Full Breakdown
Praxis Chooses Uruguay for Tech Utopia Project
By Drooid · · How we work
Core Announcement: Praxis selects Uruguay for new city
Praxis, a venture backed by a crypto-funded financing round of “hundreds of millions of dollars,” has announced that it will build its planned “city of the future” on the riverbanks of Uruguay. The project will be situated within the start-up enclave +Colonia, a development near the historic town of Colonia del Sacramento that is being constructed by an Argentine firm.
Background and Site Selection
The Praxis founders spent several years scouting locations worldwide. They initially evaluated sites around the Mediterranean but deemed the region too close to active conflicts. The team also considered purchasing land in Greenland, but public opposition led them to abandon that option. After weighing alternatives, the founders concluded that Uruguay offered the political and geographic conditions they seek for their Western-centric vision.
Key Figures and Partner Projects
- Dryden Brown – chief executive of Praxis, a 30-year-old former professional surfer who left his previous job at 23.
- Eduardo Bastitta – entrepreneur leading the +Colonia development, appointed as an adviser by Argentine President Javier Milei.
- Javier Milei – President of Argentina, who named Bastitta as an adviser in connection with the +Colonia project.
Official Statements & Responses
Praxis representatives indicated that the Uruguay location aligns with their goal of “reinventing Western culture” and that the partnership with +Colonia provides a ready-made infrastructure framework. The Argentine government, through President Milei’s appointment of Bastitta as an adviser, has signaled official support for the broader start-up city initiative that will host Praxis.
Verbatim Quotes
- “The world tour has concluded: We’ve chosen Uruguay,” — Dryden Brown, the chief executive of Praxis