Akon’s Futuristic Crypto City Officially Terminated
2025-07-12 02:41:02
Main Idea
The Akon City project, a crypto-themed initiative by singer Akon, has been officially terminated due to construction delays and failure to meet SAPCO's demands.
Key Points
1. Akon and the Senegalese Coastal Development and Promotion Company (SAPCO) reached an 'amicable agreement' to terminate the Akon City project.
2. SAPCO terminated the project after Akon failed to comply with a final demand to begin construction, following criticism and doubts about its feasibility.
3. The initial phase of the project was slated for completion by 2023, with the second phase expected to run from 2024 to 2029, but delays led to backers demanding refunds.
4. Akon had assured progress in a 2022 interview, but delays persisted, and SAPCO is now pursuing a more 'realistic' project with Akon.
5. The original Akon City was envisioned as a complete cryptocurrency city, but the project has been officially declared non-existent by SAPCO's general manager.
Description
The Akon City project, a high-profile initiative by singer Akon, has been officially terminated following an agreement between Akon and a state owned enity. Akon City Terminated Amidst Construction Delays The futuristic crypto-themed Akon City project, a high-profile initiative from Senegalese-American singer and entrepreneur Akon, has been officially terminated. Akon and the Senegalese Coastal Development
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