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Gabriel Gatehouse is on holiday with his family when he gets an invitation to an exclusive party in New York City from a group called Praxis. The tech start-up plans to create a new sovereign state somewhere on the Mediterranean coast, part of a new tech movement called ‘the network state’. The idea is that these statelets, governed not by a giant state bureaucracy but on the blockchain, will eventually replace the nation state. Gabriel meets crypto cowboys cheering on the end of democracy and tech bros hoping to replace the dollar with meme coins. It looks like kids playing around, larping as revolutionaries. But kids playing around with memes gave rise to Pizzagate, Qanon and Jan 6…

Producer: Lucy Proctor
Sound design and mix: James Beard
Editor: Richard Vadon
Script consultants: Richard Fenton-Smith and Afsaneh Gray
Commissioning editor: Dan Clarke
Original music: Pete Cunningham