Singer Akon tweeted yesterday, "Just finalized the understanding for AKON Metropolis in Senegal. Looking forward to hosting you there in the future."

The futuristic city

Last year, Cointelegraph reported early plans for the futuristic city. The project portends a "100% crypto-based city with Akoin at the middle of transactional life." The metropolis would become Senegal's offset Leadership in Energy and Environmental Pattern (LEED)-certified urban center. Information technology is set on a two,000-acre bundle gifted by the Senegalese president.

Reports hint at Mbodience, a short drive from Senegal'south new international airport, as the land in question. Terminal week, the 45-year-one-time entrepreneur signed a "memorandum of understanding" with SAPCO, Senegal'southward land-owned tourism department

According to an interview from November on radio station Power 106, Akon Metropolis is a long-term undertaking. "It's a 10-year edifice block so we're doing it in stages. Nosotros started construction in March [2019] and stage two is going to exist 2025," Akon said.

The Akoin as Africa'due south future

But the Akoin, according to its web site, will before long launch its beta platform. It's the foundation of the Akoin team'due south three-part vision to empower "rising entrepreneurs with digital and existent life tools and services; and enabling brands to unlock the power of Africa'south rising economic system."

Cointelegraph reached out to the Consulate General of Senegal, which had all the same to receive legal documents on Akon City at press fourth dimension.

Akon may not exist solitary equally a pro-Africa crypto mogul. Although Twitter and Foursquare CEO Jack Dorsey has been mum on Akoin, he views Africa broadly as the cryptospheric future. Cointelegraph reported last year that Dorsey, who has pledged integration of Bitcoin into both Twitter and Square, attended a Bitcoin meetup in Nigeria. He said, "Africa will define the future (especially the bitcoin one!)."