Developers of the decentralized portfolio management protocol SingularityDAO plan to merge with Cogito Finance and SelfKey in a joint project aimed at tokenizing the AI economy, according to CoinDesk.
The new organization will introduce a layer-two solution for tokenizing assets like graphics processors and offer AI-based financial instruments.
Under the plan, the SelfKey (KEY) token will transform into a new asset — SFI. SDAO from SingularityDAO and CGV from Cogito will merge with SFI at a ratio of 1:80.353 and 1:10.89, respectively. The process may change following stakeholder discussions.
In March, three AI-focused blockchain projects — SingularityNet, Fetch.ai, and Ocean Protocol — agreed to merge tokens. In April, the community supported the initiative to create a unified coin for the Artificial Superintelligence (ASI) alliance, leading to the formation of the SingularityDAO project.
In September, Cudos expressed interest in joining the organization.
In July, developers of the AI platform SingularityNET and the data storage network Filecoin announced a partnership to unite the fields of artificial intelligence and DePIN, while maintaining decentralization, ethical AI, and information integrity.