TechFlow news, October 15 — According to CoinDesk, three projects — SingularityDAO, Cogito Finance, and SelfKey — plan to merge and form a new entity named Singularity Finance. The project will focus on tokenizing the artificial intelligence (AI) economy and providing AI-driven financial tools.
The newly formed entity, Singularity Finance, will offer a Layer-2 network for tokenizing assets such as GPUs. After the merger, SelfKey’s existing token KEY will become the new Singularity Finance token SFI. SingularityDAO’s SDAO and Cogito’s CGV will be merged into SFI at ratios of 1:80.353 and 1:10.89 respectively. These ratios may be adjusted based on discussions with stakeholders.
Previous report, SingularityDAO’s parent protocol SingularityNET completed a similar merger in June this year, combining with AI-focused projects Fetch.ai and Ocean Protocol to form the Artificial Superintelligence Alliance token (ASI).
