Senegalese-American musician and entrepreneur Akon says he will build the world’s first crypto city in Senegal. He says that implementation of the project has received the green light from the Senegalese authorities.
The metropolis will be built on a 2,000-acre piece of land in that is to be gifted to Akon by Macky Sall, the president of Senegal. It will be sited in the seaside village of Mbodiene, five minutes from Senegal’s new international airport.
Akon Crypto City
Akon Crypto City will be the first of its kind, a 100 percent crypto-based city that will be built exclusively for Akon’s digital cash currency, ‘Akoin’ which will be launched in July. Akoin is a new cryptocurrency and also the foundation of the Akoin Ecosystem, a unique global project that offers an abundance of digital and in-real-life platforms and experiences that create opportunity and inclusion for youth entrepreneurs by allowing consumers to buy, hold, and spend cryptocurrency right from their smartphone through a suite of blockchain-powered apps.
The AKoin Ecosystem unlocks the potential of the world’s largest emerging economy through the creation of a stable currency and innovative, revenue-generating opportunities that stimulate and support youth entrepreneurship, economic stability, and growth across Africa and the world.
The first crypto city in the world will feature blends from leading Smart City planning designs with a blank canvas for cryptonising daily human and business exchanges, with the goal of inventing a radical new way of existence. It will also be an all renewable city lighted by solar power. According to the entrepreneur, the project will take 10 years to be completed and construction will be done in phases. Building the futuristic city is estimated to cost $2bn.