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.
Join Our Telegram Group for the Latest Crypto News!
Stay ahead in the cryptocurrency market with timely updates, exclusive insights, and expert analysis. Join our Telegram group now and never miss out on important market movements!