SingularityDAO Names Partners for Artificial Intelligence-Focused Layer-2 Project

SingularityDAO plans to team up with Cogito Finance and SelfKey to create a combined project focused on tokenizing the artificial intelligence (AI) economy.

According to the announcement shared with CoinDesk today, Singularity Finance will develop a layer-2 network to tokenize assets such as GPUs and offer artificial intelligence-supported financial instruments.

With the planned partnership, SelfKey’s existing token KEY is expected to transform into Singularity Finance’s new token SFI. SingularityDAO’s SDAO and Cogito’s CGV will merge with SFI at rates of 1:80.353 and 1:10.89, respectively. This process will be subject to change based on stakeholder discussions.

SingularityNET, an important protocol for SingularityDAO, announced in June that it had partnered with Fetch.ai and Ocean Protocol to develop the Artificial Super Intelligence Alliance token (ASI).