Rapper Akon Says World’s First Crypto City to be Built in Senegal by 2025

The hip-hop artist Akon has recently tweeted that he has ”just finalized the agreement” to invest in AKON CITY the first crypto city to be built in Senegal by 2025. Stating: “Looking forward to hosting you there in the future”.

The cryptocurrency city of future

Last years the early plans for the city of future were disclosed. An important feature of the project is that it is a “100% crypto-based city with Akoin at the center of transactional life.” The city will be the first to get the Leadership in Energy and Environmental Design (LEED) certification. It is located on a 2,000-acre lot gifted by the Senegalese president.

Akon strategies to develop a facility in the seaside town of Mbodiene, some 120 kilometers from Dakar. Last week the 46-year-old entrepreneur signed a ”memorandum of understanding” with Senegal’s tourism department SAPCO, hoping to make Akon City a tourist one.

In an interview with radio station Power 106 from November 20, Akon stated that the city is a long-term project. ”It’s a 10-year building block so we’re doing it in stages.” he said. ”We started construction in March [2019] and stage two is going to be 2025.”

The Akoin as the future of Africa

According to the official website, the Akoin will soon launch its beta platform. It is a basis of the developer team’s three-part vision 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 may not be the only magnate supporting rise of crypto in Africa. Despite refraining from comments on Akoin, Twitter and Square CEO Jack Dorsey sees Africa as the cryptospheric future. Last year, upon attending a Bitcoin meetup in Nigeria, he said “Africa will define the future (especially the bitcoin one!).”