Senegalese-American singer, Akon, has been awarded a $6 billion contract to build a city. Yes, a city. According to him, the first two phases of his project should be finished by 2029. Akon City will be run on renewable energy and his cryptocurrency - Akoin.

https://twitter.com/Akon/status/1216803497057931264

Where is Akon’s city going to be?

Although born in St. Louis, he spent a lot of his formative years in Senegal. His time spent there was so significant that he refers to the country in West Africa as his hometown. Akon City will be built on 200 acres of land in Senegal. This land was gifted to him by the President of Senegal, Macky Sall. It will also be located in very close proximity to the new international airport.

His goal is “to make the biggest impact in Africa" and believes that cryptocurrency could be its “saviour”. He even goes so far as to call his city a “real-life Wakanda”, the fictional city in the comic book and blockbuster Marvel Cinematic Universe film, Black Panther. All goods and service transactions can be made with Akoin through a smartphone app. The whitepaper for Akoin is also available to read.

https://twitter.com/AkoinOfficial/status/1265748739949498370

This is also not the first time Akon has contributed to Africa. He co-founded the Konfidence Foundation, a health and education charity for underprivileged children in West Africa and the US in 2007. In 2014, he co-founded the Akon Lighting Africa project that has already brought solar power to various countries in Africa.

We here at CoolWallet are going to have to admit that Akon hasn’t been on our playlists in quite a while, however, hearing his name again brings back a lot of great memories! Seeing all the great work he’s done in Africa already certainly keeps us optimistic about what he has planned and we're glad to see him grow past his celebrity persona. A city run with cryptocurrency sounds like a place that we’ll definitely keep in our sights.

Latest Stories

View all

Discover the Top 5 Trends from TOKEN2049 Dubai 2025|CoolWallet Special Offer
  • by TeamProduct

Discover the Top 5 Trends from TOKEN2049 Dubai 2025|CoolWallet Special Offer

Explore the top 5 trends from TOKEN2049 Dubai 2025: asset tokenization, stablecoins, AI, multi-chain ecosystems, and decentralization. Unlock CoolWallet Special Offer now!

Read more

Custodial vs. Non-Custodial Crypto Wallets: Which One Is Right for You?
  • by TeamProduct

Custodial vs. Non-Custodial Crypto Wallets: Which One Is Right for You?

Discover the differences between custodial and non-custodial crypto wallets: how they affect asset control, KYC requirements, privacy, and security. Learn which wallet type fits your crypto needs best.

Read more

Ethereum in 2025: What’s Changed, What’s Next, and Why It Matters
  • by TeamProduct

Ethereum in 2025: What’s Changed, What’s Next, and Why It Matters

Discover how Ethereum is evolving in 2025 with key upgrades like Pectra, rising Layer 2 adoption, and new market dynamics. Explore Ethereum’s latest trends, challenges, and why it's still the backbone of Web3.

Read more