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SingularityDAO to Merge with Cogito Finance and SelfKey for AI-Driven Layer-2 Solution
A significant consolidation among AI-focused projects as SingularityDAO, Cogito Finance, and SelfKey move to create Singularity Finance, aiming to tokenize the AI economy.
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Overview
SingularityDAO, Cogito Finance, and SelfKey are set to combine into a single entity aimed at tokenizing the artificial intelligence economy. This ambitious merger aligns three distinct projects towards a shared vision of financial innovation in AI.
Key Highlights
- New Entity: The resulting organization, Singularity Finance, will provide a layer-2 network that facilitates the tokenization of assets, including GPUs. It will also offer AI-enhanced financial tools.
- Token Consolidation: SelfKey’s current token, KEY, will transition into Singularity Finance’s new token, SFI. SingularityDAO's SDAO and Cogito's CGV tokens will merge into SFI at ratios of 1:80.353 and 1:10.89, respectively. These arrangements may evolve as discussions with stakeholders progress.
- Related Developments: SingularityNET, the technology behind SingularityDAO, previously completed a merger in June with AI projects Fetch.ai and Ocean Protocol, forming the Artificial Superintelligence Alliance token (ASI).
For a more in-depth look, you can check out CoinDesk's coverage of the merger.
