Praxis, an internet-native alliance, has received a $525 million funding pledge from companies like Arch Lending and GEM Digital. The project aims to establish a city with fewer regulations for tech leaders in AI, crypto, and more. Praxis plans to blend futuristic and classical aesthetics in urban planning. GEM Digital will contribute $500 million in exchange for crypto tokens representing future real estate ownership. The funds will be released in stages based on project milestones. Praxis is considering locations in Latin America and the Mediterranean for the city, set to cover 1,000 acres and house 10,000 people. However, past tech utopia projects like Akon City and Satoshi Island have faced delays and limited progress. Praxis aims to overcome these challenges and create a successful tech hub for the future. Read more AI-generated news on: https://app.chaingpt.org/news

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