The city of Praxis is a startup and intentional community project. Currently the project is trying to secure a Special Economic Zone-style legal framework and city site, focusing on the Mediterranean.
Will construction of Praxis begin before the end of this decade?
See also:
1,000People are also trading
So apparently it is not Peter Thiel backed, despite professing a very much Thiel compatible ideology. And therefore it appears fairly vaporwavy in this post-crypto, high interest rate environment.
https://www.nytimes.com/2023/12/12/style/praxis-city-dryden-brown.html
But Mr. Brown has found a chilly reception in at least one important court: According to the person familiar with Mr. Thiel’s investments, Mr. Brown has pitched multiple representatives of Mr. Thiel’s over the past year, all of whom turned him down. The source said that Mr. Thiel didn’t think Praxis was capable of executing on its ambitious plans.
@CamillePerrin I would go deeper NO here, but I feel a stupid stunt of building a small number of homes is still possible even without Thiel money, and that might be enough to resolve YES
@CamillePerrin Thanks for the link, saw this this morning but didn't get a chance to read till now. Removed the mention of Thiel in the title of this question to reflect the news that Thiel is not directly backing the project.