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Our mission is to accelerate technological progress to create a more vital future for humanity. To this end, we are developing cities designed to support those solving the world’s hardest problems.The Steel Visa is your entry point to the Praxis Community. It will evolve into an official Visa within the broader immigration framework of our host-country. — NYT
Joseph Bernstein writes about Dryden Brown and his plans for Praxis. Bruce Sterling was surprised (?) "People can still somehow raise money with an offshored islands-in-the-net racket". View full entry
Last week, our editorial team had some fun with the metaverse. While light-hearted in nature, our April Fools article was nonetheless inspired by the serious interest shown by our community, the architecture world, and society at-large in the metaverse and how architecture and design... View full entry
This morning, joggers in New York’s Central Park may have come across a curious, rather illustrious sight. A cube composed of 186 kilograms of pure 24-karat gold, conceived by the German artist Niclas Castello who has billed it as a conceptual “socle du monde” (base of the world) sculpture for our time, was wheeled out to the Naumburg Bandshell this morning at around 5:00am. — Artnet News
The one-day installation has its own security detail and will sit aptly in the Gilded Age landmark designed by Calvert Vaux and Frederick Law Olmsted before a turn as the guest of honor at a special celebrity-laden private dinner being held later this evening on Wall Street. A special kiln had to... View full entry
Indian Prime Minister Narendra Modi’s government has included hefty spending on infrastructure projects in its annual budget, looking to spur growth and improve its popularity just ahead of key state elections. The budget also includes a proposed 30% tax on income from cryptocurrencies. — ABC News
India also introduced a new digital rupee (after previously attempting a ban on cryptocurrencies) and plans to declare data centers and large energy storage systems as infrastructure in an effort to increase access to institutional funding. Hopes are that the investment in building projects will... View full entry
As part of the design community’s incorporation of talent into the nascent, ever-growing world of blockchain technology and digital architecture, more spaces are cropping up that have the potential to do outsized business opportunities with ramifications in the metaverse and beyond. One of those... View full entry
Staples Center is getting a new name for Christmas: Crypto.com Arena. The downtown Los Angeles venue — home of the Lakers, Clippers, Kings and Sparks — will wear the new name for 20 years under a deal between the Singapore cryptocurrency exchange and AEG, the owner and operator of the arena, both parties announced Tuesday. Crypto.com paid more than $700 million for the naming rights, according to sources familiar with the terms, making it one of the biggest naming deals in sports history. — Los Angeles Times
The arena’s new logo will debut on December 25th, and all of the Staples Center signage will be replaced by June 2022. The partnership between AEG and Crypto.com may see the integration of cryptocurrency and online payment into the arena. A 3,300-square-foot section at the entrance of the arena... View full entry
Recently, we took a closer look at how architecture and design may be affected by the rise of NFTs (non-fungible tokens), and the underlying blockchain technology supporting them. In the latest intriguing development on the subject, the digital art marketplace SuperRare has announced the launch of... View full entry
He imagines a sort of experimental community spread over about a hundred square miles, where houses, schools, commercial districts and production studios will be built. The centerpiece of this giant project will be the blockchain, a new kind of database that was introduced by Bitcoin. — The New York Times
Jeffrey Berns, who owns the cryptocurrency company Blockchains L.L.C., has bought 68,000 acres of land in Nevada that he hopes to transform into a community based around blockchain technology. His utopian vision, which would be the first 'smart city' based on the technology, involves the creation... View full entry
Today, listings from one coast to another tout Bitcoin as a way to make a property transaction. A new collection of haute residences in Hollywood with Los Angeles skyline views go for $1.21 million or its Bitcoin equivalent; in Washington, D.C., two-bedroom condos are on the market for between 36 and 84 Bitcoins. In Austin, the seller of one ranch is offering a “signficant discount” if the buyer pays with Bitcoin. — Curbed
Great longform piece by Andrew Zaleski for Curbed on how Bitcoin, blockchain technology, and other cryptocurrencies have changed—or not changed—the real estate industry. "While there are laws in Arizona and Vermont that allow blockchain technology to play key parts in property sales and... View full entry
Two entrepreneurs have figured out how to heat their homes for free: bitcoin mining.
Bitcoin transactions require a lot of processing power, which creates a lot of heat. So Ilya Frolov and Dmitry Tolmachyov built a wooden cottage in the Russian Siberian town of Irkutsk, and they’re heating it with two bitcoin mines. The men pocket about $430 a month from bitcoin transactions, while keeping the 20 square meter space warm.
— Quartz
A bitcoin vault doesn’t store actual bitcoin units. Technically, what’s being stored are private, cryptographic keys. It’s odd to think of a virtual currency needing physical storage, but just like your most precious photos, even a cryptocurrency needs some kind of material container. — Quartz
The company Xapo is using a decommissioned military bunker to safeguard its customers bitcoins. In this article from Quartz, Joon lan Wong describes his way into the vault storing millions of dollars worth of bitcoins and the numerous portals and gates he had to cross. View full entry
The growing interest in blockchain has morphed its concept into something new. Before, the blockchain was simply the spine of the bitcoin network, but today the technology is being used on a burgeoning list of distributed ledgers with varying degrees of openness, security and complexity.
[...]
Ethereum, a public blockchain platform created by Russo-Canadian programmer Vitalik Buterin...proposes to do away with middlemen everywhere, not just in finance.
— Wired
"Ethereum is a blockchain on steroids designed for more than trading cryptocurrency units or ‘coloured’ assets: developers can use it to build programs that interact with the world based on public rules enshrined in so-called smart contracts."Some architects are already working on utilizing... View full entry
