SingularityDAO plans to merge with Cogito Finance and SelfKey to form AI-centric Layer2
Three projects, SingularityDAO, Cogito Finance, and SelfKey, are planning to merge and form a new entity called Singularity Finance. The project will focus on tokenizing the artificial intelligence (AI) economy and providing AI-driven financial tools. It is reported that the new entity, Singularity Finance, will provide a second-layer network for tokenization of assets such as GPUs. After the merger, SelfKey's existing token KEY will become Singularity Finance's new token SFI. SingularityDAO's SDAO and Cogito's CGV will merge into SFI at a ratio of 1:80.353 and 1:10.89, respectively. This process may be adjusted based on discussions with stakeholders.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin drops below $100,000 after Fed Chair Powell’s comment against BTC reserve
Bitcoin fell below the $100,000 mark on Wednesday following Federal Reserve chair Jerome Powell’s comments.Powell spoke against the idea of a U.S. national bitcoin reserve, while giving a hawkish 2025 outlook.
World Liberty Financial and Ethena Labs Partnership Boosts sUSDe Stablecoin Usage in DeFi
BlackRock Surpasses 1 Million ETH in ETF, Boosting Confidence in Ethereum
Bitwise CIO Matt Hougan Says Ethereum To Outpace Solana in 2025, Here’s Why