By: Gerelyn Terzo of Sharemoney
While Zug, Switzerland may be known as Crypto Valley, it is about to face some budding competition in Western Africa. Senegal’s profile for cryptocurrencies is on the rise now that Senegalese-American R&B singer Akon, whose full name is Aliaume Damala Badara Akon Thiam, has put the wheels in motion to construct a USD 6 billion “futuristic crypto-themed city,” called Akon City. Akon recorded hit after hit in the 2006/2007-era and collaborated with the likes of Whitney Houston and Michael Jackson.
Akon has been cheered for the new city, which he affectionately calls “Wakanda ” in a nod to the Marvel Comics city, which symbolizes Afro-futurism and was featured in the “Black Panther ” movie. Akon City will be fueled by Akon’s native cryptocurrency dubbed Akoin (AKN), which made its debut in 2018. According to the rapper, Akoin will work with mobile devices and in a similar way to bitcoin and Ethereum, the two largest cryptocurrencies.