Singer Akon Plans $6 Billion Futuristic Metropolis In Senegal

Senegalese-born American singer Akon is scheduling to develop a intelligent town in Senegal. The venture, which is estimated to price about $6 billion, will be built on a 2,000-acre futuristic metropolis. The smart city, identified as “Real-Life” Wakanda, will consist of an synthetic-intelligence info heart, a stadium, a medical center, offices, condos, and a luxurious vacation resort. Residents in the town will be shelling out for any provider by using the singer’s cryptocurrency identified as Akoin.

The challenge will be intensely funded by a Kenyan entrepreneur who has experienced a heritage of the alleged fraud.

Empowering youths in Africa

While unveiling programs for the project, Akon said when the venture is full, it will empower African youths. Though there have been several particulars about the undertaking that have been produced so significantly, an architect from Dubai and a Los Angeles development organization have previously been contacted for the Akon City project.

There’s no doubt that Akon has come to be has reined in the American new music sector for several years now. But the multiple award-winning singer is now pursuing other issues and doesn’t want his legacy to keep on being only in music.

“One of my most important fears was just staying known for singing and dancing,” Akon informed Business Insider during a get in touch with.

Despite the fact that the singer’s music might no more time be the anthem as they employed to be, Akon has not been idle. He has been incredibly energetic in other jobs and has now develop into a tech entrepreneur in Africa.

He started out with a solar energy firm in advance of obtaining a diamond mine in South Africa. Akon has also launched his Akoin cryptocurrency, which will be the sole transaction enabler when Akon metropolis goes live. The 2,000-acre futuristic town will be created to serve as a business hub and will be stuffed with gleaming palm trees and skyscrapers. The approach will make it possible for residents to shell out for taxes, business licenses, as well as essential utilities making use of the Akoin cryptocurrency.

Akon explained he’s not likely to end just with this intelligent metropolis, as there is a program to make very similar sensible metropolitan areas in other sections of Africa.

The value of the challenge plainly reveals that Akon by yourself is not providing the whole financial outlay for the challenge. According to an estimate by the BBC in 2018, Akon’s net value is close to $80 million. The bulk of the resources will be coming from the Kenyan investor, even though Akon will make his Akoin cryptocurrency the sole medium of exchange.