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Nexus X Humectress- Praxis has raised $19million in funding from several big tech backers including the fund which had a $125million stake in FTX
- But the company is light on details, with no fixed site for its first city and uncertain membership numbers
- Its founder, Dryden Brown, has been accused of being part of a ‘creepy internet subculture’
NYU dropout, Dryden Brown, 27, has raised $19 million to build a new Mediterranean city ‘for the future’, Praxis, for ‘people who want to build technology companies’.
Brown is yet to secure a location for his company’s flagship city, but promises it will have ‘thousands of acres of Mediterranean canvas’ and be a ‘special economic zone’.
Interested parties can apply for a ‘steel visa’ which would allow them to become a resident if the city is built, but the Praxis website warns they may then be asked to make a $5,000 deposit to ‘move forward’.
Brown claimed there are 12,000 people already interested in moving to the unbuilt city – but then clarified to the New York Times this was the number of people who had signed up for Praxis group chats on Discord, Telegram, and Signal.
The Times claims that beneath the shiny exterior, Praxis is part of a ‘creepy internet subculture’ and a ‘fascist breeding ground within the American right’.
An internal Praxis memo seen by the Times reportedly extols ‘traditional, European/Western beauty standards on which the civilized world, at its best points, has always found success.’
