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Praxis to Build Crypto City with $525 Million Funding

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2 hours ago

The Praxis project announced securing $525 million to create crypto cities. However, GEM Digital's involvement raises legitimacy questions.

What is Praxis?

Founded by Dryden Brown in 2019, Praxis claims to be the first network state. Aiming to accelerate technological progress, create heroic living, and build a 21st-century city, the funding will be used to acquire land and start construction.

Praxis' Vision for the Future

With over 14,000 participants worldwide, Praxis aims to build a city that serves as a cultural beacon, blending traditional Western values with technological advancements.

GEM Digital's Controversial Involvement

GEM Digital, a key investor, has been criticized for deferred investment commitments. Projects announcing GEM's support often face token price volatility post-announcement.

Praxis, which calls itself the first 'network state', announced that it has received $525 million in funding. This is suspected to be false information because the investors include the notorious fraud fund GEM Digital.Wu Blockchain

Despite challenges and doubts surrounding GEM Digital's involvement, Praxis continues with plans to create an innovative city, leaving funding legitimacy questions open.

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