SingularityDAO, Cogito Finance and SelfKey to merge into Singularity Finance for AI asset tokenization

SingularityDAO, Cogito Finance and SelfKey are merging to create Singularity Finance, a project aimed at tokenizing the AI economy, according to CoinDesk. The new entity will provide a layer-2 network for tokenizing assets like GPUs and offer AI-powered financial tools. In this merger, SelfKey’s KEY token will convert to Singularity Finance’s new token, SFI, while SingularityDAO’s SDAO and Cogito’s CGV will merge into SFI at ratios of 1:80.353 and 1:10.89, pending stakeholder discussions. This follows SingularityNET’s similar merger with Fetch.ai and Ocean Protocol in June.