TL;DR
SingularityDAO merges with Cogito Finance and SelfKey to create Singularity Finance, focusing on the tokenization of the artificial intelligence (AI) economy.
The merger was approved by more than 94.7% of the community through a vote involving over 15 million tokens.
Singularity Finance will aim to enhance AI-powered wallet management and offer compliance and tokenization solutions.
SingularityDAO has announced its merger with Cogito Finance and SelfKey, giving rise to a new entity known as Singularity Finance, dedicated to the tokenization of the artificial intelligence (AI) economy.
This strategic alliance seeks to consolidate the AI-powered wallet management capabilities of SingularityDAO, incorporating the real-world asset (RWA) tokenization and digital identity solutions of its new partners. The community approved the merger through a vote held via the Snapshot governance framework, in which over 15 million tokens participated and 94.7% expressed support for the proposal.
https://twitter.com/SingularityDAO/status/1852283124769542631
The new project will feature a consolidated token, named SFI, which will represent ownership within the platform. The community has shown strong confidence in the future of the resulting entity and its ability to be at the forefront of advancements in artificial intelligence and decentralized finance (DeFi).
SingularityDAO: At the Forefront of AI
Mario Casiraghi, co-founder of SingularityDAO, expressed gratitude to all SDAO users who participated in this important vote, stating that the decision will be crucial for moving toward the creation of a platform that combines the best elements of the three entities.
The completion of the merger is subject to an additional vote by SelfKey’s KEY token holders. Once approved, the new entity will aim to develop solutions throughout the entire artificial intelligence value chain, with an emphasis on asset tokenization and identity management on the blockchain.
Singularity Finance will be led by a leadership council that will include prominent figures such as Dr. Ben Goertzel, CEO of SingularityNET, along with Cloris Chen and Mario Casiraghi. This merger seeks not only to enhance existing AI-powered wallet management services but also to offer compliance and asset tokenization solutions that strengthen its value proposition in the market.
