SingularityDAO, in collaboration with Cogito Finance and SelfKey, has announced the launch of Singularity Finance, a new EVM layer-2 platform designed to tokenize real-world assets for decentralized finance. This groundbreaking initiative aims to revolutionize the tokenization of artificial intelligence assets, such as GPUs, and enhance the capabilities of decentralized finance applications.
The platform will leverage Cogito’s tokenization framework to bring real-world assets onto the blockchain while utilizing SelfKey’s identity solution to enable user participation in decentralized markets. Singularity Finance will offer AI-driven financial tools to improve analysis, portfolio management, and risk assessment, building upon SingularityDAO’s DynaVaults.
In a strategic move, SingularityDAO, Cogito Finance, and SelfKey will consolidate their existing tokens — SDAO, CGV, and KEY — into a single unified token, SFI. This new token will serve as the primary currency for Singularity Finance and will be available initially on Ethereum and BNB Chain, with plans for a mainnet launch in the first half of 2025. Following the announcement, SingularityDAO’s native token, SDAO, saw a 17% surge in price, reaching $0.33.
The governance of the merged ecosystem will be overseen by a leadership council comprised of key executives from the three companies. A community governance vote is scheduled to take place from October 21 to October 31, allowing stakeholders to have a say in the future direction of the platform and its operations.
This collaboration between SingularityDAO, Cogito Finance, and SelfKey represents a significant step towards democratizing access to real-world assets in the decentralized finance space. With Singularity Finance, users can look forward to a cutting-edge platform that combines AI technology with blockchain innovation to unlock new opportunities in the world of decentralized finance.