Praxis: Another Tech Billionaire Backed Urban Project Gets $525 Million in Funding

Quick Summary:

The crypto industry has poured money into this election cycle, accounting for nearly half of the total corporate cash spent on political action committees this year.

And it’s an idea being championed by an Ayn-Rand-loving guy (Brown) who, by his own admission (as reported by the New York Times), dropped out of college, somehow landed a job as a hedge fund analyst, was fired from said hedge fund, and then, at some point in his mid-twenties, decided that his life’s mission should be to build a new city.

The “Network State” worldview is obsessed with cryptocurrency and sees speculative digital assets as the key to the weird high-tech future it wants to see manifest.

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Article Details

Author / Journalist: Lucas Ropek

Category: Technology

Markets: United States

Topics: Part City Network Money Urban Praxis Movement Create Crypto

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-16 @ 20:45:03 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: gizmodo.com

Language: English

Article Length: 768 words

Reading Time: 5 minutes read

Sentences: 24 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Gizmodo

News ID: 23093635

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