SingularityDAO, SelfKey, and Cogito Finance have announced their merger to form Singularity Finance, following community approvals, marking a significant step towards accelerating innovations in AI and DeFi.
Community Approval and Merger Details
The SingularityDAO (SDAO) and SelfKey (KEY) communities supported the merger proposal. More than 15 million SDAO tokens were voted in favor, with 95% backing, as well as 99.9% of KEY votes. This enables the combination of technologies to establish a Layer-2 ecosystem optimized for AI tokenization. Token swap plans include: 1 KEY = 0.1 SFI, 1 SDAO = 8.0353 SFI, 1 CGV = 1.0890 SFI.
Leadership and Merger Significance
Dr. Ben Goertzel will lead the council managing Singularity Finance, joined by Cogito Finance’s Cloris Chen and SingularityDAO’s Mario Casiraghi. Co-Founder Mario Casiraghi expressed joy over the community support and highlighted the step towards creating a Layer-2 platform. Cloris Chen emphasized the importance of combined expertise and technologies for the future of AI and DeFi.
Technological Integration and Future of Singularity Finance
Through its Layer-2 blockchain system, Singularity Finance will support onchain assets such as AI computing, reducing entry barriers and providing access to new financial opportunities. By uniting the capabilities of SingularityDAO, Cogito, and SelfKey, Singularity Finance positions itself as a leader in tokenizing AI and unlocking greater onchain value.
The merger of SingularityDAO, SelfKey, and Cogito Finance into Singularity Finance represents a significant advancement for the AI and DeFi industries, offering an enhanced platform and continuous innovation.
