD 25 million. The funding is set to be released in phases tied to specific development milestones.
In collaboration with Global Emerging Markets and Arch Lending, a crypto-native mechanism designed to finance large-scale projects using tokenized real-world assets (RWAs) will be used.
Praxis’s physical design is being developed in partnership with Zaha Hadid Architects, renowned for its futuristic architectural projects. Intending to reflect a digital-first philosophy in Praxis, Dryden Brown, a 29-year-old technology entrepreneur spearheading the project, stated, “The city will be incredibly beautiful. The architecture will be a fusion of classical aesthetics. We’re working on a fusion of gothic elements and space-age futurism. The architecture is going to be something you’ve never seen before.”
Founded in 2019, Praxis’s location remains undisclosed, with negotiations currently underway. However, Brown describes Praxis as “a city born from the internet”, blending Western civic values with advanced technologies, including AI, crypto, and biotech.
Envisioned as an “internet-native nation”, Praxis will be designed to operate as a network state, a digital-first society with decentralized blockchain governance and smart contracts. The futuristic nation will span 1,000 acres in a special economic zone (SEZ), accommodating up to 10,000 residents.
Brown added, “We want to deregulate technology. Praxians are far more intentional about finding projects with deep meaning for them and are consistent with their values. Maybe in the future, people won’t work anymore and AI will do all the work. We want the city designed for a post-work future and to absorb a new kind of social dynamic. We are going to find the most talented artists in the world, give grants, and bring them to Praxis.”
Moreover, Praxis will incorporate 6G wireless networks, renewable microgrids, augmented-reality-enhanced public spaces, autonomous transportation, and Internet of Things (IoT)-connected infrastructure, serving a fully integrated technological system. AI will manage energy usage and other real-time functions in the city, while homes will be equipped with IoT devices and streets will adapt to environmental conditions.
Brown further highlighted that while phase one will take longer to complete, the first residents, expected to arrive in 2026, will lay the groundwork for future development.
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