Summary
Plans for Akon's $6 billion city in Senegal have been canceled. Instead, he will collaborate with the Senegalese government on a more practical project at the same site in Mbodiène. The previous city's design, featuring futuristic buildings and a new cryptocurrency called Akoin, faced many challenges and remains unbuilt.
Key Facts
- Akon initially planned to build a futuristic city in Senegal, costing $6 billion.
- The city was to run on a cryptocurrency created by Akon named Akoin.
- The site, located about 100 km south of Dakar, remains mostly undeveloped.
- Only one incomplete building currently exists at the planned city site.
- Local residents were previously promised jobs and development, which did not materialize.
- Akon's cryptocurrency, Akoin, had difficulties and failed to repay investors.
- The Senegalese government decided to end the original project due to funding and construction issues.
- There is a new plan for a more realistic development at the same location, supported by the government.
