Praxis Secures $525 Million Funding To Advance Network Nation Project

According to Foresight News, the 'Network Nation' project Praxis has announced the completion of a $525 million financing round. The investment was led by GEM Digital, Arch Lending, and Manifold. Notable angel investors include Dan Romero, CEO of Farcaster; Tom Schmidt, General Partner at Dragonfly; Rob Hadick, General Partner at Dragonfly; Anirudh Pai, Partner at Dragonfly; Kartik Talwar, CEO of ETHGlobal; Mert, CEO of Helius Labs; Max Novendstern, Co-founder of Worldcoin; and Will Price, among others. Praxis claims to be the world's first network nation, an internet-native alliance aimed at accelerating technological progress and revitalizing Western civilization. The project boasts a community of over 14,000 Praxians residing in 82 countries. In March 2022, Praxis completed a $15 million Series A funding round led by Paradigm, with participation from Apollo Projects, Alameda Research, Three Arrows Capital, and Robot Ventures.