TechnologyCrypto-backed Praxis reportedly signs deal to build a city in Uruguay
The New York Times reports a city-building deal for the New York-based “digital nation.” A user sharing the story questions what would set it apart if it operates under Uruguay’s laws.
TLDR
The New York Times reports that Praxis, a New York-based, crypto-backed “digital nation,” has signed a deal to build a physical city in Uruguay. A user sharing the report says they thought Praxis was meant to be a “cryptostate” with its own laws, and asks how it would differ from a “WeWork apartment complex” if it operates within Uruguay’s legal system.
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Crypto-backed Praxis reportedly signs deal to build a city in Uruguay
The New York Times reports a city-building deal for the New York-based “digital nation.” A user sharing the story questions what would set it apart if it operates under Uruguay’s laws.
TLDR
The New York Times reports that Praxis, a New York-based, crypto-backed “digital nation,” has signed a deal to build a physical city in Uruguay. A user sharing the report says they thought Praxis was meant to be a “cryptostate” with its own laws, and asks how it would differ from a “WeWork apartment complex” if it operates within Uruguay’s legal system.