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Story summary
- Praxis CEO Dryden Brown announced the company will build its future city in Uruguay.
- Praxis is financed with hundreds of millions from a cryptocurrency firm.
- The hub will be located in +Colonia, a start-up city project near Colonia del Sacramento.
- +Colonia is led by entrepreneur Eduardo Bastitta, who serves as adviser to Argentine President Javier Milei.
- Founders rejected Mediterranean sites for conflict proximity and abandoned Greenland plans after public pushback.