$SFI Goes Live as Singularity Finance Begins DeFAI in Earnest
In the event you thought the piecemeal makes an attempt we’ve witnessed up to now at mixing DeFi and AI have been the top of onchain convergence, you ain’t seen nothing but. That’s the message emanating from Singularity Finance after efficiently launching its $SFI token to kickstart a brand new period – or presumably the very first true period – for DeFAI.
Whereas not everybody agrees on the portmanteau used to explain the melding of decentralized finance and synthetic intelligence (although DeFAI is the chief for now) there’s much less dispute over the position that $SFI will play in it. In the event you’re lengthy DeFAI, you’re lengthy $SFI, so the speculation goes. And there’s some robust proof to again this declare up.
For the uninitiated or those that’ve merely been overworked making an attempt to maintain tabs on each different onchain vertical that refuses to sleep, right here’s what it’s best to find out about $SFI and DeFAI in as few phrases as potential.
$SFI Goes Dwell, DeFAI Ranges Up
$SFI, the native token of the Singularity Finance ecosystem, is now formally reside on a number of exchanges together with MEXC in addition to varied DEXs. It’s the gasoline token, staking token, and all-round utility token of Singularity Finance’s EVM L2 which has been arrange as a common framework for internet hosting AI and RWAs in all its varieties.
Yep, there’s additionally RWAs within the combine, however not simply any outdated real-world belongings – the main target is on these pertaining to the AI economic system. Issues like compute, knowledge, and different digital uncooked supplies which might be important in holding the AI juggernaut trucking. Singularity Finance believes it could actually place all of this innovation onchain – by itself chain to be exact – and within the course of permit web3 customers to seize the upside to the expansion in synthetic intelligence that’s poised to make the web’s dotcom increase appear like a whimper.
One Token, One Chain
There are lots of chains on the market purportedly devoted to AI, starting from decentralized working techniques to internet hosting agentic launchpads and provisioning marketplaces for LLM coaching knowledge. Whereas all of those chains and protocols are advancing the trade, they’re unwittingly fragmenting it within the course of, sending initiatives spinning off in reverse instructions.
Singularity Finance isn’t making an attempt to unravel this problem. It has no want to host all the pieces that’s taking place in AI by itself chain. That may be an especially bold and certainly unworkable goal. What it’s making an attempt to do is make it straightforward for customers to seize the upside to development in AI – throughout all of the chains – in the identical manner you can at the moment speculate on the expansion of the memecoin economic system by shopping for SOL. (Sure, there are plenty of different methods to seize the upside to memecoins, however let’s not overwork the analogy.)
Singularity Finance reckons that the community that may acquire a rep as the house of DeFAI – the place the place AI-analogous tokens and RWAs are traded – can develop its TVL into the billions and do the identical for $SFI. Will it work? It’s manner too early to inform – the token’s actually simply launched – however there’s plenty of constructive momentum already gathering.
The Singularity Finance testnet has confirmed a convincing success, each by way of finish customers and initiatives constructing on its tech stack. And with the launch of $SFI now accomplished, it’s bought a trifecta of token-holder communities onboard, because of the merger of SingularityDAO and Cogito and corresponding token mergers that led to this second. Singularity Finance has simply tokenized itself. Now, it’s intent on tokenizing the AI economic system. If it succeeds on this endeavor, one ticker particularly will likely be in all places this 12 months. Its title is $SFI.
