SingularityDAO, SelfKey, and Cogito Finance have joined forces to create Singularity Finance, a groundbreaking entity aimed at revolutionizing the AI and DeFi landscape. With a resounding 94.7% approval from SingularityDAO token holders, the merger signals a significant step towards the development of advanced financial solutions powered by artificial intelligence.
The newly formed Singularity Finance will operate as an Ethereum Virtual Machine (EVM) layer 2 platform, focusing on the tokenization of the AI economy and driving the adoption of AI-driven financial products. This strategic alliance brings together the expertise and technologies of three leading entities to accelerate innovation in the DeFi space.
Following the successful vote by SDAO holders on the Snapshot governance platform, Mario Casiraghi, co-founder of SingularityDAO, expressed gratitude for the overwhelming support from the community. The merger proposal, put forth just two weeks prior, has garnered widespread approval and sets the stage for the creation of Singularity Finance.
Cloris Chen, CEO of Cogito Finance, emphasized the potential of the partnership, highlighting the shared vision for the future of finance. By combining their strengths, the three entities are poised to unlock new opportunities at the intersection of AI and DeFi, paving the way for groundbreaking advancements in the industry.
The final step in the merger process involves a vote from SelfKey’s community of KEY token holders to confirm SelfKey’s participation in Singularity Finance. Once approved, the platform will offer a comprehensive suite of services, including real-world asset (RWA) tokenization and on-chain identity management.
Singularity Finance will be led by a distinguished council, comprising Dr. Ben Goertzel, CEO of SingularityNET, Cloris Chen, CEO of Cogito Finance, and Mario Casiraghi, CFO of SingularityNET. Together, they aim to drive innovation in financial services, catering to developers and users in the evolving AI-based financial landscape.
The collaborative efforts of SingularityDAO, SelfKey, and Cogito Finance underscore a shared commitment to pushing the boundaries of DeFi and AI integration. With a clear focus on delivering cutting-edge solutions, Singularity Finance is poised to shape the future of decentralized finance and artificial intelligence.