by Rushali 
Do you think the cryptocurrency space contains the power to change the overall world’s financial scenario? Yes, that’s another game-changing use case for cryptocurrencies. Cryptocurrencies and the blockchain technology together are acting as a weapon for the countries that are financially deprived and in fact, statistic says people from the developing countries are more into trading of cryptocurrency when compared to the already developed countries and this is acting as one of the major money-making factors for the people of those countries.
Technologies like Defi are acting as a catalyst for the financially deprived countries in making them financially independent. The countries that don’t have proper banking services are making use of this technology and many bigger institutions are also taking steps to ensure the reach to each and every part of the world with the use of the underlying blockchain technology to ensure secure and fast transfer of money.
It is also extremely wholesome to see celebrities from around the world celebrating the crypto space and coming forward in order to help the deprived countries and also local celebrities are doing their bit.
As discussed in some of my earlier articles increasing cryptocurrency acceptance is giving birth to newer possibilities of altruism which in order is giving way to the possibilities of Philanthropy philosophy and apart from that people involved in the crypto space are also giving art a new definition in the form of NFTs and it feels good to see artists getting benefitted for which they actually deserved appreciation from a really long time of history.
Even the artists are much more interested in creating art because of the factor that people are more inclined towards buying an NFT instead of any traditional art because of the convenience it provides and it is also the new cool thing of the space. Although, the cool thing factor will eventually fade away but, the concept of NFT is here to stay and will lead on to give a great art its deserved value in the collector’s community, and slowly but steadily the traditional art collecting community will also understand the value of this space and the convenience it provides instead of going for any traditional form of art which requires additional space to store and needs to be taken care of from time to time, unlike an NFT which will require just a wallet to store your own collectible.
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Today we will talk about one such hugely popular musician and now turned crypto influencer with his own cryptocurrency, with a very interesting name who has been always a promoter of his region and has done many things for the welfare of his community and people.
Today we will take a deep look at none other than Akon and his popular cryptocurrency named “Akoin” Interesting, isn’t it? Also, as per the drill of this space, we will also take a quick peek at his NetWorth of holdings.
Introduction
Aliaune Damala Badara Akon Thiam, yes that’s his real name was born on April 16, 1973, in St. Louis, Missouri. I bet you didn’t know his real name. Although he is popularly known as Akon which is his stage name. He is a rapper, singer, writer, philanthropist, and also an actor. He released his debut album in the year 2004 and was an instant hit with his amazing voice and singing capabilities and was mostly known for his single “Lonely”, He started his own record label which gave stages for popular artists like Lady Gaga and T-pain. He’s named his record label very creatively as Konvict music and his second album was also creatively named Konvicted. This seems to be telling a story already.
He was a child of a dancer mother and his percussionist father so, in order to keep the musical traditions alive from the family, he also learned instruments like drums and guitar.
Like all the other artists he had a mentor Devyne Stephens who helped him collect the popularity as did with Usher making him star over time by grooming his public image and also recording songs with him in his own music recording label.
So, let’s talk about some of his cryptocurrency ventures but before those let’s talk about some TV
So, Akon announced that a reality TV show is already in the making known as My brother’s keeper which will include his identical brothers going around and pretending to be Akon getting all kinds of VIP treatments and living Akon’s popularity among the general public.
Akon has also collaborated with music producers Vishal Shekhar from Bollywood to work in high budget superhero action movie known as Ra-one also performing the song in the movie.
Enough talking about the Show Business, Let’s talk cryptocurrency
In 2018, Akon announced that he is working with the Senegalese government to build a whole tourist-friendly city based on the cryptocurrency framework and will be the world’s first crypto city with Akon’s own cryptocurrency in the center known as “Akoin”. The construction of the aforementioned project has already seen the light with a huge investment of 6 billion dollars and the first phase will be completed by 2023.
In his philanthropic approach in 2015, Akon started his most talked about a project funded by his own NetWorth known as “Akon Lighting Africa” in which he provided electricity to 15 African countries and his kind approach made a lot of headlines.
Akon net worth
The net worth of Akon is currently much more than some of the biggest names in the cryptocurrency space. The Net Worth of Akon as of 2021 is assumed to be around 80 million US dollars, no doubt how he funded a whole electric project by himself and that too in 15 countries. We couldn’t forget he also has his own cryptocurrency so; it would be foolish of us to assume that he must be buying ripple.
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