SingularityDAO Plans to Merge With Cogito and SelfKey Projects​

Key Points:

• SingularityDAO Plans to Merge with Cogito and SelfKey to create an AI-focused Layer-2 platform, consolidating tokens into SFI.
• The SingularityDAO plans to merge initiative aims to tokenize AI economies, with token swaps and financial tools on a unified Layer-2 network.

SingularityDAO plans to merge with Cogito Finance and SelfKey to form Singularity Finance, tokenizing the AI economy with SFI as the new consolidated token.

SingularityDAO Plans to Merge With Cogito Finance

SingularityDAO and Cogito Finance, together with SelfKey, have announced a roadmap to proceed with their strategic merger in introducing Singularity Finance, placing full focus on an AI-powered economy. The respective utility tokens of each of these projects, SDAO, CGV, and KEY, would be merged into a new token called the SFI for access to financial services powered by AI, according to CoinDesk.

The result of such a merger would be an advanced layer-2 network that could allow the tokenization of AI-related assets, including GPUs. It pretty much follows the earlier move by SingularityNET when it merged with Fetch.ai and Ocean Protocol to create the ASI token.

Read more: Review SingularityDAO ($SDAO) – The Unique Layer 2 Noncustodial DeFi Solution From SingularityNET

Singularity Finance to Launch AI-Focused Layer-2 Network

Singularity Finance will host a new layer-2 blockchain to accommodate tokenized artificial intelligence infrastructure. Users will be provided with the means to manage their digital assets, owing to the merger.

Both tokens will be merged at pre-set ratios to form SFI, thus rendering the transition frictionless for the stakeholders. In this regard, the step further manifests how AI and blockchain technologies are increasingly fusing to develop one form of decentralized economic system or another.