{"id":40589,"date":"2024-11-01T13:21:47","date_gmt":"2024-11-01T13:21:47","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/singularitydao-community-approves-merger-with-selfkey-and-cogito-finance\/"},"modified":"2024-11-01T13:21:47","modified_gmt":"2024-11-01T13:21:47","slug":"singularitydao-community-approves-merger-with-selfkey-and-cogito-finance","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/singularitydao-community-approves-merger-with-selfkey-and-cogito-finance\/","title":{"rendered":"SingularityDAO community approves merger with SelfKey and Cogito Finance"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/11\/SingularityDAO-community-approves-merger-with-SelfKey-and-Cogito-Finance-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/11\/SingularityDAO-community-approves-merger-with-SelfKey-and-Cogito-Finance-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/11\/SingularityDAO-community-approves-merger-with-SelfKey-and-Cogito-Finance-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/11\/SingularityDAO-community-approves-merger-with-SelfKey-and-Cogito-Finance-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>SingularityDAO merges with SelfKey and Cogito to form Singularity Finance.<\/li>\n<li>94.7% of SDAO holders approved the merger, awaiting KEY holders\u2019 final vote.<\/li>\n<li>Singularity Finance to focus on AI, RWA tokenization, and on-chain identity.<\/li>\n<\/ul>\n<p>In a landmark decision, SingularityDAO, the DeFi arm of the SingularityNET AI ecosystem responsible for decentralized portfolio management, has voted to merge with Cogito Finance and SelfKey to form a new entity, Singularity Finance. This EVM Layer 2 platform will focus on tokenizing the AI economy and accelerating the adoption of AI-powered financial solutions.<\/p>\n<p>The merger was approved by an overwhelming 94.7% of SingularityDAO (SDAO) token holders, with over 15 million tokens cast in favour.<\/p>\n<p>The <a href=\"https:\/\/snapshot.org\/#\/selfkey.eth\/proposal\/0x71f7cacf3159dbac3da52d31bf08ecc24df2e56269f24e1a68a792d769b74a3b\">community vote<\/a>, conducted through the Snapshot governance platform, represents a critical step toward Singularity Finance\u2019s creation, which will offer advanced decentralized finance (DeFi) and artificial intelligence (AI) solutions. Notably, the vote comes barely two weeks after <a href=\"https:\/\/coinjournal.net\/news\/singularitydao-cogito-finance-and-selfkey-merge-to-form-singularity-finance\/\">the merger was proposed<\/a>.<\/p>\n<p>Mario Casiraghi, Co-Founder of SingularityDAO, expressed gratitude for the community\u2019s support, saying, \u201cWe\u2019re grateful to all SDAO holders for participating in this pivotal governance vote and having their say on the future of SingularityDAO. With their approval, we will now move ahead with the proposal to create Singularity Finance as an L2 that combines the best elements of SingularityDAO with those of our partners SelfKey and Cogito Finance to accelerate DeFi and AI innovation.\u201d<\/p>\n<p>Cloris Chen, CEO of Cogito Finance, highlighted the partnership\u2019s potential, stating, \u201cThe overwhelming community support for the SFI merger is a powerful testament to the shared vision we have for the future of finance. By combining our expertise and technologies, we are poised to unlock unprecedented opportunities at the intersection of AI and DeFi.\u201d<\/p>\n<h2>SelfKey Community expected to vote on the merger<\/h2>\n<p>The merger now awaits a final vote from SelfKey\u2019s community of KEY token holders to solidify SelfKey\u2019s participation.<\/p>\n<p>Once approved, Singularity Finance will serve as a comprehensive platform addressing critical areas in the AI and DeFi ecosystem, including real-world asset (RWA) tokenization and on-chain identity management.<\/p>\n<p>This integrated approach will enhance SingularityDAO\u2019s existing AI-powered portfolio management capabilities with SelfKey\u2019s compliance features and Cogito Finance\u2019s RWA tokenization solutions.<\/p>\n<p>A leadership council will guide Singularity Finance, with prominent members including Dr. Ben Goertzel, CEO of SingularityNET, Cloris Chen, CEO of Cogito Finance, and Mario Casiraghi, CFO of SingularityNET. Together, they aim to pioneer innovative financial services, targeting developers and users in the emerging AI-based financial landscape.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/singularitydao-community-approves-merger-with-selfkey-and-cogito-finance\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) SingularityDAO merges with SelfKey and Cogito to form Singularity Finance. 94.7% of SDAO holders approved the merger, awaiting KEY holders\u2019 final vote. Singularity Finance to focus on AI, RWA tokenization, and on-chain identity. In a landmark decision, SingularityDAO, the DeFi arm [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":40590,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/40589"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=40589"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/40589\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/40590"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=40589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=40589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=40589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}