SingularityDAO, Cogito Finance, and SelfKey have announced plans to merge into Singularity Finance to advance the AI economy.
Planned Merger of SingularityDAO, Cogito, and SelfKey
SingularityDAO has announced its plans to merge with Cogito Finance and SelfKey to create a new platform called Singularity Finance. As part of this merger, the existing utility tokens SDAO, CGV, and KEY will be transformed into a single token SFI, providing access to AI-based financial services.
Creation of an AI-Focused Layer-2 Platform
Thanks to the planned merger, Singularity Finance will deploy a new Layer-2 blockchain network that will support the tokenization of AI infrastructure. It is expected that users will gain tools for managing digital assets.
Prospects of Tokenizing the AI Economy
The new entity aims to integrate AI and blockchain technologies to create decentralized economic systems. The merger demonstrates how these technologies can complement each other and create new opportunities for tokenizing assets like GPUs.
The merger of SingularityDAO with Cogito and SelfKey is a significant step towards developing the AI economy using blockchain technologies. It opens new horizons for applying artificial intelligence in the financial sector.