Uganda To Have Its Local Crypto City; Second edition of Akon City

[LeziT]

In August 2020, Akon announced his plan to build “Akon City,” a futuristic hub in his ancestral homeland, that will run on Akoin, the cryptocurrency launched by the singer.

Envisioned as a sustainable smart city, Akon City has been pitched as a $6 billion residential and commercial property, complete with resorts, towering condos, recording studios, a stadium, and e-commerce franchises.

Uganda To Have Its Local Crypto City; Second edition of Akon City
Now, Akon has announced his plans to launch a second cryptocurrency city in Uganda with the government’s support for its development. An NBS news report revealed that Ugandan authorities would allocate land to Akon for setting up the crypto city.

According to a statement made by Uganda’s Minister of State for Lands, Housing, and Urban Development, Isaac Musumba, the government will provide full support to the project development. The authorities will reserve land of one square mile or bigger for the new crypto city. Described as a “real-life Wakanda’ by Akon, the first crypto city was a unique initiative that aimed to popularize the use of cryptocurrencies in the African financial space.

Uganda To Have Its Local Crypto City; Second edition of Akon City
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