US hip hop star Akon has said that a deal to have him build a city in Senegal called the Akon City has been finalized.
Akon’s family originally hails from Senegal and in 2018 he announced plans to build a city in the West African nation where only a new cryptocurrency named after himself – called Akoin will be used.
At the time Akon said the “crypto city” in Senegal will portray “a real-life Wakanda” just like the fictional land of Wakanda in Marvel’s Black Panther.
Akon’s team said has has been given 2,000 acres of land by the President of Senegal to build the city.
He said on Monday that “Just finalized the agreement for AKON CITY in Senegal. Looking forward to hosting you there in the future.”
Just finalized the agreement for AKON CITY in Senegal. Looking forward to hosting you there in the future pic.twitter.com/dsoYpmjnpf
— AKON (@Akon) January 13, 2020
The Akon Crypto City will be “a short drive” from Dakar, the capital of Senegal and will be “the first 100% crypto-based city with AKoin at the centre of transactional life”.
Under the “Akoin Ecosystem”, consumers will be able to buy, hold and spend cryptocurrency straight from their smartphones.
“It brings the power back to the people and brings the security back into the currency system,” Akon explained.
“It also allows the people to utilise it in ways where they can advance themselves and not allow government to do those things that are keeping them down.”