Musician Akon accelerates plans to build Crypto City in Senegal despite problems

The Senegalese-American musician and millionaire Akon is still moving forward with his quixotic quest to build a city called — yes — “Akon City” in Senegal that will run on a cryptocurrency called “Akoin.”

Originally announced in 2018, Akon planned to create a $6 billion city for Africans by relying on the new digital payment method. Today, Akoin’s value, however, has plunged to around $0.012, after being valued at $0.28 in September 2021, when it first launched on cryptocurrency exchange BitMart.

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