In January, famous pop singer Akon announced that his 2,000-acre, crypto currency-powered city in Senegal would soon break ground. Plans for Akon City were first announced in 2018, and it is set to rise near the Senegalese capital of Dakar, on land gifted to Akon by President Macky Sall. The city will run on “AKoin”, a crypto currency he co-founded alongside Jon Karas and Lynn Liss, which they hope will be adopted across Africa and beyond. Akon City is set to be sustainable and when complete, will be the second LEED-certified project in Africa. Current renderings of the city reflect the typical architectural and planning aesthetic of most smart city plans. With a large man-made lake and tall, organically-shaped glass towers, Akon City appears to be a huge leap forward compared to its surrounding counterparts. The project is being rolled out in phases, and according to a June 4th announcement, consulting and engineering firm KE International has so far secured $4 billion from investors for the first two phases of Akon City’s construction. The first phase is expected to be completed by the end of 2023, and will see the construction of roads, a Hamptons Hospital campus, a Hamptons Mall, residences, hotels, a police station, a school, a waste facility and a solar power plant, according to Markets Insider. Phase 2 of the project will be implemented between 2024 and 2029, expected to deliver a complete city run on the Akoin crypto currency. Upon its expected completion in 2030, Akon City will also have parks, universities, a stadium and an industrial complex.

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