"Network Nation" Praxis completes $525 million financing, Farcaster CEO and others participate

By: blockbeats|2024/10/22 06:01:27

BlockBeats news, October 16, "Network State" project Praxis announced on Tuesday that it had completed $525 million in financing, with Arch Lending, Manifold Trading, and angel investors such as Farcaster CEO Dan Romero and Worldcoin co-founder Max Novendstern participating.

The project has previously received financing from Paradigm, Alameda Research and Three Arrows Capital. The new funds will be used to build a technology-forward city 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.

Hong Kong, Jan. 1, 2026. WEEX has entered into a new partnership with LALIGA, as an official regional partner of LALIGA in Taiwan and Hong Kong. The agreement brings WEEX into LALIGA’s network of regional collaborators and opens the door to new ways of engaging both fans and traders during the season.

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1. On-chain Volume: $69.3M USD flowed into Ethereum today; $59.5M USD flowed out of Arbitrum 2. Biggest Gainers and Losers: $OMNI, $BETA 3. Top News: LIGHT surged over 250% in the last 2 hours, breaking above $1.1

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The first large-scale adoption of a "yield-bearing stablecoin" was in China

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Market Update — December 31

From South Korea and the OECD accelerating the implementation of crypto regulation and compliance frameworks, to the simultaneous development of TAO ETFs, privacy technologies, mining, and Bitcoin reserves, while security incidents and financial losses continue to rise, the crypto market has entered a new phase amid multiple challenges of "strong regulation + technological evolution + amplified risks."

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Key Market Intelligence on December 30th, how much did you miss out on?

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Perpetual Contract Genesis: Pricing Liquidity with a Magic Formula, Transparency Prevents it from Reaching its Full Potential

A mechanism originally designed merely to peg derivative prices closely to spot may one day exert gravitational pull on the entire dollar system itself

Decode Stock on Chain: Why Are Crypto Enthusiasts Investing in US Stocks While Wall Street Is Going Blockchain Unfriendly?

When the crypto market is facing a periodic downturn, global top-tier institutions are betting on asset tokenization at the same time.