In the digital age, the idea of a completely new nation where the community lives based on shared values and vision is becoming a reality through the Praxis project. What is Praxis? Let's explore the world's first "Network State" project with Coin68 through the article below!
What is Praxis? Exploring the world's first "Network State" project
What is Praxis?
Praxis is the world's first "Network State" project, with the goal of building an online community on a national scale, combining elements of governance and culture to develop into a real city in the future. The project has attracted over 14,000 members from 84 countries to participate, connecting through online platforms such as Discord, Signal, and Telegram to build a true society.
Praxis project homepage
Praxis has successfully raised $525 million and is considering locations in Latin America and the Mediterranean to build its city. Upcoming, the "Arkham x Praxis Campus" event will take place in the Dominican Republic, bringing together leading thinkers in technology and culture to drive the vision of a city of the future.
Praxis' Unique Features
Praxis stands out with its unique and distinctive approaches to building a community and a city of the future. As the first Network State, Praxis aims for a community with shared culture, governance systems, and lifestyle, collectively raising capital and planning for a real city.
The project is built on a blockchain foundation, using this technology for governance, identity verification, and asset protection to ensure transparency, security, and decentralization. Praxis is also pioneering creative fundraising by tokenizing assets, thereby attracting investment for its major projects.
Praxis' Features
- Network State: Praxis is the first Network State, building a global community with independent governance and cultural systems, although it primarily exists online. The project plans to build a real city for the community to live and operate in.
- Community: With over 14,000 members from 84 countries, Praxis' community includes many entrepreneurs and pioneers. They regularly connect through events like the "Arkham x Praxis Campus" to experiment with the model of a future city.
- Lifestyle: Praxis aims for a lifestyle that promotes Western civilization and long-term vision, even living in space in the future. The Praxis city will combine classical and modern aesthetics, along with sustainable urban planning.
- Blockchain Technology: Blockchain plays a crucial role in managing member identities and assets. The Steel Visa blockchain-based identification system helps verify identities, and the encrypted financial model will help raise capital for the city's development projects.
- City: Praxis is searching for locations in "acceleration zones" to minimize legal barriers and promote advanced technologies like AI, cryptocurrencies, biotechnology, and clean energy.
- Praxis Credits (PRAX): This is the unit used to measure the contributions of community members, as well as to assess the economic and cultural potential, and attract investment for Praxis' development projects.
Basic Information about PRAX
PRAX is the Praxis project token, but there is currently no detailed information about its tokenomics. However, the PRAX token is expected to be used to incentivize business and infrastructure development activities in the Praxis city, support the growth of culture, art, and community governance.
Praxis Project Development Roadmap
Currently, Praxis has not yet announced a detailed development roadmap for the project. Coin68 will provide updates as soon as more information becomes available.
Praxis Project Development Team
- Dryden Brown: Considered the project's leader, he plays a key role in shaping and negotiating potential locations for this city. The Wall Street Journal emphasizes the importance of Brown in strategizing and managing the project.
- Balaji Srinivasan: The author of "The Network State" and an early investor, Balaji can serve as an advisor and support the development of the city's ideas, contributing his extensive experience in networks and autonomous communities.
- David Weinreb: The former CEO of Howard Hughes Corporation, Weinreb currently leads the effort to develop the Praxis city. With his experience in managing large-scale real estate projects, he can help accelerate the progress and implementation of the construction plan.
- Zaha Hadid Architects: This renowned architecture firm is involved in designing the concept for the city, demonstrating Praxis' commitment to aesthetics and modernity. Their participation is evidence of a creative urban vision that focuses on iconic design.
Praxis Project Investors
Praxis project investors
The Praxis project has successfully raised $525 million from major investors in the industry, such as Paradigm, Bedrock Capital, and Apollo Projects. Prominent individuals in the tech industry, such as Robert Leshner from Compound Finance and Dan Romero from the decentralized social network Farcaster, have also invested in the project.
Summary
This is all the information about the Praxis project. Through this article, Coin68 hopes that readers will understand the basic information about Praxis to make their own investment decisions. Wish you successful investment!
Note: The information in the article is not considered investment advice, Coin68 is not responsible for any of your investment decisions. Wish you success and make a lot of profits from this potential market.
