$SFI Prepares to Claim Its Crown as Singularity Finance Token Goes Live
There’s a new AI token in town, but it’s not wedded to any one LLM or agent. In fact it’s not even wedded to any single AI vertical. It represents all of them, in a way, and yet simultaneously none of them. How so? Well, it’s like this: on February 6, Singularity Finance – the EVM L2 formed from an alliance of three existing web3 projects – officially launches its new token. While $SFI is technically a migration event, since it involves merging the former assets of the three partners, it is to all intents and purposes a new token that presents an opportunity to capture the value being generated at the intersection of AI and web3.
$SFI Goes Live at Last
The jury’s still out on whether the sector’s called DeFAI or AIFI, but there’s no disputing the token that will be at the center of it all. $SFI will serve as the utility token of the Singularity Finance ecosystem, and in this case it is a bona fide ecosystem, with a host of launch partners in place, users onboarded, and projects building on its scalable Layer 2.
From Zoth to CRYMBO, partners have queued up to claim a slice of what Singularity Finance is cooking and to bring something of their own to the party. In the case of Zoth, it’s access to tokenized institutional-grade funds. CRYMBO is addressing onchain compliance and others, such as Cicada, are supporting decentralized AI startups. Basically, there’s a whole bunch of stuff getting built on Singularity Finance and $SFI is intended to operate as the token that connects it all.
On February 6, the $SFI token is confirmed to be listing on at least one centralized exchange in the form of MEXC as well as on multiple DEXs. Once the initial excitement around token swaps, listings, and all the rest has died down, there'll be plenty to do with $SFI – and a lot more further down the line. Aside from serving as the native gas token on Singularity Finance, it’s required for node staking and also plays an integral role in Dynavaults – dynamic yield generation vaults – that allow DeFi users to earn a return on their assets. But as the Singularity Finance ecosystem expands, $SFI’s utility will significantly expand.
The $SFI token stands for synergy among AI, real assets, and a next-gen chain. DeFi was a solid step, but DeFAI is the true leap forward.
— Singularity Finance (@Singularity_Fi) February 5, 2025
Early participants define tomorrow’s winners.
All of AI in One Token
The Singularity Finance network was designed to serve as the financial backbone for onchain AI. Essentially, a universal blockchain that can host AI opportunities of all kinds, particularly when it comes to verticals like RWAs. Right now, most of the real-world assets being tokenized onchain are for things like real estate, gold, and stocks. But what’s to prevent the same technology being used to tokenize AI assets such as GP compute?
Do that and it becomes possible to essentially take out a long position on the prospect of AI demand increasing – and that’s just one of the AI assets that could receive the RWA treatment. It’s part of a panoply of ideas that Singularity Finance has lined up for its new network and new token. And for every dapp interaction or transaction that occurs on its L2, $SFI will be involved. If AI flourishes, it’s a safe bet that $SFI will follow suit.
AI came out of nowhere to dominate onchain innovation in 2024 thanks to agents, bots, DePINS, LLM networks, and other adjacent sectors, yet there’s still no single DeFi token that’s synonymous with artificial intelligence. $SFI has a chance to be that token. It won’t happen overnight and it’s by no means guaranteed to happen altogether. But the pieces are falling into place and with the launch of $SFI this week, the prospect of a universal utility token to unlock all of AI is a huge step closer to becoming a reality.