## Three AI Projects Just Merged Into One Token—Here's What You Need to Know

SingularityDAO just pulled off a bold move: merging with Cogito Finance and SelfKey to launch Singularity Finance (SFI), a new Layer 2 EVM protocol targeting the AI-DeFi crossover.

The math behind the merger tells an interesting story. Token holders are getting swapped at wildly different rates:
- SelfKey (KEY): 1:1 into SFI
- Cogito Finance (CGV): ~1:10 into SFI
- SingularityDAO (SDAO): 1:80+ into SFI

This pricing reflects each project's current valuation. SDAO holders are getting the best deal on paper—more new tokens per old token—which explains why SDAO pumped hard right after the announcement. But here's the catch: the gains didn't stick. The hype fade is real.

**Why merge at all?** According to Mario Casiraghi, SingularityDAO's co-founder: *"We're at the intersection of AI and DeFi, where Web3 innovation is actually happening right now."* The pitch is solid—tokenize the AI value chain, let people trade AI-related assets on-chain, and build real DeFi infrastructure around it.

What's worth watching: SFI will have a three-member leadership council, with SingularityDAO getting two seats (one from NET, one from DAO). Translation? SingularityDAO is running the show.

The endgame? Make AI asset tokenization as accessible as spot trading. Tall order, but if it works, the market they're after is massive.

Price update: SDAO had a nice spike but gave back most of the gains. Classic pump pattern—announcement hype fading into reality check.