SENEGAL, Africa – Rapper and entrepreneur Akon has created a brand new metropolis in Senegal that trades solely along with his personal digital money forex.
The settlement for “Akon City” was finalized on Monday, in accordance with the “Locked Up” singer’s Twitter.
“Looking forward to hosting you there in the future,” Akon tweeted.
Akon Metropolis might be constructed on 2,000 acres of land that was gifted to the Grammy-nominated artist by Senegalese President Macky Sall. The town will function utilizing “Akoin,” a cryptocurrency developed by Akon to advertise monetary independence from African governments.
“I think that blockchain and crypto could be the savior for Africa in many ways because it brings the power back to the people and brings the security back into the currency system,” Akon said.
“[It] also allows the people to utilize it in ways where they can advance themselves and not allow government to do those things that are keeping them down.”
Akon mapped out his vision for town throughout an appearence on Nick Cannon’s radio present final 12 months.
“[It’s] A real physical place, it’s going to have a real airport,” he defined to Cannon. “It’s a 10-year building block so we’re doing it in stages.”
Building on the challenge began in March 2019 and stage two is scheduled to start someday in 2025.
Lately, Akon, a local of Senegal, has shifted away from music in favor of specializing in enterprise endeavors that help the folks of Africa.
His most up-to-date enterprise enterprise, Akon Lighting Africa, focuses on offering photo voltaic vitality to African nations.
This story was reported from Los Angeles.