- Akon finalizes plans for world’s first cryptocurrency city in Senegal
- The city is being erected on a 2,000-acre land
- Akoin website to launch a beta version of its platform
Cryptocurrency news today – the plans to build the first crypto city has been set in motion. The news started making rounds when Senegalese-American singer Akon posted a tweeted yesterday to confirm the report. Akon said:
“We have finalized an agreement for the construction of the AKON CITY in Senegal. We are looking forward to hosting you there soon.”
The tweet by the singer confirmed that the city is close to opening.
About the Futuristic Akon City
Recall a report from last year about plans for a futuristic city. The project is a “100% crypto city with Akoin the center of the transactional life of the occupants.” Per the report, the metropolis would be Senegal’s first LEED (Leadership in Energy and Environmental Design) certified city. The city will be built on a 2,000-acre land space given to Akon as a gift by Senegal’s president. The goal of the scheme is to promote crypto transactions in the region.
According to the report, the land at Mbodience (which is just a short drive away from Senegal’s recently built international airport), is the land that has been set aside for the project. Akon signed a memorandum of understanding last week, with SAPCO. SAPCO is Senegal’s state-owned department of tourism.
During an interview from November 2019 on the Power 106 radio station, Akon City is described as a long-term undertaking. According to Akon, it is a 10-year building block which is why it will be done in stages. The 45-year-old entrepreneur said construction began in March of 2019 and that stage two will be initiated in 2025.
Akon isn’t the Only Pro-afro Crypto Mogul
The Akoin, per what is stated on its site, will launch its beta platform soon. It will be the stepping stone for a three-part vision of the Akoin team to empower “rising entrepreneurs with real-life and digital tools. The scheme is set to help brands unlock Africa’s rising economy.”
When Senegal’s Consulate General was approached about information on the Akon City, the office said it hasn’t received any legal documents on the project as of press time. It appears Akon might not be the only pro-Africa crypto mogul out there. Jack Dorsey, Twitter, and Square CEO has been supportive of Akoin. He views Africa as the cryptospheric future. From a report from last year, Dorsey, who has already pledged the integration of Bitcoin into his businesses (Twitter and Square), attended a Bitcoin meeting in Nigeria.