SingularityDAO

SelfKey

SDAO

Cogito Finance

Singularity

SingularityDAO has joined forces with Cogito Finance and SelfKey to create a new EVM layer-2 platform aimed at tokenizing real-world assets for decentralized finance. 
Decentralized autonomous organization SingularityDAO (<a rel="" href="https://crypto.news/price/singularitydao/">SDAO</a>) is merging with Cogito Finance and SelfKey to create a unified solution focused on <a rel="" href="http://crypto.news/tag/tokenization/">tokenizing</a> real-world assets. 
The so-called Singularity Finance, which will act as an EVM-supported <a rel="" href="https://crypto.news/tag/layer-2/">layer-2</a> network, aims to facilitate the tokenization of artificial intelligence assets, such as GPUs, and enhance the capabilities of existing decentralized finance applications, according to a press release shared with crypto.news. 
The layer-2 solution is set to utilize Cogito’s tokenization framework to bring real-world assets on-chain, while SelfKey will provide an identity solution to enable user participation in decentralized markets. The platform plans to offer AI-driven financial tools to improve analysis, portfolio management, and risk assessment, leveraging SingularityDAO’s existing DynaVaults, per the press release. 
<h2 class="wp-block-heading" id="singularitydao-unveils-new-token-for-layer-2-solution">SingularityDAO unveils new token for layer-2 solution</h2> 
As part of the merger, the existing tokens — SDAO, CGV, and KEY — will convert into a unified token, SFI, which will serve as the primary token for Singularity Finance. Initial availability of SFI is set for Ethereum and BNB Chain, with the mainnet launch planned for the first half of 2025. Following the news, SingularityDAO’s native token SDAO surged 17%, propelling its price to $0.33. 
The merged ecosystem will be governed by a leadership council, including key executives from the three companies, according to the press release. A community governance vote is scheduled to take place from Oct. 21 to Oct. 31, allowing stakeholders to decide the future direction of the platform and its operations. 
 Read more: <a rel="" href="https://crypto.news/ai-tokens-fet-agix-and-ocean-surge-amid-merger-deal-into-asi-token/"> AI tokens FET, AGIX, and OCEAN surge amid merger deal into ASI token </a>

SDAO soars 17% as SingularityDAO unveils merger with Cogito Finance, SelfKey

Table of Contents

crypto.news

Other articles published on Oct 15, 2024

Is It Too Late To Buy PAI? ParallelAI Price Soars 137% And This Might Be The Next Crypto To Explode

VanEck Expands into Venture Capital with $30M Fund for Fintech, Blockchain, and AI

Is It Too Late To Buy PUFFER? Puffer Price Skyrockets 106% And This Might Be The Next Crypto To E...

SingularityDAO, Cogito Finance, and SelfKey Merge To Build the Foundation For The Tokenised AI Ec...

Why Is Bitcoin Rising? Predictions for 2025

ZachXBT vs. Murad Mahmudov: Doxxing Debate Shakes Crypto Twitter

Join our free newsletter for daily crypto updates!