SingularityDAO

Decentralised identity platform <a href="https://selfkey.org/" rel="noopener noreferrer nofollow">SelfKey</a> has announced a community vote to determine its proposed merger with <a href="https://singularitydao.ai/" rel="noopener noreferrer nofollow">SingularityDAO</a> (SDAO) and <a href="https://www.cogito.finance/" rel="noopener noreferrer nofollow">Cogito Finance</a>. If approved, SelfKey will merge to become <a href="https://www.singularity.finance/" rel="noopener noreferrer nofollow">Singularity Finance</a>, a Layer 2 for tokenizing AI assets.The SelfKey vote will open on November 1, giving its community an opportunity to have their say in the merger that has already been tabled. The vote will close on November 7. It follows a similar initiative that was put to the SDAO community. The snapshot vote, as its name suggests, will take a snapshot of KEY token holders on the day when the Vote begins (November 1), so make sure you have KEY in your wallet before this date in order to participate.All KEY holders are able to participate in the SelfKey vote and determine the future of the project and its merger with SingularityDAO and Cogito Finance. The proposed merger would enable SelfKey to play a pivotal role in supporting advanced AI and blockchain technologies as Singularity Finance, and we invite the community to share their valuable input on this important step. A corresponding token merger would see KEY holders swap their tokens for the new unified asset, SFI, used as the native token of the Layer 2.Through combining an EVM Layer 2 network with the technologies developed by SDAO, Cogito Finance, and SelfKey, Singularity Finance aims to create a compliant ecosystem for tokenised RWAs. This will position the three entities at the forefront of the drive to tokenise real-world assets with a particular focus on the AI economy.By drawing upon the respective strengths of SelfKey, SingularityDAO, and Cogito Finance, Singularity Finance intends to democratise access to AI assets. Its proposed L2 and RWA ecosystem will be enhanced by advanced AI-driven financial services while ensuring compliance and security through SelfKey’s best-in-class self-sovereign identity solution.The SelfKey public vote will be conducted using the <a href="https://snapshot.org/#/selfkey.eth" rel="noopener noreferrer nofollow">Snapshot</a> platform, enabling all KEY holders to participate. Token holders have the option of voting to approve the proposal; voting to reject it; or to abstain from the vote altogether. The vote forms a critical phase in the proposed merger, empowering the SelfKey community to shape the future of the identity platform and the creation of Singularity Finance.About SelfKeyA 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: <a href="https://selfkey.org/" rel="noopener noreferrer nofollow">https://selfkey.org/</a>Disclaimer: Any information written in this press release does not constitute investment advice. Optimisus does not, and will not endorse any information about any company or individual on this page. Readers are encouraged to do their own research and base any actions on their own findings, not on any content written in this press release. Optimisus is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release.

SelfKey Announces Community Vote on Proposed Merger With SingularityDAO and Cogito Finance to Form Singularity Finance

Optimisus

Other articles published on Oct 29, 2024

Michael Saylor's Legacy: Donating His Bitcoin Wealth to Humanity, Inspired by Satoshi Nakamoto

Payments Giant Stripe Acquires Stablecoin Platform Bridge in a $1.1B Deal

Massive Bitcoin Volatility Imminent as U.S. Presidential Election Draws Near: Bitfinex

Can This Under-the-Radar Altcoin Outpace Ethereum and Solana? Experts Predict Major Gains!

Google Cloud Collaborates with Mantra Chain to Accelerate Blockchain Development

Liquidity.io to launch with over a Billion in LOIs in Alternative Investments after ARQ Securitie...

Join our free newsletter for daily crypto updates!