1. Introduction
Praxis is defined as the world's first network state, a global online community with a national consciousness, and will crowdfund a physical city.



The core goal of Praxis is to establish a city involving major concepts including:

AI: Scalable power and data centers, loose model regulation

Cryptocurrency: Increasing consumer access and efficiency

Energy: Primarily focusing on nuclear fission, nuclear fusion, etc.

Vision: The Network State



2. Key points of the Network State

Background:

The Network State is a new political paradigm formed by on-chain communities, seeking diplomatic recognition for statehood through crowdfunding global territory.

Modern power no longer primarily relies on land, but rather on the occupation and influence of ideas, especially through globally communicated communities via the Internet.



The entire process consists of 3 projects:

Network State Platform: Mainly used to coordinate economic and social activities.

Will start building from the identity system of 'Steel Visas' for managing citizenship.
An asset registration system will also be launched, capable of immediately enabling an on-chain population census dashboard, with plans to integrate financial services in the future.

Pop-Up City: Temporary urban site activities

Gathering a large number of citizens at a location to simulate the operation of a city, primarily to assess the feasibility of potential urban sites and strengthen connections among community members.

City: City

The final phase of site selection will provide a physical place for Praxis citizens to realize their ideals, and through on-chain technology, will put the city’s assets and transactions on-chain.



3. Participation

1) Click the link
https://praxisnation.com/join?utm_source=website&utm_medium=citizenship…
2) Register as a Nomad to join Discord for the chance to obtain the Steel Visa Citizenship role.
3) Fill out some reasons and opinions for the application, etc.
4) https://discord.gg/praxis



Related projects and fields:

DeFi related: Reflexer, Uniswap, MakerDAO, Polymarket, and Lido.
On-chain infrastructure: ZK, FHE, privacy ID, payments, communication, RWA
Internet of Things: Depin
Fund: Tokenized fund launched with BlackRock



4. Financing

Completed a $4.2 million seed round in 2021.

Completed a $15 million Series A in March 2022, with participation from Paradigm, Three Arrows, Alameda, Robot, etc.

On October 16 of this year, completed $525 million, with Arch Lending, GEM Digital, Manifold Trading, etc., angel investors include Dan Romero (CEO of Farcaster), Tom Schmidt (General Partner of Dragonfly), Rob Hadick (General Partner of Dragonfly), etc.



5. Evaluation and Controversies: (including personal opinions)

1) The vision of Praxis is grand, but if it is based on the internet without mentioning blockchain, it feels like the internet still has a long way to go.
Of course, there are many details about Praxis that have not yet been disclosed, so it is difficult to comment.

2) GEM Digital involves investment scandals, see details: https://t.co/c1IRi1W9zN

3) Similar concepts are not new; related content has been mentioned by Hayek, utopian socialism, Asimov, sovereign individuals, and V God, but if Praxis wants to establish a city, then all I can say is good luck. The steps are too big, and there currently seems to be no effective overall plan, so it is recommended to participate while keeping an eye on developments.

4) With the powerful development of AI, such as GOAT, AI can really help us do many things; it's hard to imagine what the future holds. Let's wait for the beautiful new world.

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The Network State: Crypto’s End Game

Original text: https://t.co/1SS8DN00fM



Chinese version: By GPT

https://t.co/ushXoMW3Nb