Kingstown, Saint Vincent and the Grenadines, October twenty ninth, 2024, Chainwire
Decentralized id platform SelfKey has introduced a group vote to find out its proposed merger with SingularityDAO (SDAO) and Cogito Finance. If accepted, SelfKey will merge to develop into Singularity Finance, a Layer 2 for tokenizing AI property.
The SelfKey vote will open on November 1, permitting its group to have their say within the already tabled merger. The vote will shut on November 7. It follows an analogous initiative that was put to the SDAO group. As its identify suggests, the snapshot vote will take a snapshot of KEY token holders on the day the vote begins (November 1), so ensure you have KEY in your pockets earlier than this date to take part.
All KEY holders can take part within the SelfKey vote and decide the mission’s future and its merger with SingularityDAO and Cogito Finance. The proposed merger would allow SelfKey to play a pivotal position in supporting superior AI and blockchain applied sciences similar to Singularity Finance, and we invite the group to share their beneficial enter on this important step. A corresponding token merger would see KEY holders swap their tokens for the brand new unified asset, SFI, used because the native token of Layer 2.
Combining an EVM Layer 2 community with the applied sciences developed by SDAO, Cogito Finance, and SelfKey, Singularity Finance goals to create a compliant ecosystem for tokenized RWAs. This may place the three entities on the forefront of the drive to tokenize real-world property specializing in the AI financial system.
By drawing upon the respective strengths of SelfKey, SingularityDAO, and Cogito Finance, Singularity Finance intends to democratize entry to AI property. Its proposed L2 and RWA ecosystem can be enhanced by superior AI-driven monetary companies whereas guaranteeing compliance and safety via SelfKey’s best-in-class self-sovereign id answer.
The SelfKey public vote can be performed utilizing the Snapshot platform, enabling all KEY holders to take part. Token holders have the choice of voting to approve the proposal, voting to reject it, or abstaining from the vote altogether. The vote types a important section within the proposed merger, empowering the SelfKey group to form the way forward for the id platform and the creation of Singularity Finance.Â
About SelfKey
SelfKey is a blockchain-based id platform that permits people and organizations to securely handle and management their digital identities, enhancing compliance with KYC necessities via decentralized expertise. With a group skilled in decentralized id since 2014 throughout vital firms, SelfKey goals to revolutionize the KYC onboarding course of by decreasing prices, enhancing safety, and upholding the rules of self-sovereign id.
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Avishay Litani
pr@marketacross.com
