Entrepreneur Dryden Brown has launched the "Praxis" project, aimed at creating a new city in the form of a network state to revive Western civilization. He has raised $525 million in funding to demonstrate the possibility of building a modern city in the 21st century as a model of technological progress.
The project includes special economic zones for the development of cryptocurrency, artificial intelligence, and biotechnology, creating conditions for innovation. Brown uses RWA (real-world assets) infrastructure to finance large-scale developments, inspired by the interest of major institutions in cryptocurrencies.
Investors in the project include Arch Lending, GEM Digital, and other influential figures from the technology and crypto industry. Brown is confident that these partnerships will help realize the vision of Praxis — a sustainable and technologically advanced city in the Middle East.
