SelfKey Launches Community Referendum on Potential Merger: Details

Decentralized identity service SelfKey initiates a community vote to determine its proposed merger with SingularityDAO and Cogito Finance. Three entities might be transformed into Singularity Finance, a layer 2 for tokenizing AI assets., a platform for decentralized identity use cases, shared the details of its upcoming community referendum designed to decide the agenda of the merger between SingularityDAO and Cogito Finance. The SelfKey vote will open on Nov.

Building Trust at Scale: Trust is the foundation of any economy. In a digital world, how do we replicate the handshake, the look in the eye, or the reputation of a local business? UTC, powered by blockchain technology, provides a solution. It creates an immutable, transparent…The vote will close on Nov. 7. It follows a similar initiative announced for participants of SDAO community.

The proposed merger will enable SelfKey to play a pivotal role in supporting advanced AI and blockchain technologies as Singularity Finance. A corresponding token merger would see KEY holders swap their tokens for the new unified asset, SFI, used as the native token of the layer 2.Through combining an EVM layer-2 network with the technologies developed by SDAO, Cogito Finance and SelfKey, Singularity Finance aims to create a compliant ecosystem for tokenized RWAs.

By drawing upon the respective strengths of SelfKey, SingularityDAO and Cogito Finance, Singularity Finance intends to democratize access to AI assets. Its proposed L2 and RWA ecosystem will be enhanced by advanced AI-driven financial services while ensuring compliance and security through SelfKey’s best-in-class self-sovereign identity solution.

The SelfKey public vote will be conducted using the Snapshot platform, enabling all KEY holders to participate. Token holders have the option of voting to approve the proposal, voting to reject it or to abstain from the vote altogether.

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