Odaily News The "Network State" project Praxis announced on Tuesday that it had raised $525 million in financing, with participation from angel investors such as Arch Lending, Manifold Trading, Farcaster CEO Dan Romero and Worldcoin co-founder Max Novendstern. The project had previously received financing from Paradigm, Alameda Research and Three Arrows Capital. The new funds will be used to build a city at the forefront of technology 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. (The Block)