• Singularity Finance's mainnet is predicted to launch within the first half of 2025 and can tokenize AI belongings on the EVM Layer 2 platform.
• SDAO, CGV, and KEY tokens shall be mixed right into a unified SFI token for the community.
• SFI tokens will initially be launched on Ethereum and BNB chains.

In a big transfer to unify synthetic intelligence (AI) and decentralized finance (DeFi), SingularityDAO, Cogito Finance, and SelfKey are introducing an modern EVM Layer 2 platform designed to tokenize the actual of the AI ​​financial system. We introduced a strategic merger to launch our platform, Singularity Finance. World Belongings (RWA).

This joint effort goals to speed up AI-driven innovation by bringing these belongings on-chain whereas addressing challenges in possession and accessibility of AI belongings.

Mario Casiraghi, co-founder of SingularityDAO, emphasised the significance of the merger by saying: AI-Fi harnesses the immense potential of the AI ​​financial system by tokenizing the AI ​​worth chain, creating unprecedented alternatives to entry, change, and monetize these belongings. ”

New Singularity Finance platform options

Singularity Finance serves as a complete resolution for the AI ​​and DeFi trade, offering an optimized platform to tokenize and combine AI belongings resembling GPUs into current DeFi purposes.

The platform goals to allow new on-chain monetary primitives and extra environment friendly funding channels for AI innovation by remodeling these historically illiquid belongings into decentralized and tradable monetary devices. We’re aiming for

The tokenization framework developed by Cogito Finance will play a central position in bringing RWA on-chain, and SelfKey's compliant id resolution will guarantee safe person participation.

Singularity Finance is overseen by a Management Council consisting of Dr. Ben Goertzel (SingularityNET CEO), Cloris Chen (Cogito Finance CEO), and Mario Casiraghi (SingularityNET CFO).

The council will information the evolution of the platform, together with the mixing of AI-powered monetary instruments resembling SingularityDAO's DynaVaults, which supplies AI-enhanced threat administration and portfolio optimization.

The neighborhood can have the chance to take part in a governance vote on the merger scheduled for October 21-31, 2024.

SFI token shall be Singularity Finance’s native token

This merger will mix three current tokens, SDAO, CGV, and KEY, into one community token named SFI.

Token conversion will observe a predetermined ratio primarily based on a 200-day transferring common as much as August 20, 2024. SDAO converts to SFI at 1:80.353, CGV at 1:10.890, and KEY at a ratio of 1:1.

SFI tokens will initially launch on Ethereum and BNB chains, with mainnet launch scheduled for early 2025.

By combining the experience of SingularityDAO, Cogito Finance, and SelfKey, we goal to rework the DeFi panorama by democratizing entry to AI-driven monetary services.