SingularityDAO, Cogito Finance, Selfkey Announce AI Alliance: Details

SingularityDAO, Cogito Finance and SelfKey have initiated a strategic token merger to kick off the journey of Singularity Finance, an EVM layer 2 designed to bring closer the thriving segments of AI and tokenized RWAs on Ethereum-like blockchains.SingularityDAO, Cogito Finance and Selfkey, three innovative cryptocurrency teams, shared the details of their upcoming strategic alliance and token merger.

Singularity Finance will bring RWAs on-chain using Cogito's tokenization framework, creating decentralized markets where users can easily participate with the support of SelfKey's compliant identity solution. Singularity’s L2 will offer AI-powered financial tool services that enhance and automate analysis, portfolio and risk management, leveraging SingularityDAO's AI-driven DynaVaults and other technologies.As part of the merger, the three existing tokens — SDAO, CGV and KEY — will be converted into a unified token, SFI, which will serve as the core utility and governance cryptocurrency for Singularity Finance.

SDAO will migrate to SFI at a ratio of 1:80.353 , while CGV migration to SFI will be activated at a ratio of 1:10.890 . KEY is set to be replaced with SFI at a ratio of 1:1 Upon the closing of the merger, a leadership council for Singularity Finance will be established to oversee and guide the operations of the newly merged financial ecosystem. The council will be led by Dr.

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