The construction funding and transactions that would take place in it once built are said to utilize Akoin. Part of the marketing pitch for Akon City is the funding mechanism for it. How have you perceived the dialogue around this project? You called it a ‘cryptocurrency city.’
In a Q&A with Penn Today, Christopher Marcinkoski, associate professor of landscape architecture and urban design in the Weitzman School of Design, discusses whether Akon City will actually see the light of day, its place in the phenomenon of “speculative urbanization,” and what an actual smart city should look like. The project is supported by Senegalese President Macky Sall. The city will operate on Akon’s proprietary cryptocurrency, Akoin. The project is reported to have established $4 billion toward its target of $6 billion of funding, though backers have largely not been disclosed. City planners aim to hire workers from West Africa and source materials locally, though architecture is being led by Bakri & Associates Development Consultants in Dubai. Featured: condominiums, office parks, a university, an ocean resort, and a hospital. The project’s details envision 2,000 acres along the Atlantic coast in a region 62 miles south of Dakar in Senegal. In early September, Akon, the popular R&B singer and, more recently, philanthropist in Africa, unveiled renderings for Akon City that depicted what project planners dub a “futuristic” city. A virtual cityscape of the future (Not an actual rendering of Akon City)
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