SingularityDAO, SelfKey, and Cogito Finance have agreed to form Singularity Finance following approval from the communities. The merger will involve combining the technologies of all three companies to create a Layer 2 ecosystem optimized for AI tokenization. This will support the creation of new DeFi primitives and accelerate AI innovation.
The creation of Singularity Finance will now be initiated, and a token swap will occur to create a single asset, SFI, which will serve as the network token. SDAO and KEY token-holders voted overwhelmingly in favor of the proposal. Dr. Ben Goertzel, CEO of SingularityNET and the Artificial Superintelligence Alliance, will lead a council overseeing Singularity Finance operations.
