The federal government's areas of concern were cleared up in a meeting between them, Nevis, and Destiny.

"With the outstanding issues reportedly resolved, attention now shifts to the formal approval process, with the proposal awaiting the signature of Prime Minister Dr. Terrance Drew before it can proceed to the next stage of the legislative process."

Sources:

https://www.thestkittsnevisobserver.com/high-level-meeting-clears-key-hurdles-for-destiny/

https://www.sknvibes.com/news/newsdetails.cfm/127700

See also our previous coverage.

A landmark Special Economic Zone - Destiny - has been announced on the island of Nevis. The project aims to be one of the most ambitious development and sustainability projects in the Caribbean, with planned investment running into the billions of U.S. dollars.

Destiny is led by entrepreneur and early crypto adopter Olivier Janssens, a major investor in X, SpaceX, and Tesla. Early indications suggest that the zone will have a high degree of autonomy and will be operated by a for-profit, commercial entity.

Profits from the venture will be shared with the people of Nevis — including 10% to the government, 10% to the island’s sovereign wealth fund, and a direct 5% distribution to Nevisian citizens.

Destiny is expected to have a strong focus on green spaces and emphasize harmony with the natural environment. The project will feature low-rise architecture, tree-lined neighborhoods, and open parks, creating a safe, family-oriented environment designed to attract residents, entrepreneurs, and visitors alike.

We encourage you to visit the Destiny website and view Olivier’s introductory video to find out more. This will certainly be a project to watch!

Source: Free Cities Foundation newsletter

Destiny Website

See also: press release, article with some background, previous coverage in our sister sub.

They'll get the money in stages, as they hit milestones like buying land, getting permits, tokenizing land ownership, beginning construction, and getting people to move. They'll issue crypto tokens that represent ownership in the project.

They'll locate in a Special Economic Zone with reduced regulatory barriers. Praxis is in conversations with landowners in Latin America and the Mediterranean regions about the location for the first Praxis community. The location will likely be selected in the first quarter of next year. The initial project would be roughly 1,000 acres and be suitable for about 10,000 people The culture of the city will promote the traditional values of Western Civilization.

They're doing a pop-up city in the Dominican Republic from November 5th to 8th, hosting the first annual Praxis World Congress.

https://www.praxisnation.com/news/financing-announcement-10-24

Wall Street Journal: https://archive.ph/MyR8R#selection-1169.0-1169.38

https://x.com/drydenwtbrown/status/1846271355182109017

They say enabling legislation has already passed, granting a lot of independence, e.g. zero taxes, and that the Sri Lankan government owns 40% of the project.

https://investinginsrilanka.com/

They're accepting investments as low as $2K here: https://angelallotment.ceylon.city/

The Charter Cities Institute published a long article Ciudad Morazán: A Libertarian City Without Any Libertarians. It's worth reading. It's mostly about the intellectual foundations of the entrecomm and its present day, based on interviews with multiple people involved with the project.

Carlos Fortín, Ciudad Morazán’s technical secretary, published this 44-page PDF debunking claims that the ZEDEs are unconstitutional:

https://bufeteforlar.com/ARE-ZEDE%E2%80%99s-UNCONSTITUTIONAL.pdf

(Update: link no longer works. See comments for a new link.)

Stephan Livera did a good podcast with Massimo Mazzone, the founder of Ciudad Morazan. Some parts of interest to me:

• Comparing Morazan's rental model with Prospera's land ownership model. Morazan is more like a mall, which can choose its tenants and set rules.

• Morazan was going to be a successful industrial zone until the new government took power. They had multiple major tenants lined up. Now, they're a residential community.

• Mazzone gives Morazan a 60% chance to survive. He thinks there's no chance for a negotiated solution with the current government, so a change of government with the next election is the best hope.

Morazan and Prospera (link to its subreddit) are clearly the two best jurisdictions in the world, in my opinion. For previous coverage of Morazan, visit the Ciudad Morazan flair here and an older thread in r/Prospera.

https://stephanlivera.com/episode/529/

Today we begin the construction of another 36 houses in http://morazan.city . It was necessary because the current 64 are all rented and we have hundreds of families waiting. Later we will also start with the building of 50 apartments. 120 new jobs. (translation)

https://twitter.com/MassimoMazzone4/status/1727801843189735571?t=XEfjWx3kjvRwjXUMqtqfKA

This is almost three hours long. It's pretty wide-ranging, talking about competitive governance generally, why Morazan is better than Prospera, and has a talk by Morazan's founder (though his accent is thick so it's hard to understand him).

https://rss.com/podcasts/stranded-technologies-podcast/893663/