Praxis’ $500m Financing: GEM Digital’s Capital Manipulation Game?

Praxis, a network-based nation project, recently announced it has secured more than $500 million in financing, mainly from GEM Digital and Arch Lending, to build a state-of-the-art technology city. With more than 14,000 members across 84 countries, Praxis aims to accelerate technological progress and revitalize Western civilization. The financing will be distributed over time as the project progresses, with Praxis providing GEM Digital with tokens representing ownership of future real estate development in return. However, due to previous investment scandals involving GEM Digital, the project’s financing has been put into question.

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