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.
Renowned singer Akon, who’s songs include hits like, Lonely, Right Now and Sorry, Blame It On Me, is launching a new kind of cryptocurrency called ‘Akoin’ and it will be available for sale in two weeks in the hope that it will bring more help his Lighting Africa Project, which aims to bring solar power to the whole of Africa.
Joseph Lubin spoke at length earlier today about the disruptive potential of blockchain technology. The co-founder of the Ethereum network and blockchain software company ConsenSys was speaking at the MoneyConf in Dublin, the city his company has chosen to open a new office.
South Korea just ruled that bitcoin is a legally recognizable asset, which is good news for investors, but not such good news for convicted criminals that had managed to hold onto their cryptocurrency in the past.
Award-winning comedian, actor, writer and director Jason Attar is once again heading for the big screen with his new project KevCoin: The Movie. A follow-up to his previous film One Night in Powder, Attar will don the guise of his infamous character Kevin Powder — a rock star “fixer” who’s constantly trying to reinvent himself through wild schemes — and take on the world of digital finance as he seeks out fame and riches.
A little over a year ago, Senegalese-born songwriter Akon proposed to build a new city worth around $6 billion that would be the “beacon of innovation and human development” in Senegal.
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