Akon is moving forward in completing his $6 billion futuristic cryptocurrency city, ‘AKON CITY’, describing it as a “real-life Wakanda” in Senegal, West Africa.
The R&B singer said he hoped the city could tackle poverty by providing jobs to Senegalese people and serve as a “home back home” for African Americans.
“The system back home treats them unfairly in so many different ways that you can never imagine. And they only go through it because they feel that there is no other way. If you’re coming from America or Europe or elsewhere in the diaspora and you feel that you want to visit Africa, we want Senegal to be your first stop,” he said.
According to the Guardian, the 800-hectare, surrealist, solar-powered city, backed by the Senegalese government and funded by unnamed investors, was first announced by Akon in 2018. The construction of the city will take place in Mbodiene, 62 miles from the capital, Dakar.
AKON CITY will be divided into 7 major districts including the African culture village district, the offices and residential district, the entertainment district, the health and safety district, the education district, the technology district, and the Senewood district.
The city will also fully run on AKoin, a cryptocurrency that the singer named after himself. The “AKoin ecosystem” will allow consumers to perform transactions of the cryptocurrency straight from their smartphones.
According to the website, the city will set the standard for all future real estate development in Senegal as a country and region as a whole. Furthermore, the website claimed that the city will be easily accessible to commuting as well as to the general public.
Akon posted on his Twitter yesterday (Tuesday, September 1st) that he had laid the foundation stone of the city on 31st August.
— AKON (@Akon) August 31, 2020