Track market-moving stories before they get noisy

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The Artificial Superintelligence Alliance (ASI) kicked off phase 1 of its token merger process. The project recently announced the beginning of the migration process with the delisting of Ocean Protocol (OCEAN) and SingularityNET (AGIX) from crypto exchanges. However, FET is facing some pressure following its rebranding and supply update.

ASI Token Merger Phase 1 Begins On July 1, the ASI alliance and Fetch.AI (FET) announced the multi-token merger to unify OCEAN, AGIX, and FET. As part of phase 1, withdrawals and deposits with OCEAN and AGIX would close in preparation for the migration to FET.

Additionally, the delisting process from crypto exchanges would begin for the two tokens. Meanwhile, FET would continue to trade as usual, with spot and perpetual trading continuing under the same tricker.

The initial phase of the merger aims to “onboard exchanges and data aggregators for a smooth transition.” Fetch.AI saw a rebrand across platforms. The project took the Artificial Superintelligence Alliance name and logo but kept its ticker.

Moreover, the ASI alliance opened a migration platform on the SingularityDAO dApp to help users migrate their tokens. Some crypto exchanges, including Kraken and Coinbase, revealed they would not support customers on the ASI token merger.

Kraken announced that the trading of OCEAN and FET will continue to be supported on the platform until further notice. The exchange also noted that users must withdraw their tokens to a self-custodial wallet to migrate them.

Similarly, Coinbase informed its users that it chose to “not execute the migration of these assets on behalf of users.” Both exchanges also clarified they would not support the eventual migration from FET to ASI.

FET Retraces Following Rebrand After updating the token’s name, supply, and market capitalization, FET flipped Render (RNDR) in the AI tokens sector. According to CoinMarketCap data, the token is now the 27th largest cryptocurrency by market cap, with $3.38 billion.

Following the rebrand, FET’s price dropped similarly to when the token merger delay news was released. At the time, the merging tokens saw an 8-10% price decline following the rescheduling of the merger. The delay was attributed to logistical and technical issues.

FET fell from the $1.4 support zone on Monday to $1.27, a 9.7% drop in 12 hours. However, the AI token has recovered the $1.3 mark, currently trading at $1.33, representing a 3.6% decline in the last 24 hours.

Some market watchers found this performance disappointing. Some investors believe it might be best not to get involved until the merger is completed. Sjuul Follings, crypto trader and founder of Alt Crypto Games expressed his disappointment with the token’s recent fakeout.

Per the trader, he was optimistic about the late June price action, believing the token was about to break out and expand ahead of the ASI alliance. Nonetheless, FET could not reclaim the $1.8 support zone and retraced to the $1.4 support level over the weekend.

Despite the bearish trend, investors remain optimistic about the token’s future as the merger’s phase 1 is only starting. Some investors forecast a short-term price target of $5 for ASI and a long-term goal of $13.

FET is trading at $1.33 in the weekly chart. Source: FETUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com

SingularityDAO, a decentralized portfolio management protocol and Cogito Finance have teamed to include Real World Assets (RWA) into their forthcoming AI-driven v2 DynaVaults, which will merge DeFi and TradFi by developing both compliant and cutting-edge onchain solutions.

Tokenized RWAs from Cogito are backed 1:1 by the underlying asset and are issued as ERC-20 tokens that are released on Ethereum (Optimism, Arbitrum, Base, and Polygon). All off-chain transactions are carried out on the blockchain for transparency, including the daily NAV (Net Asset Value). These calculated metrics are also shown on the dashboard, allowing customers to quickly determine the value of their portfolio.

SingularityDAO’s AI-driven portfolio management protocol will enable secure digital management while increasing access to tokenized RWAs by integrating Cogito’s flagship products. Top players in the cryptocurrency space are showing interest in RWA tokenization, one of the DeFi ecosystem’s fastest-growing sectors. Some analysts believe this sector’s potential is greatly underutilized.

Cogito offers low-risk investment options with high liquidity, stability, and maturities ranging from 0 to 3 months in its Tokenized U.S. Treasury Bills, or TFUND. XFUND, a diverse portfolio aimed at high-growth industries in technology and artificial intelligence, and GFUND (Green Bonds), a medium-risk investment focused on financing environmentally beneficial projects, supplement TFUND. These investments are in line with the rising need for sustainable finance.

Leading AI-enabled asset management solutions in the DeFi market are provided by SingularityDAO, while Cogito’s offerings, which include tokenized US Treasury Bills, increase the accessibility and liquidity of conventional assets onchain. SingularityDAO and Cogito Finance will provide dynamic vaults that give DeFi customers new methods to obtain yield produced from TradFi assets by combining their technology and knowledge base.

Mario Casiraghi, Artificial Superintelligence Alliance Executive & SingularityDAO Co-founder, said:

“The integration of Cogito Finance extends SingularityDAO’s goal of provisioning access to open finance. As TradFi and DeFi converge, the missions of SingularityDAO and Cogito align synergistically. Cogito’s innovative RWA framework plays a crucial role in this. By integrating our products, we can deliver a more holistic proposition to end users, marking a significant leap forward in the financialization of Web 3.0 for the benefit of all, as well as the broader ASI ecosystem.”

Cloris Chen, CEO of Cogito Finance, added:

“This integration perfectly blends the strengths of both companies in a holistic onchain financial solution. By integrating Cogito’s tokenized products into SingularityDAO’s cutting-edge AI-driven portfolio management system, we are bringing institutional-grade, low-risk, and sustainable investment options to a broader audience in the blockchain space. SingularityDAO’s expertise in decentralized financial access will ensure a truly permissionless approach, which perfectly aligns with Cogito’s mission to make tokenized RWAs more accessible, secure, and efficient for all market participants, whilst setting new benchmarks for regulated DeFi solutions.”

For DeFi investors, SingularityDAO’s portfolio management vaults provide the best-in-class solution since they are based on cutting-edge AI and machine learning algorithms that generate high-quality yield and effectively control counterparty and credit risk. Regulated onchain vaults will increase real world asset returns and improve investor accessibility, security, and compliance with DeFi. By establishing new benchmarks for safe and effective asset management systems, this integration seeks to accelerate the use of blockchain technology in the financial industry.

A diploma graduate who is passionate about digital currency and loves writing. He loves the concept of crypto and keeps himself up to date with the latest development and news of the crypto world.

Singularity Finance, an EVM Layer-2 for tokenizing the Real World Assets (RWA) of the AI economy, will be launched via a strategic token merger announced by SingularityDAO, Cogito Finance, and SelfKey.

Web3 will be accelerated by a platform optimized for AI tokenization that is powered by the combination of the three complimentary technologies. By integrating AI assets like GPUs into already-existing DeFi apps and tokenizing them, new onchain primitives will be created, opening up more effective financing sources for AI-driven developments.

With the help of SelfKey’s compliant identity solution, Singularity Finance will leverage Cogito’s tokenization framework to put RWAs onchain, establishing decentralized markets in which users may readily engage. Using SingularityDAO’s AI-driven DynaVaults and other technologies, Singularity’s Layer-2 will provide AI-powered financial tools services that improve and automate analysis, portfolio, and risk management.

Cogito Finance CEO Cloris Chen said:

“The rapid growth of the AI sector is creating significant opportunities for both institutions and retail participants. However, barriers still exist on both the demand and supply sides, limiting broader participation in the AI economy. By developing our own Layer-2 solution democratising AI-Fi, we can overcome these challenges and remain agile in adapting to an evolving regulatory landscape.”

SingularityDAO co-founder Mario Casiraghi added:

“We stand at the intersection of AI and DeFi, where much of the innovation currently taking place within the Web3 space is occurring. AI-Fi harnesses the immense potential of the AI economy by tokenising the AI value chain, creating unprecedented opportunities to access, exchange and monetise these assets.”

The three existing tokens—SDAO, CGV, and KEY—will be combined into a single token, SFI, which will function as Singularity Finance’s network token as part of the merger. With the mainnet release scheduled for the first half of 2025, the SFI token will first be accessible on Ethereum and BNB Chain. The conversion ratios between SDAO, CGV, and KEY will be as follows:

At a ratio of 1:80.353 (1 SDAO = 80.353 SFI), SDAO migrates to SFI. 1:10.890 is the ratio of CGV migration to SFI (1 CGV = 10.890 SFI). Migration of KEY to SFI at a 1:1 ratio (1 KEY = 1 SFI). The 200-day moving average of each token up to August 20, 2024, is the basis for pricing.

A leadership council for Singularity Finance will be formed when the merger is finalized to supervise and direct the activities of the combined financial ecosystem. Mario Casiraghi, CFO of SingularityNET and Co-Founder of SingularityDAO; Cloris Chen, CEO of Cogito Finance; and Dr. Ben Goertzel, CEO of SingularityNET and the Artificial Superintelligence Alliance, will serve as the council’s leaders. The community will have the chance to vote in a governance vote after the merger announcement, which will take place from October 21 to October 31.

The merger will solve the major issues with ownership and accessibility to AI-related revenues and assets that are now present. Users will be able to access yield prospects from compute and AI agents by using SFI-compliant tokenization infrastructure. Additionally, AI market players will be able to create additional liquidity for their assets, increasing the accessibility of high-quality yield supported by AI and hardware. Through its Layer 2—which includes integrated legal frameworks, distribution channels, a marketplace, and AI-powered asset management tools—Singularity Finance will address these issues.

A crypto enthusiast. Loves to write. Gives full dedication to every task assigned. Specializes in delivering on tight deadlines. An animal lover, especially dogs.

[PRESS RELEASE – Gros Islet, Saint Lucia, October 15th, 2024]

SingularityDAO, Cogito Finance, and SelfKey have announced a strategic token merger to launch Singularity Finance, an EVM Layer-2 for tokenising the AI economy’s Real World Assets (RWA).

Combining the trio’s complementary technologies will power a platform optimised for Artificial Intelligence tokenisation that will accelerate Web3. Tokenising AI assets such as GPUs and integrating them into existing DeFi applications will create new onchain primitives, enabling more efficient funding sources for AI-driven innovations.

Singularity Finance will bring RWAs onchain using Cogito’s tokenisation framework, creating decentralised markets where users can easily participate with the support of SelfKey’s compliant identity solution. Singularity’s Layer-2 will offer AI-powered financial tools services that enhance and automate analysis, portfolio, and risk management leveraging SingularityDAO’s AI-driven DynaVaults and other technologies.

Cogito Finance CEO Cloris Chen said: “The rapid growth of the AI sector is creating significant opportunities for both institutions and retail participants. However, barriers still exist on both the demand and supply sides, limiting broader participation in the AI economy. By developing our own Layer-2 solution democratising AI-Fi, we can overcome these challenges and remain agile in adapting to an evolving regulatory landscape.”

SingularityDAO co-founder Mario Casiraghi added: “We stand at the intersection of AI and DeFi, where much of the innovation currently taking place within the Web3 space is occurring. AI-Fi harnesses the immense potential of the AI economy by tokenising the AI value chain, creating unprecedented opportunities to access, exchange and monetise these assets.”

As part of the merger, the three existing tokens—SDAO, CGV, and KEY—will be converted into a unified token, SFI, which will serve as the network token for Singularity Finance. Initially, the SFI token will be available on Ethereum and BNB Chain, with mainnet released planned for the first half of 2025 and with the conversion ratios between SDAO, CGV, and KEY set as follows:

SDAO migration to SFI at a ratio of 1:80.353 (1 SDAO = 80.353 SFI) CGV migration to SFI at a ratio of 1:10.890 (1 CGV = 10.890 SFI) KEY migration to SFI at a ratio of 1:1 (1 KEY = 1 SFI) The pricing is based on the 200 days moving average of each token in the period up to 20th August 2024.

Upon closing of the merger, a leadership council for Singularity Finance will be established to oversee and guide the operations of the newly merged financial ecosystem. The council will be led by Dr. Ben Goertzel, CEO of SingularityNET and the Artificial Superintelligence Alliance; Cloris Chen, CEO of Cogito Finance; and Mario Casiraghi, CFO of SingularityNET and Co-Founder of SingularityDAO. Following the merger announcement, the community will have the opportunity to participate in a governance vote, which will run from 21 to 31 October.

The merger will address the significant challenges currently faced in the ownership and accessibility of AI-related assets and yield. By leveraging SFI compliant tokenisation infrastructure users will be able to access yield opportunities from compute and AI agents; in addition, AI market participants will be able to foster extra liquidity for their assets thereby making AI and hardware-backed high-quality yield more accessible. Singularity Finance will solve these challenges through its Layer2 including built-in legal frameworks, distribution channels, marketplace, and AI-driven asset management tools.

About SingularityDAO

SingularityDAO is a decentralised Portfolio Management Protocol designed to democratise access to sophisticated crypto asset management tools. The upcoming DynaVaults, multi-asset, multistrategy vaults leveraging AI-enhanced analytics and risk management tools, provide the much needed infrastructure in the volatile world of DeFi.

Learn more: https://singularitydao.ai/

About Cogito Finance

Cogito’s mission is to bring traditional assets onchain for increased liquidity, security, and transparency. It offers a suite of carefully-engineered, fully transparent, and institutional-grade investment products. Led by a team of finance and technology experts, Cogito is pioneering the future of onchain finance.

Learn more: https://www.cogito.finance/

About SelfKey

A blockchain-based identity platform that enables individuals and organisations to securely manage and control their digital identities, enhancing compliance with KYC requirements through decentralised technology. With a team experienced in decentralised identity since 2014 across major companies, SelfKey aims to revolutionise the KYC onboarding process by lowering costs, improving security, and upholding the principles of self-sovereign identity.

Learn more: https://selfkey.org/

Three blockchain projects—SingularityDAO, Cogito Finance, and SelfKey—have joined forces to launch Singularity Finance, a new EVM layer 2 platform designed to tokenize real-world assets in the AI economy.

https://t.co/T4yv5XsNAN

— SingularityDAO (@SingularityDAO) October 15, 2024

As part of the union, the projects’ respective tokens, including SDAO, CGV, and KEY, will be merged into a single unified token called “SFI,” SingularityDAO said in a Tuesday press release.

Advertisement

The conversion ratios are: 1 SDAO to 80.353 SFI; 1 CGV to 10.890 SFI; and 1 KEY to 1 SFI. The rates are based on the 200-day moving average up to August 20, 2024.

The merger is aimed at enhancing web3 applications using the technologies of the three projects. Through the new platform, the project members are also looking to enable more funding sources for AI-driven innovations by tokenizing AI assets and integrating them into DeFi applications.

Discussing the launch of Singularity Finance, Cloris Chen, CEO of Cogito Finance, said the solution could help bridge the gap between the potential of AI and the current limitations of its adoption, making it easier for a wider range of participants to benefit from the AI economy.

“The rapid growth of the AI sector is creating significant opportunities for both institutions and retail participants. However, barriers still exist on both the demand and supply sides, limiting broader participation in the AI economy,” Chen stated.

“By developing our own Layer-2 solution democratizing AI-Fi, we can overcome these challenges and remain agile in adapting to an evolving regulatory landscape,” he added.

As noted in the press release, Singularity Finance will utilize Cogito’s tokenization framework to bring real-world assets onto the blockchain, supported by SelfKey’s compliant identity solutions. The collaboration will create decentralized markets that facilitate easier participation and leverage AI to improve financial tools and risk management.

A governance vote following the merger announcement will take place from October 21 to 31, allowing the community to participate in the future direction of the newly formed entity.

SingularityNET, which spawned SingularityDAO, previously merged with AI-focused projects Fetch.ai and Ocean Protocol to form the Artificial Superintelligence Alliance token (ASI). The ASI also revealed its plan to add CUDOS, a decentralized cloud computing platform, as an alliance member.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.

SingularityDAO, Cogito Finance, and SelfKey have announced a strategic merger to form Singularity Finance. This new entity will enhance the tokenization of the artificial intelligence economy through a specialized Layer-2 network. The unified platform will introduce the SFI token as its core network token, consolidating the three existing tokens, SDAO, CGV, and KEY, into a single currency to streamline transactions and governance within the ecosystem.

SingularityDAO, Cogito, SelfKey Merge to Form Singularity Finance, SDAO Price Rally 19% The collaboration between SingularityDAO, Cogito Finance, and SelfKey has resulted in the creation of Singularity Finance. This platform will transform the AI sector by tokenizing real-world assets and integrating AI into the decentralized finance (DeFi) landscape. 

Moreover, the merger leverages each company’s strengths to create a robust Layer-2 solution on the Ethereum blockchain. It aims to democratize access to AI technologies and financial products. Following the merger announcement, SingularityDAO’s token, SDAO price, experienced a significant uptick, rising 19% to a trading price of $0.34.

Courtesy: CoinMarketCap The new entity will deploy Cogito’s advanced tokenization frameworks as the merger progresses. SelfKey’s identity solutions will also be integrated to ensure compliant user participation. This strategy will offer enhanced liquidity and improved access to AI-driven financial tools.

Token Consolidation and Future Plans In addition, the creation of Singularity Finance will consolidate SDAO, CGV, and KEY into the new SFI token. This move will unify the economic structure of the merged entities and simplify the user experience across its platforms. 

However, the token conversion will take place based on different ratios, with consideration on the trading history of each tokens. In particular, the SDAO tokens will be exchanged for SFI at 1:80.353, CGV at 1:10.890, and for KEY token at 1:1 ratio. Selling of the SFI token will commence on the Ethereum and BNB Chain, but the expansion will be done on other blockchains after the mainnet scheduled for early 2025.

Before these changes occur some form of governance will be put in place to addresses them. As such, token holders will exercise their voting rights in several rounds of voting to take place before the end of October. This will create a community-based approach in the new financial environment.

Moreover, the merger will introduce decentralized marketplaces and financial instruments that leverage Artificial Intelligence to optimize asset management, risk assessment, and investment strategies. More so, Singularity Finance will facilitate the tokenization of physical assets like GPUs and extend to computational resources and AI models, thereby broadening the scope of assets available onchain.

SingularityDAO will revolutionize AI and DeFi through this merger, paving the way for a tokenized future in artificial intelligence.

SingularityDAO Announces Token Merger for AI Economy’s Real World Assets

SingularityDAO has completed a community vote on its planned merger with Cogito Finance and SelfKey. SingularityDAO was able to go forward with plans to create Singularity Finance, an EVM Layer 2 for tokenizing the AI economy, after SDAO holders unanimously approved the merger.

The popular governance framework, Snapshot, was used to present the proposal to SDAO holders to merge with Cogito Finance and SelfKey and combine technologies to establish Singularity Finance. 94.78% of the tokens used in the voting procedure, which included more than 15 million SDAO, approved the merger.

SingularityDAO Co-Founder Mario Casiraghi said:

“We’re grateful to all SDAO holders for participating in this pivotal governance vote and having their say on the future of SingularityDAO. With their approval, we will now move ahead with the proposal to create Singularity Finance as an L2 that combines the best elements of SingularityDAO with those of our partners SelfKey and Cogito Finance to accelerate DeFi and AI innovation.”

SingularityDAO is ready to go forward with the merger after the governance vote, pending an upcoming community vote on behalf of KEY holders that will decide SelfKey’s stance. The three initiatives would be able to coordinate to provide solutions for every phase of the Artificial Intelligence (AI) value chain with the establishment of Singularity Finance.

RWA tokenization and onchain identity management are two examples of the AI-driven financial services that Singularity Finance was conceived to serve. The Layer 2 will draw developers and users who want to learn more about the new use cases and assets the industry supports by establishing itself as a leader in the quickly expanding AI economy.

Cloris Chen, CEO of Cogito Finance, shared in a quote:

“The overwhelming community support for the SFI merger is a powerful testament to the shared vision we have for the future of finance. By combining our expertise and technologies, we are poised to unlock unprecedented opportunities at the intersection of AI and DeFi. Singularity Finance will be a leading force in driving innovation and accessibility in this dynamic landscape, empowering individuals and institutions alike.” 

The integration of compliance and RWA tokenization solutions, provided by SelfKey and Cogito Finance, respectively, will improve the AI-powered portfolio management services that SingularityDAO already offers. Using SingularityDAO’s AI-powered DynaVaults and other technologies, these financial tools will improve and automate analysis, portfolio, and risk management.

A leadership council for Singularity Finance will be formed as a result of the planned merger to supervise the operations of the combined financial ecosystem. Mario Casiraghi, CFO of SingularityNET and Co-Founder of SingularityDAO; Cloris Chen, CEO of Cogito Finance; and Dr. Ben Goertzel, CEO of SingularityNET and the Artificial Superintelligence Alliance, will serve as the council’s leaders.

A diploma graduate who is passionate about digital currency and loves writing. He loves the concept of crypto and keeps himself up to date with the latest development and news of the crypto world.

SingularityDAO is set to merge with Cogito Finance and SelfKey to form Singularity Finance, a layer-2 tokenization platform.

The move follows a governance vote in which the SingularityDAO (SDAO) community overwhelmingly approved the merger proposal. Voting saw more than 15 million SDAO tokens cast, with 94.78% in favor of the proposal.

SingularityDAO is a decentralized platform for AI-powered digital asset management, while SelfKey offers a self-sovereign digital identity system, and Cogito Finance focuses on real world asset tokenization within the SingularityNET ecosystem.

Tthe three platforms announced their merger plans in October, with this coming amid reports of how mergers could drive AI and web3 adoption.

With the merger proposal approved, Cogito Finance, SelfKey, and SingularityDAO have the go-ahead to form Singularity Finance, a new EVM layer-2 platform for the tokenization of the AI economy.

Mario Casiraghi, co-founder of SingularityDAO, noted that SDAO holders’ approval of the merger is pivotal for DeFi and AI innovation. Singularity Finance, as a layer-2 network, will incorporate technologies from SingularityDAO, SelfKey, and Cogito Finance, Casiraghi added.

In addition to SelfKey’s compliance solutions and Cogito Finance’s RWA tokenization service, Singularity Finance will feature financial tools for automated analysis and risk management, leveraging SingularityDAO’s technologies.

Singularity Finance aims to support various AI-driven financial services, including real-world asset tokenization and on-chain identity management. The layer-2 platform intends to position itself as a leading platform for developers and users in the growing AI economy, according to a SingularityDAO press release sent to crypto.news.

“By combining our expertise and technologies, we are poised to unlock unprecedented opportunities at the intersection of AI and DeFi. Singularity Finance will be a leading force in driving innovation and accessibility in this dynamic landscape, empowering individuals and institutions alike.”

Cloris Chen, CEO of Cogito Finance.

Dr. Ben Goertzel, CEO of SingularityNET and the Artificial Superintelligence Alliance, will lead a council overseeing Singularity Finance operations. The team will also include Cogito Finance’s Cloris Chen and SingularityDAO’s Mario Casiraghi.

[PRESS RELEASE – Gros Islet, St. Lucia, November 8th, 2024]

SingularityDAO, SelfKey, and Cogito Finance have agreed to form Singularity Finance after the communities approved the merger. SDAO and KEY token-holders voted overwhelmingly in favor of the proposal.

The merger follows a governance vote in which the SingularityDAO (SDAO) community approved the proposal. Of more than 15 million SDAO tokens cast, 95% backed the motion. The SelfKey community also approved the merger through a community vote that resulted in  99.9% of KEY voters giving it their support.

SingularityDAO, SelfKey, and Cogito Finance will combine their technologies to create a Layer 2 ecosystem optimized for AI tokenization. This will support the creation of new DeFi primitives while accelerating 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.

KEY will convert at a ratio of 1 KEY = 0.1 SFI SDAO will convert at a ratio of 1 SDAO = 8.0353 SFI CGV will convert at a ratio of 1 CGV = 1.0890 SFI Dr. Ben Goertzel, CEO of SingularityNET and the Artificial Superintelligence Alliance, will lead a council overseeing Singularity Finance operations. The team will also include Cogito Finance’s Cloris Chen and SingularityDAO’s Mario Casiraghi.

Mario Casiraghi, Co-Founder SingularityDAO said: “We’re delighted that the merger can proceed thanks to the support and votes from both the SelfKey and SingularityDAO communities. We’re grateful to all SDAO and KEY holders for participating in this pivotal governance decision. With their approval, we’re now set to move forward with creating Singularity Finance as a Layer-2 platform that merges the strengths of SingularityDAO with our partners SelfKey and Cogito Finance, accelerating innovation at the intersection of DeFi and AI.”

Cloris Chen, CEO of Cogito Finance, shared her excitement about the community vote, stating: “The overwhelming support from both the SingularityDAO and SelfKey communities for the SFI merger is a testament to our shared vision for the future of finance. Together, with combined expertise and leading technologies, we’re set to unlock new possibilities at the intersection of AI and DeFi. Singularity Finance will not only drive innovation and accessibility across the industry but also position itself as a leader in the fast-evolving AI economy, creating a Layer 2 ecosystem that attracts developers and users eager to explore pioneering use cases and assets.”

Through its Layer-2 blockchain, Singularity Finance will support onchain assets such as AI compute, reducing barriers to entry and providing permissionless access to new financial opportunities. By uniting the capabilities of SingularityDAO, Cogito, and SelfKey, Singularity Finance will position itself at the vanguard of the movement to tokenize AI and unlock greater onchain value.

About SingularityDAO SingularityDAO is a decentralized Portfolio Management Protocol designed to democratize access to sophisticated crypto asset management tools. The upcoming dynavaults, multiasset, multistrategy vaults leveraging AI-enhanced analytics and risk management tools, provide the much needed infrastructure in the volatile world of DeFi.

Learn more: https://singularitydao.ai/

About Cogito Finance Cogito’s mission is to bring tokenized traditional assets onchain for increased liquidity, security, and transparency. It offers a suite of carefully-engineered, fully transparent, and institutional-grade investment products. Led by a team of finance and technology experts, Cogito is pioneering the future of onchain finance.

Learn more: https://www.cogito.finance/

About SelfKey SelfKey is building a blockchain-based identity system that allows identity owners to truly own, control and manage their digital identity. Its blockchain based self-sovereign identity system enables individuals and organizations to find more freedom and privacy. Structured as a DAO, SelfKey empowers individuals and corporations to take back ownership of their identity data.

Learn more: https://selfkey.org/