Alisa Davidson
Printed: January 30, 2025 at 9:00 am Up to date: January 30, 2025 at 4:24 am
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January 30, 2025 at 9:00 am
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Singularity Finance has partnered with Cicada to create a $1M fund, supported by SFI grants and investments, to co-invest in AI and RWA initiatives constructed on the SFI chain, present on-chain liquidity, and help market-making efforts.
AI-focused EVM-compatible Layer 2 blockchain, Singularity Finance introduced a partnership with Cicada, a complete platform for launching blockchain initiatives geared toward making a $1M fund, supported by SFI grants and investments, to co-invest in AI and real-world asset (RWA) initiatives constructed on the SFI chain. The initiative may also deal with offering on-chain liquidity and supporting market-making efforts.
By combining their assets and experience, this partnership goals to drive the expansion of a decentralized AI economic system whereas strengthening the monetary infrastructure throughout the blockchain ecosystem.
“We see Cicada as a robust associate to assist us obtain our bold targets for SFI whereas additionally offering the most effective help to revolutionary AI and RWA builders, in addition to on-chain liquidity—to make SFI the primary alternative for actual innovation and tokenization,” stated Amaury Dalleur, Head of Incubation at Singularity Finance, in a written assertion.
Cicada contributes its experience in market-making, liquidity provision, and enterprise capital investments to the partnership, making certain sturdy help for initiatives throughout the Singularity Finance ecosystem. In return, Singularity Finance will provide the underlying blockchain infrastructure for these initiatives and make the most of its compliant RWA tokenization framework. This collaboration goals to determine a seamless ecosystem that connects conventional finance with decentralized innovation, addressing present inefficiencies and selling the broader adoption of tokenized RWAs.
“We see large potential within the long-term use of AI and RWA, and partnering with Singularity Finance is a good step towards supporting actual builders on this area,” stated Daniel, Head of Enterprise Growth at Cicada, in a written assertion. “Our expertise as LPs, VCs, and market makers, mixed with our sturdy community, will carry worth to initiatives constructing on their ecosystem,” he added.
The Singularity Finance x Cicada Grant helps AI, RWA, and DeFi initiatives which can be creating impactful options within the Web3 area. Chosen initiatives will obtain funding, technical experience, and strategic help to assist them develop throughout the Singularity Finance ecosystem. Functions are at the moment open.
What Is Singularity Finance?
Singularity Finance blockchain is designed to carry the AI economic system on-chain. It provides a completely compliant RWA tokenization framework that permits the tokenization and monetization of your complete AI worth chain. Originating from the SingularityNET ecosystem and carefully aligned with the Synthetic Superintelligence Alliance, Singularity Finance is positioned to change into the monetary spine for the AI trade.
Just lately, the platform introduced the launch of its incubation program, the RWA Base Camp Accelerator, in collaboration with the Web3 accelerator Outlier Ventures. This specialised program is geared toward startups within the RWA sector.
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About The Creator
Alisa, a devoted journalist on the MPost, focuses on cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising tendencies and applied sciences, she delivers complete protection to tell and have interaction readers within the ever-evolving panorama of digital finance.
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Alisa Davidson
Alisa, a devoted journalist on the MPost, focuses on cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising tendencies and applied sciences, she delivers complete protection to tell and have interaction readers within the ever-evolving panorama of digital finance.
Extra articles
