Praxis
Network state / startup cityA venture-backed network state project founded in 2019, which raised $525 million in 2024 and claims over 150,000 online citizens. After years of criticism that it was marketing without a city, it announced a California site called Atlas in 2025. As of mid-2026 nothing has been built; treat the citizen count and the timeline with skepticism.
Trust shape
Entirely controlled by a venture-funded company that has yet to break ground on a city after six-plus years.
Facts
- Founded: 2019
- Scale: claims 150,000+ online citizens; no physical residents
- Online-first (no settled physical footprint yet)
- Last updated: 2026-06-12
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