The 45-year-old “Smack It” singer announced Monday at Cannes Lions International Festival of Creativity that he not only is launching his own crypto, “Akoin,” but also will use it in his Akon Crypto City, a 100 percent crypto-based city in Africa.
According to the coin’s website, the new city, which is already in development, is a 2,000-acre land gifted by the president of Senegal, Macky Sall, to Akon.
When asked about technology details regarding his cryptocurrency, Akon was quoted as saying: “I come with the concepts and let the geeks figure it out.”
Best known for his music, the Senegal-descent singer has been largely transferred his career focus to giving back to African communities in recent years.
He launched a project named Akon Lighting Africa in 2014 aimed at solving electricity shortage problems in Africa.

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