SingularityDAO is set to merge with Cogito Finance and SelfKey to form Singularity Finance, a layer-2 tokenization platform. The move follows a governance vote in which the SingularityDAO (SDAO) community overwhelmingly approved the merger proposal.

TL;DR SingularityDAO merges with Cogito Finance and SelfKey to create Singularity Finance, focusing on the tokenization of the artificial intelligence (AI) economy. The merger was approved by more than 94.7% of the community through a vote involving over 15 million tokens.

The merger could significantly advance AI and DeFi integration, potentially transforming financial services through innovative tokenization. The post SingularityDAO merges with Cogito Finance and SelfKey following community approval appeared first on Crypto Briefing.

SingularityDAO, a decentralized portfolio management protocol, has wrapped up an important community voting round on a proposed merger with Cogito Finance and SelfKey, according to the reports shared with Finbold on Friday, November 1.

SelfKey, a decentralized identity platform, has announced a community vote to decide its proposed merger with SingularityDAO (SDAO) and Cogito Finance. If approved, the merger will result in the formation of Singularity Finance, a Layer 2 blockchain platform focused on tokenizing artificial intelligence (AI) assets.

These three blockchain-based companies plan to form a combined entity called Singularity Finance. It will focus on using AI to manage assets and offer financial tools.

SingularityDAO is looking to advance to Singularity Finance with strategic merger with Cogito Finance and SelfKey.

Key Points:

TL;DR SingularityDAO, Cogito Finance, and SelfKey team up to create Singularity Finance, a Layer-2 EVM platform focused on tokenizing artificial intelligence (AI) assets. The existing SDAO, CGV and KEY tokens will be merged into a single native token called SFI, which will initially launch on Ethereum and BNB Chain.

SingularityDAO has joined forces with Cogito Finance and SelfKey to create a new EVM layer-2 platform aimed at tokenizing real-world assets for decentralized finance.

The tokenized AI: innovations in the decentralized economy thanks to Singularity Finance

SingularityDAO, Cogito Finance, and SelfKey have announced a strategic token merger to form Singularity Finance, an EVM Layer-2 blockchain aimed at tokenizing Real World Assets (RWA) within the AI economy. This merger integrates the trio's cutting-edge technologies, creating a platform optimized for artificial intelligence (AI) tokenization and propelling the future of Web3.

SingularityDAO, Cogito Finance, and SelfKey have merged their tokens to launch Singularity Finance, a new Layer-2 (L2) platform on the Ethereum Virtual Machine (EVM), as per the updates shared with Finbold on Tuesday, October 15.

The decentralized and artificial intelligence-powered portfolio management protocol SingularityDAO has said it's planning a major transformation in order to accelerate its plans to bring AI on-chain.

The three projects' tokens will consolidate into Singularity Finance (SFI).

The leading crypto exchange, Binance, has recently revealed a warning over five crypto, sparking market discussions. In a recent press release, the exchange said that it has included monitoring tags for Bluzelle (BLZ), CLV (CLV), SelfKey (KEY), Prosper (PROS), and VITE (VITE).

Blockchain-based digital identity service SelfKey is rolling out its artificial intelligence (AI) solution and zero knowledge (zk) verifications to vendors, allowing them to safely authenticate users without exposing them to identity theft. Ahead of the launch, SelfKey has released a new whitepaper detailing its Know Your Customer (KYC) chain technology.

A new whitepaper covering KYC solutions with features enabled by artificial intelligence (AI) and Zero-knowledge (zk) verifications has now been published by the self-sovereign identification service SelfKey.

Despite flat crypto markets, a few tokens like KEY are finding strong support from buyers.

Coinbase is continuing to expand its crypto footprint by extending custodial services support to a diverse array of digital assets. In a new announcement, the US-based cryptocurrency exchange says it's adding eight cryptos to its roster of 200+ assets that are part of the Coinbase Custody cold storage trust. Coinbase Custody now supports deposits and […] The post Coinbase Custody Adds Support for Eight Small-Cap Altcoins As Crypto Markets Stall appeared first on The Daily Hodl.