{"id":19993,"date":"2022-03-04T10:56:40","date_gmt":"2022-03-04T09:56:40","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=19993"},"modified":"2022-03-04T10:56:48","modified_gmt":"2022-03-04T09:56:48","slug":"peter-thiel-backed-startup-praxis-secures-15m-in-series-a-funding","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/peter-thiel-backed-startup-praxis-secures-15m-in-series-a-funding\/","title":{"rendered":"Peter Thiel backed startup Praxis secures $15M in Series A Funding"},"content":{"rendered":"\n
Praxis, a city-building business sponsored by Peter Thiel<\/a>, is building a crypto-powered city utopia. The project has acquired $15 million in Series A funding from a number of crypto venture firms.<\/h5>\n\n\n\n
\"Peter<\/figure><\/div>\n\n\n\n

According to the company website, Dryden Brown of New York University <\/a>and Charlie Callinan of Boston College co-founded Praxis, formerly Bluebook Cities in 2019, with the purpose of “creating the city-cryptostate to actualize a more dynamic future.”<\/p>\n\n\n\n

Praxis seeks to move away from “artificially scarce metaverses” in order to create a city-state based on “shared ideals” rather than “Industrial Age labour market principles.” According to reports, the cryptocurrency-run city will place a strong emphasis on practical architecture and environmental technology.<\/mark>\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a><\/p>\n\n\n\n

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Money made from crypto has gone into art jpegs and artificially scarce 'metaverses'. We want to put it into beautifully-designed homes and urban environments, parks and regen. agriculture – and more. We reject scarcity. We are infinitely and definitely optimistic about life. https:\/\/t.co\/ZigR1FKRpt<\/use><\/svg><\/span><\/a><\/p>— \ud835\udd2d\ud835\udd2f\ud835\udd1e\ud835\udd35\ud835\udd26\ud835\udd30 (@praxisnation) March 3, 2022<\/use><\/svg><\/span><\/a><\/blockquote>

Praxis has yet to obtain a large land purchase on which to develop their metropolis<\/a>, however, it is rumoured that they are considering a location near the Mediterranean. Dryden Brown, a co-founder, said in a YouTube interview:<\/p>\n\n\n\n

\u201cWe are not trying to be a total sovereign nation or something like that. We want to partner with a government and build something really cool that works with us and works for them and is mutually beneficial.\u201d<\/p><\/blockquote>\n\n\n\n

Leading crypto VCs involved in the fundraising<\/h2>\n\n\n\n

Investors in this round include Apollo Projects and Robot Ventures, in addition to Paradigm, Alameda Research, and Three Arrows Capital<\/a>.<\/p>\n\n\n\n

Balaji Srinivasan, a digital entrepreneur, and the Winklevoss twins were among the investors in Praxis' seed round, which raised $4.2 million late last year.<\/p>\n\n\n\n

In November of last year, Paradigm dethroned a16z as the world's largest crypto venture capital fund,<\/a> raising $2.5 billion for its “New Venture Fund.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Praxis, a city-building business sponsored by Peter Thiel, is building a crypto-powered city utopia. The project has acquired $15 million in Series A funding from a number of crypto venture firms. According to the company website, Dryden Brown of New York University and Charlie Callinan of Boston College co-founded Praxis, formerly Bluebook Cities in 2019, […]<\/p>\n","protected":false},"author":12,"featured_media":19998,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[7844,7842,7841,7843],"class_list":["post-19993","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto-vcs","tag-peter-thiel","tag-praxis","tag-series-a-funding-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/03\/image-31.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/19993","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=19993"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/19993\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/19998"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=19993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=19993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=19993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}