💲$525 million to create a crypto-city
Sounds like a blockbuster plot: a group of idealists builds a city of the future where technology and innovation thrive without bureaucratic chains
Praxis, the 'internet alliance', promises to turn this fantasy into reality, with just $525 million in investments
The project resembles futuristic utopias from movies like 'Elysium' or 'Tron', but this time without the dystopias.
Praxis intends to create a city where cryptocurrencies, artificial intelligence, biotechnology, and energy innovations can develop without hindrance.
🏗The future is already close
The city will occupy 1000 acres and accommodate 10,000 people
Investors, such as GEM Digital, have already allocated $500 million but demanded to tokenize the future real estate 🤔
The final construction site — Latin America or the Mediterranean — will be determined by the beginning of 2025.
🏗 But will it be like in the movies?
There have been attempts to create crypto-utopias in history:
🟡Akon City in Senegal — more PR, announced by rapper Akon in 2018
🟡Satoshi Island — still in the 'planned constructions' stage after three years, does not look at all like a home for crypto professionals, as stated.
🟡Puertopia — a dream of a blockchain city in Puerto Rico, frozen indefinitely.
And yet, Praxis is not just an idea: it is real money, architects, and a step-by-step plan, so although small, there are chances for realization.
Who knows, maybe in a couple of years we will see the beginning of a new era of cities created by technologies and for technologies. As they say, we will live and see
