It is rooted in initiatives like the Seasteading Institute, which basically seeks to create a startup sector in governance and institutions.

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Then there was Patri Friedman, the founder of the Seasteading Institute.

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Thiel and fellow young tech billionaire Dustin Moskovitz, co-founder of Facebook, are slated to attend the next Seasteading Institute fundraising event in December, according to Friedman.

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