**SingularityDAO, Cogito Finance, and SelfKey Announce Strategic Merger to Form Singularity Finance**
In a significant development for the AI and blockchain sectors, SingularityDAO, Cogito Finance, and SelfKey have announced a strategic merger to create Singularity Finance, a Layer-2 platform on the Ethereum Virtual Machine (EVM). This new entity aims to tokenize real-world AI assets, integrating them into decentralized finance (DeFi) applications.
The merger will see the native tokens of the three entities—SDAO, CGV, and KEY—migrate into a unified token, SFI, with predetermined conversion ratios. Singularity Finance will leverage AI-powered financial tools to offer new liquidity and yield opportunities, aiming to democratize access to AI investments.
Despite the ambitious goals, the market remains skeptical about the long-term viability of such integrations, given the evolving regulatory landscape and existing barriers in the AI economy. The success of Singularity Finance will largely depend on its ability to navigate these challenges and deliver on its promises of enhanced liquidity and efficient funding for AI innovations.