Akon The Singer the singer tweeted that he finalised an agreement to build a 2,000-acre “Akon City” in the West African country just like the futuristic African country in the 2018 film, “Black Panther,
He announced the plan for the crypto city at the Cannes Lion Festival in 2018.
He thinks blockchain can be the key to growth in Africa.
Akon said “I think that blockchain and crypto could be the saviour for Africa in many ways because it brings the power back to the people. Cryptocurrency and blockchain technology offer a more secure currency that enables people in Africa to advance themselves independent of the government.”
Akon City includes 54 African countries. He calls it a “uniting crypto-currency for Africa” and says it will “empower Africa.”
The Akoin ecosystem is a way to establish credit, borrow money, access government services among the African Countries.
He develop the crypto city designs, plans to build a 2,000-acre city and powered by a cryptocurrency named Akoin.