SingularityDAO merges with Cogito and Selfkey to form Singularity Finance

SingularityDAO, Cogito Finance, and SelfKey have announced their merger to form Singularity Finance, a platform focused on tokenizing the artificial intelligence (AI) economy. The new project will build on a Layer-2 network, facilitating the tokenization of assets like GPUs and introducing AI-powered financial tools.

• Merger: SingularityDAO, Cogito Finance, and SelfKey combine forces to create Singularity Finance.
• Tokenization: The platform will tokenize real-world AI-related assets and integrate them into decentralized finance (DeFi).
• New Token: Existing tokens SDAO, CGV, and KEY will merge into a unified token, SFI, at predetermined exchange rates.

Singularity Finance aims to revolutionize the digital economy by accelerating AI asset adoption through advanced DeFi technologies. The platform will provide decentralized markets for tokenized AI assets, enabling users to actively participate while benefiting from SelfKey’s regulatory compliance solutions. This integration will reduce barriers to accessing the AI economy and provide robust identification protection against fraud.

The SFI token, calculated using a 200-day moving average, will initially be available on Ethereum and BNB Chain, with the mainnet launch planned for the first half of 2025. The merger is seen as a major step toward creating an interoperable AI-financial ecosystem that offers new yield opportunities and liquidity for AI assets. The newly formed leadership council, led by Dr. Ben Goertzel and other key figures, will oversee the operations and ensure Singularity Finance stays at the forefront of AI and DeFi innovation.