Rapper Akon has finalized an agreement to build a cryptocurrency-fueled city in Senegal.
The imagined new city, named Akon City, is being planned from the ground up on an economy that utilizes the cryptocurrency Akoin. According to a tweet, the rapper had received a green light from Senegal officials to move forward on the project.
Just finalized the agreement for AKON CITY in Senegal. Looking forward to hosting you there in the future pic.twitter.com/dsoYpmjnpf— AKON (@Akon) January 13, 2020
In addition to cryptocurrency, Akon City will reportedly be the first city to run entirely on renewable energy, with the rapper envisioning it as a real-life version of the fictional nation Wakanda from Marvel’s Black Panther series. Akon was gifted the 2,000-acre piece of land in 2018 by Senegalese president Macky Sall.
According to the official roadmap for Akoin, the cryptocurrency is expected to launch and be listed on exchanges in the first half of 2020, despite not yet having a white paper. Akoin is being billed as a “unique” ecosystem to bring together digital and real-life tools and services. The project is placing an emphasis on supporting the efforts of African entrepreneurs.
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