Peter Thiel aimed to create a crypto-nation in Greenland through the Praxis startup
Palantir founder Peter Thiel launched a project to establish a crypto-nation in Greenland by investing in the startup Praxis, which explores the potential of developing a digital nation in this region. This initiative is significant for the future of sovereignty and digital economy.
Praxis is a startup that aims to create a new form of "digital state" or global network, uniting people based on shared values. The project envisions a physical territory for living and working, where a city will be governed using blockchain technology and cryptocurrencies. A core idea is minimising government intervention, fostering the development of artificial intelligence, biotechnology, and creative industries in a free environment.
The startup is currently assessing various locations for its project, with Greenland as a prime candidate. The implementation of this ambitious concept could mark the beginning of a new kind of digital society with innovative economic and governance models.
