Singer Akon tweeted yesterday, "Just finalized the agreement for AKON CITY 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 center of transactional life." The metropolis would become Senegal's first Leadership in Energy and Environmental Design-certified city.
Reports hint at Mbodience, a short drive from Senegal's new international airport, as the land in question.
Last week, the 45-year-old entrepreneur signed a "Memorandum of understanding" with SAPCO, Senegal's state-owned tourism department.
According to an interview from November on radio station Power 106, Akon City is a long-term undertaking.
"It's a 10-year building block so we're doing it in stages. We started construction in March and stage two is going to be 2025," Akon said.
The Akoin as Africa's futureBut the Akoin, according to its web site, will soon launch its beta platform.
It's the foundation of the Akoin 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."
Cointelegraph reached out to the Consulate General of Senegal, which had yet to receive legal documents on Akon City at press time.
Singer Akon Says World's First 'Crypto City' Set for Senegal 2025
Published on Jan 14, 2020
by Cointele | Published on Coinage
Another mainstream company is seeking approval to invest in crypto
Anthony Scaramucci's investment firm, SkyBridge, seeks approval from the SEC to invest in crypto.
COVID-19 popularized decentralization, but blockchain may not catch on
On Nov. 9, drugmaker Pfizer announced that its COVID-19 vaccine is 90-plus percent effective, and even though it may be premature to proclaim the pandemic's end - as the virus continues to rage in the United States and Europe - once can at least speculate: Where will blockchain adoption stand when the crisis abates?
Bitcoin hits new 2020 high at $16.7K -Traders expect bigger breakout
The price of Bitcoin hit a new yearly high at $16,717 on Binance.
The next big crypto market could be fantasy sports, says Messari
As "Digitally native" ecosystems like esports continue to synergize with blockchain technology, industries like fantasy sports could be primed for mass adoption, says digital research firm Messari.