SingularityDAO to Join Forces with Cogito Finance and SelfKey After Community Endorsement
SingularityDAO is poised to unite with Cogito Finance and SelfKey to create Singularity Finance, a new platform dedicated to layer-2 tokenization. This significant development follows a governance vote during which the SingularityDAO (SDAO) community showed strong support for the merger proposal, with over 15 million SDAO tokens cast and an impressive 94.78% voting in favor.
SingularityDAO operates as a decentralized platform specializing in AI-driven digital asset management. In contrast, SelfKey provides a self-sovereign digital identity management system, while Cogito Finance concentrates on the tokenization of real-world assets within the SingularityNET ecosystem.
The merger plans were first announced in October, coinciding with discussions on how such collaborations could enhance the adoption of AI and web3 technologies.
With the merger proposal receiving overwhelming approval, Cogito Finance, SelfKey, and SingularityDAO are set to establish Singularity Finance, an innovative EVM layer-2 platform designed for the tokenization of the AI economy.
Mario Casiraghi, co-founder of SingularityDAO, emphasized that the approval from SDAO holders is crucial for advancing both DeFi and AI innovation. He explained that Singularity Finance will integrate technologies from all three platforms to foster this goal.
The new platform will not only incorporate SelfKey’s compliance solutions and Cogito Finance’s real-world asset tokenization services but will also offer financial tools for automated analysis and risk management, leveraging the advancements of SingularityDAO.
Singularity Finance aims to cater to a range of AI-driven financial services, including the tokenization of real-world assets and on-chain identity management. According to a press release from SingularityDAO shared with crypto.news, the layer-2 platform aspires to become a premier destination for developers and users within the evolving AI economy.
Dr. Ben Goertzel, CEO of SingularityNET and the Artificial Superintelligence Alliance, will head a council charged with overseeing the operations of Singularity Finance. This team will also include Cloris Chen from Cogito Finance and Mario Casiraghi from SingularityDAO.
