Praxis announced that it has raised an astonishing $15m from top VCs such as Alameda Research, Thre Arrows Capital, Appollo Projects and others.
This round was led by Paradign, an investment firm focused on supporting the great crypto/Web3 companies and protocols of tomorrow.
In an earlier post I made, I wrote about how Paradign raised $2.5bn to invest in Web3, DeFi and crypto at large. You can read that here >>>> Paradign raises $2.5bn
Praxis claims to be a vision for the future. A better future to the one we currently have which is “decaying”. Whether that future will be in Mars or the Metaverse remains to be seen.
With this fund, the Praxis team can get to work with the greatest freedom they need, as well as being able to onboard the right people to help them achieve their goals.
The Praxis team includes founders of publicly traded companies, Y Combinator executives as well as other notable persons in government and other high level projects.
This investment round comes after raising $4.2m back in November of 2021. An investment round led by BedRock.
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