According to ChainCatcher, Praxis, a project claiming to be the world's first "cyber nation," announced on Tuesday that it has received $525 million in funding to build a technology-forward city to support the development of encryption, artificial intelligence, energy and biotechnology.
According to the announcement, investors in this round of financing include Arch Lending, GEM Digital, Manifold Trading, etc. New angel investors include Dan Romero (CEO of Farcaster), Tom Schmidt (General Partner of Dragonfly), Rob Hadick (General Partner of Dragonfly), etc.
According to RootData, a Web3 asset data platform, Praxis is a community of future city dwellers, including founders, creatives, investors, and everyone in between. Its membership is application-based. Once accepted, members can participate in activities and can participate in the construction of the city. Most importantly, members share a common lifestyle: optimism, health, clear goals, and a commitment to greater ideas than themselves, summed up in one word: vitality.
