SingularityDAO, Cogito Finance and SelfKey Plan to Merge into AI Tokenization Project

SingularityDAO, Cogito Finance and SelfKey plan to merge into a combined project focused on tokenizing the artificial intelligence economy.

SingularityNET, the protocol from which SingularityDAO emerged, completed a similar merger in June with fellow AI-focused projects Fetch.ai and Ocean Protocol.U.S. Charges Overseas Crypto ‘Market Makers' for Fraud; Bitcoin 'Unlikely' a Currency: SEC Gensler SingularityDAO plans to merge with Cogito Finance and SelfKey to form a combined project focused on tokenizing the artificial intelligence economy.

The new entity, Singularity Finance, will provide a layer-2 network for tokenizing assets like GPUs and offer AI-powered financial tools, according to an announcement shared with CoinDesk on Tuesday. The planned consolidation will see SelfKey's existing token KEY become Singularity Finance's new token SFI. SingularityDAO's SDAO and Cogito's CGV will merge into SFI at ratios of 1:80.353 and 1:10.89 respectively. This process will be subject to change based on stakeholder discussions.. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Matrixport Acquires Crypto Finance To Expand Institutional Digital Asset OfferingsMatrixport Asset Management AG (MAM), a subsidiary of the Hong Kong-based firm Matrixport, has acquired Crypto Finance (Asset Management) AG. This acquisition strengthens Matrixport's position in the institutional digital asset market and expands its offerings to include FINMA-approved crypto funds.
Source: CoinDesk - 🏆 291. / 63 Read more »

Former Chinese Finance Minister Calls for Closer Study of CryptocurrencyCrypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »

China's Former Minister of Finance Calls Crypto a 'Crucial Aspect' of Digital EconomyThe former minister called on Beijing to study the industry in light of Republican candidate Donald Trump's comments on crypto.
Source: CoinDesk - 🏆 291. / 63 Read more »

‘Industry’s’ Ken Leung on growing up in Chinatown and learning to speak financeKen Leung has waited three decades to be a breakout star.
Source: Gothamist - 🏆 456. / 53 Read more »

Deciphering 'Industry': A Finance Expert Breaks Down the Show's FinaleA finance expert unpacks the complex financial dealings depicted in the hit show 'Industry,' clarifying the nuances for viewers who might find themselves lost in the world of high finance.
Source: TheCut - 🏆 720. / 51 Read more »

‘Industry’ Season 3: A Finance Bro’s GuideWe asked Bloomberg’s financial journalist Matt Levine — who’s never seen an episode of ‘Industry’ — to explain what happened on the trading floor in the bonkers season-three finale.
Source: TheCut - 🏆 720. / 51 Read more »