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Akonis turning his dreams into reality -- building a futuristic city in Senegal, which he says will resemble Wakanda from "Black Panther" ... in more ways than just its futuristic appearance.

The singer, who hails from Senegal, joined us on "TMZ Live" Tuesday for an update on "Akon City," the $6 BILLION cryptocurrency-run city which recently broke ground in his West African home country.

Akon told us why the city's centerpiece will be a 5,000-bed state of the art hospital, which he says will cost about $1 BILLION alone to build. The hospital is part of the first phase of construction, which Akon says will also include residences, hotels, schools, police and fire stations, an airstrip, a mall and all the other hallmarks of modern-day cities.

Looking at renderings for Akon City, it's easy to see why some folks think Akon's building a real-life Wakanda ... and he tells us how "Black Panther" actually helped him sell the project to investors and partners.

Akon is expecting phase 1 to be completed by 2023, and when the city's completed in 2029 it will run entirely on, you guessed it -- akoin cryptocurrency.

All it needs now is a catchphrase ... 'cause "Wakanda forever" is very taken.

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