Crypto millionaires building their own cities in Central America

Mama Suka
Aug 15, 2022

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https://bit.ly/3QJT6g9

Próspera’s advisors include Oliver Porter, founder of Sandy Springs, Georgia — until recently a fully privatized city in the US that Próspera’s outsourcing model will mimic. So far, Próspera says, Silicon Valley venture capitalists and private investors have put $50 million into the project, with another $100 million fundraising round underway.

The amount raised so far includes money from billionaire Peter Thiel, venture capitalist Marc Andreessen, and investors Roger Ver and Balaji Srinivasan through Pronomos Capital. Pronomos Capital told Bloomberg in 2018 that it had discussed setting up semi-autonomous cities in countries including Ghana, Honduras, the Marshall Islands, Nigeria, and Panama.

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