Kingstown, Saint Vincent and the Grenadines,
October 29th, 2024, Chainwire
Decentralised identity platform SelfKey has announced a
community vote to determine its proposed merger with SingularityDAO (SDAO) and Cogito Finance. If approved, SelfKey will merge to
become Singularity Finance, a
Layer 2 for tokenizing AI assets.
The SelfKey vote will open on November 1, giving its community
an opportunity to have their say in the merger that has already
been tabled. The vote will close on November 7. It follows a
similar initiative that was put to the SDAO community. The snapshot
vote, as its name suggests, will take a snapshot of KEY token
holders on the day when the Vote begins (November 1), so make sure
you have KEY in your wallet before this date in
order to participate.
All KEY holders are able to participate in the SelfKey vote and
determine the future of the project and its merger with
SingularityDAO and Cogito Finance. The proposed merger would enable
SelfKey to play a pivotal role in supporting advanced AI and
blockchain technologies as Singularity Finance, and we invite the
community to share their valuable input on this important step. A
corresponding token merger would see KEY holders swap their tokens
for the new unified asset, SFI, used as the native token of the
Layer 2.
Through combining an EVM Layer 2 network with the technologies
developed by SDAO, Cogito Finance, and SelfKey, Singularity Finance
aims to create a compliant ecosystem for tokenised RWAs. This will
position the three entities at the forefront of the drive to
tokenise real-world assets with a particular focus on the AI
economy.
By drawing upon the respective strengths of SelfKey,
SingularityDAO, and Cogito Finance, Singularity Finance intends to
democratise access to AI assets. Its proposed L2 and RWA ecosystem
will be enhanced by advanced AI-driven financial services while
ensuring compliance and security through SelfKey’s best-in-class
self-sovereign identity solution.
The SelfKey public vote will be conducted using the Snapshot platform, enabling all KEY holders to
participate. Token holders have the option of voting to approve the
proposal; voting to reject it; or to abstain from the vote
altogether. The vote forms a critical phase in the proposed merger,
empowering the SelfKey community to shape the future of the
identity platform and the creation of Singularity
Finance.
About SelfKey
A blockchain-based identity platform that enables individuals
and organisations to securely manage and control their digital
identities, enhancing compliance with KYC requirements through
decentralised technology. With a team experienced in decentralised
identity since 2014 across major companies, SelfKey aims to
revolutionise the KYC onboarding process by lowering costs,
improving security, and upholding the principles of self-sovereign
identity.
Learn more: https://selfkey.org/
Contact
Avishay
Litani
pr@marketacross.com