SingularityDAO plans to merge with Cogito Finance and SelfKey to build an AI-centric L2

ChainCatcher news, SingularityDAO plans to merge with Cogito Finance and SelfKey to form a joint project focused on the tokenization of the artificial intelligence (AI) economy.

The new entity, Singularity Finance, will provide a second-layer network for tokenizing assets such as GPUs and offer AI financial tools. The planned merger will make SelfKey's existing token KEY the new token SFI of Singularity Finance.

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 vary based on discussions among stakeholders.

It is reported that SingularityDAO's SingularityNET completed a similar merger in June with other AI-focused projects Fetch.ai and Ocean Protocol, forming the ASI token.