As a seasoned researcher with a keen interest in the intersection of AI, finance, and blockchain technology, I find this development particularly exciting. The merger of SingularityDAO, Cogito Finance, and SelfKey to form Singularity Finance is not just another DeFi project; it’s a bold step towards creating an ecosystem that could revolutionize the AI economy.
The union of SingularityDAO, Cogito Finance, and SelfKey is imminent, resulting in the creation of Singularity Finance – a multi-faceted layer-2 tokenization platform.
The decision to proceed with the merger was made after a majority vote within the SingularityDAO (SDAO) community, where the proposed merge received strong support. Over 15 million SDAO tokens were cast during voting, and an impressive 94.78% of them voted in favor of the proposal.
SingularityDAO is a decentralized platform for AI-powered digital asset management, while SelfKey offers a self-sovereign digital identity system, and Cogito Finance focuses on real world asset tokenization within the SingularityNET ecosystem.
In October, the three platforms revealed their plans for a merger, which coincided with speculation about how such mergers might accelerate the adoption of AI and web3 technologies.
Following the approval of the merger plan, Cogito Finance, SelfKey, and SingularityDAO are now authorized to establish Singularity Finance – a fresh EVM layer-2 platform designed for tokenizing the AI economy.
Mario Casiraghi, one of the founders of SingularityDAO, emphasized that it’s crucial for SDAO holders to approve the merger, as this will significantly impact the advancement of DeFi and AI technology. Furthermore, he mentioned that Singularity Finance, functioning as a layer-2 network, intends to integrate technologies from SingularityDAO, SelfKey, and Cogito Finance.
Alongside the compliance offerings of SelfKey and the RWA tokenization services provided by Cogito Finance, Singularity Finance offers sophisticated financial tools designed for automated analysis and risk management. These advanced tools are built upon the innovative technologies developed by SingularityDAO.
Singularity Finance aims to support various AI-driven financial services, including real-world asset tokenization and on-chain identity management. The layer-2 platform intends to position itself as a leading platform for developers and users in the growing AI economy, according to a SingularityDAO press release sent to crypto.news.
Together, our combined knowledge and technology puts us in an ideal position to unveil extraordinary possibilities where AI meets DeFi. Singularity Finance is set to lead the charge in fostering innovative and inclusive solutions within this ever-evolving field, benefiting both individual users and large organizations alike.
Cloris Chen, CEO of Cogito Finance.
Dr. Ben Goertzel, who serves as CEO of both SingularityNET and the Artificial Superintelligence Alliance, will take charge of a governing body responsible for managing Singularity Finance’s day-to-day activities. In addition to him, this team will consist of Cloris Chen from Cogito Finance and Mario Casiraghi representing SingularityDAO.
Read More
- PYTH PREDICTION. PYTH cryptocurrency
- ‘I Pitched Stargate’s Take On Black Panther’: Christopher Judge Opens Up About His Teal’c Spinoff And Why It Hasn’t Happened
- As Lindsay Lohan And Lacey Chabert Headline Christmas Movies, These Comments Have Me Convinced A Mean Girls Holiday Movie Reunion Needs To Be Next
- Niels Arestrup Dies at 75, Iconic Actor Was a Force of Cinema
- IMX PREDICTION. IMX cryptocurrency
- Following Muppet*Vision, Another Popular Disney World Attraction’s Closing Date Has Been Revealed, But This Time There’s Actually Good News
- Dancing With The Stars’ Gleb Savchenko And Brooks Nader Confirm They’re Dating, But Also Cleared Up A Few Misconceptions
- Alan Rickman Upstaged Kevin Costner in ‘Robin Hood: Prince of Thieves’
- Brazil Introduces Bill to Create National Bitcoin Reserve
- Hobbs & Shaw 2 With Jason Statham & Dwayne Johnson Gets Promising Update
2024-11-01 18:30