Fast forward 10 years
by Jackson Franks
Former R&B singer and now entrepreneur Akon, announced in January 2020 that his vision to develop Akon City is becoming ever closer to reality. Situated in a small coastal village in the west of Senegal, Akon City will be 100% cryptocurrency based with AKoin (a cryptocurrency established by Akon) at the centre of all transactional life. Although I don’t see the world being run on cryptocurrency anytime soon, I do believe the real estate assets we see today will look and feel very different ten years from now.
Recently, Simon Property Group, a mall operator, announced they are in talks with Amazon about turning their department-store sites into Amazon fulfilment centres.
Market Snapshot
- The S&P 500 index moved to within 0.2% of its all-time high in February
- Russia announced regulatory approval for a vaccine – the first country to do so
- Brent crude rose 0.9% ending the week at $44.8 a barrel
- Gold fell -4.4% to end the week at $1945.1 an ounce