- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
"Network Nation" Praxis completes $525 million financing, Farcaster CEO and others participate
By: blockbeats|2024/10/22 14:01:27
0
Share
BlockBeats news, October 16, "Network State" project Praxis announced on Tuesday that it had completed $525 million in financing, with Arch Lending, Manifold Trading, and angel investors such as Farcaster CEO Dan Romero and Worldcoin co-founder Max Novendstern participating.
The project has previously received financing from Paradigm, Alameda Research and Three Arrows Capital. The new funds will be used to build a technology-forward city to support the development of cryptocurrency, artificial intelligence, energy and biotechnology.
A report published in the Wall Street Journal stated that the location of the future Praxis city has not yet been determined. The project's website also shows that the project has nearly 14,000 "Praxians" who live all over the world.
You may also like
Dialogue Michael Saylor: The cost of holding strategy has no substantial meaning, Bitcoin's utility is high, so its volatility is large
Strategy founder Michael Saylor recently appeared on Bitcoin educator Natalie Brunell's YouTube podcast, discussing topics including why Bitcoin has not reached new highs; whether price suppression really exists; quantum computing; and Strategy's cost basis.
When everyone is selling software stocks, HSBC says you are wrong
The panic in the market is a misjudgment.
Will 99% of tokens go to zero?
The cryptocurrency industry is undergoing a reshuffle, with 99% of tokens likely to go to zero, and only a few projects with underlying business and token consistency will survive.
How did the great detective ZachXBT become adept at solving bizarre cases?
The field of cryptocurrency has never lacked heroes and villains. Most heroes are the founders of protocols or investors who time their trades perfectly. ZachXBT is different. He is a hero because he chooses to protect people rather than profit from them.
The cryptocurrency crash that evaporated 40 billion dollars, some people knew the outcome 10 minutes in advance
The truth is gradually coming to light.
Institutions are embracing cryptocurrency, but practitioners are unusually frustrated. Who will ultimately win?
Perhaps, "institutional adoption" is not a mission, but a form of extraction strategy.
Morning Report | Bitwise acquires Chorus One; Circle announces Q4 2025 and full-year performance; Stripe initiates share buyback at a valuation of $159 billion
Overview of Important Market Events on February 25
Vitalik Chiang Mai Dialogue: The Explosion of Artificial Intelligence, What Should Crypto Fight For?
Vitalik talks to Michel Bauwens: Reflecting on the original intention of Ethereum, advocating for "regenerative accelerationism" to deeply embed crypto technology into global collaboration and a real productive economy.
Stock price rises over 35%! Circle's financial report exceeds expectations: USDC circulation surges by 72%
Does the AI agent payment narrative open up a valuation imagination space?
A transaction of $0.1 can cause Polymarket market makers to lose everything
A blockchain transaction of less than $0.1 can instantly erase market orders worth tens of thousands of dollars from Polymarket's order book. This is not a theoretical deduction, but a reality that is happening.
The AWS of the Financial World: Why It Becomes the Biggest Winner in the Era of AI + Stablecoins
Stripe 2026 Strategic Deep Dive: Not just a payment giant, but also transforming into a global financial operating system for the AI and stablecoin era through the acquisition of Bridge and Privy.
Token goes overseas, selling Chinese electricity to the world
A smoke-free war of electricity.
Morning Report | Kalshi publicly punishes insider trading for the first time; STS Digital completes $30 million financing; American Bitcoin announces 2025 financial report
Overview of Important Market Events on February 26
The handover of the payment industry: The hundred billion unicorn Stripe may swallow PayPal, heavily investing in stablecoins and AI
Payment Epic Restructuring: Stripe plans to "reverse acquire" the pioneer PayPal at a valuation of $159 billion, accelerating its layout in stablecoins and AI Agent-driven next-generation financial tracks.
The price of Aave has dropped over 82% from its peak, and an ecosystem contributor has revealed the current operational status in a lengthy article
As a leading community governance project, Aave is facing a serious funding transparency crisis. In response to Aave Labs' budget proposal of up to $51 million, ACI countered with a cost of $4.6 million to leverage a $140 million annualized revenue ledger, directly questioning the real output of the...
It's 2026, how should we reasonably assess the market value of L1?
Due to the structural characteristics of open permissionless networks, the transaction fees and MEV income of L1 public chains such as Bitcoin, Ethereum, and Solana are being systematically arbitraged and continuously diverted by new models within the ecosystem.
Why did Bitcoin, which was supposed to hit $150,000, get cut in half, and the mastermind behind it is actually Jane Street?
At 10 AM sharp, the market was smashed: Unveiling the sophisticated machine behind Jane Street's suppression of Bitcoin prices.
ZachXBT exposes the Axiom insider scandal, how internal employees abuse their privileges?
Users trust the immutability of smart contracts, but forget that at the moment they complete the input of personal information and bind their wallets, they have handed over the most critical information to a completely centralized organization.
Dialogue Michael Saylor: The cost of holding strategy has no substantial meaning, Bitcoin's utility is high, so its volatility is large
Strategy founder Michael Saylor recently appeared on Bitcoin educator Natalie Brunell's YouTube podcast, discussing topics including why Bitcoin has not reached new highs; whether price suppression really exists; quantum computing; and Strategy's cost basis.
When everyone is selling software stocks, HSBC says you are wrong
The panic in the market is a misjudgment.
Will 99% of tokens go to zero?
The cryptocurrency industry is undergoing a reshuffle, with 99% of tokens likely to go to zero, and only a few projects with underlying business and token consistency will survive.
How did the great detective ZachXBT become adept at solving bizarre cases?
The field of cryptocurrency has never lacked heroes and villains. Most heroes are the founders of protocols or investors who time their trades perfectly. ZachXBT is different. He is a hero because he chooses to protect people rather than profit from them.
The cryptocurrency crash that evaporated 40 billion dollars, some people knew the outcome 10 minutes in advance
The truth is gradually coming to light.
Institutions are embracing cryptocurrency, but practitioners are unusually frustrated. Who will ultimately win?
Perhaps, "institutional adoption" is not a mission, but a form of extraction strategy.
App