Music mogul Akon tweeted yesterday that he had just sealed an agreement to get his AKON CITY ambition off the ground. The “Lonely” and “Locked up” hitmaker who was partly responsible for giving the world Lady Gaga revealed his aspirations for having a crypto city last year. Before this, he was working on his lighting project that seeks to power up remote parts of Africa. In a VLAD TV interview in 2018, he revealed that he had received a $1 billion Chinese credit line to boost the lighting project.
The planned crypto metropolis will be a 100% crypto city and Senegal’s first Leadership in Energy and Environmental Design (LEED) – certified city. The city will sit on a 2,000-acre parcel of land gifted to the entrepreneur by the Senegalese president. Reports suggest that this parcel of land is in Mbodience, which is a short drive from Senegal’s international airport. The music artist/ entrepreneur reportedly signed a memorandum of understanding with SAPCO, which is Senegal’s state-owned tourism department.
In an interview on popular radio station power 106, Akon revealed that the crypto city would be a long-term undertaking. “It’s a 10-year building block, so we’re doing it in stages. We started construction in March 2019, and stage two is going to be 2025,”
The Akoin, which will be the foundation crypto token for the city, will soon be launching its beta platform. The token is the foundation of the Akoin’s three-part vision which is to empower “rising entrepreneurs with digital and real-life tools and services; and enabling brands to unlock the power of Africa’s rising economy.”
Akon is not the only pro-crypto mogul with his eyes set on Africa. Twitter and Square CEO Jack Dorsey has also made it known that the continent is on his radar. Though he has not spoken about Akon’s Akoin and the planned crypto city, he did attend a crypto meet-up in Nigeria. At the gathering, he said, Africa will define the future (especially the Bitcoin one!).”
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