The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

SingularityDAO Raises $2.7M in Private Sale Led by AlphaBit to Usher AI-Driven DeFi

by Chainwire
April 28, 2021
in Industry Announcements

April 28, 2021 – Amsterdam, Netherlands


SingularityDAO, the independent DeFi-centric project incubated by SingularityNET, has raised $2.7 million in private sale funding from a number of prominent investors in the cryptocurrency space.

The funding round was led by AlphaBit, with participation from GBV (Genesis Block Ventures), SMO Capital, QCP Capital, AU21, Jun Capital, Magnus Capital and Moonwhale Ventures.

SingularityDAO is the DeFi-centric project incubated by SingularityNET, a blockchain-based AI marketplace founded by Dr. Ben Goertzel, a well-known artificial intelligence researcher. SingularityDAO focuses on bringing the benefits of AI to the world of decentralized finance, which presents one of the most natural applications for AI-driven algorithms.

SingularityDAO is a layer-2, non-custodial DeFi solution for earning yield and receiving diversified exposure to cryptocurrencies through automated baskets of assets. Structured as a decentralized autonomous organization, SingularityDAO is a multi-layer ecosystem centered around DynaSets, diversified baskets of cryptocurrency assets dynamically managed by AI and curated by the protocol.

SingularityDAO uses sophisticated AI to dynamically manage portfolios, execute efficient asset allocations and market making functions to provide liquidity for high-quality tokens on DEXs and predictively model asset management strategies.

This gives a blockchain architecture consisting of the following three layers.

  • A layer of DynaSets, the basic building block. These are dynamically managed collections of utility tokens, much like hedge funds in traditional finance. Each DynaSet is managed by a DynaSet asset manager (DAM), which can be a human, but will more likely be an AI or a combination of the two.
  • Liquidity pools associated with the DynaSets. These are used for farming yield by making loans to the DynaSets.
  • The DAO layer, decentralized governance driven by SingDAO tokens. These tokens grant rights to vote on proposed changes to the platform. Users can earn SingDAO tokens by providing liquidity to DynaSets on DEXes.

This creates a democratically-governed infrastructure of DeFi portfolios driven and optimized by SingularityNET’s AI.

SingularityDAO CEO Marcello Mari said,

“We are proud and humbled by the staggering support received by some of the world’s leading blockchain venture capitalists, which signals that AI-DeFi is going to be the next big thing in crypto by bringing financial sophistication to DeFi with AI-managed funds powered by SingularityNet’s superior AI technology. SingularityDAO’s will help thousands of users to get exposure to the crypto economy in this critical time.”

Co-founder and partner at GBV Leslie Tam said,

“SingularityDAO has the potential to leverage AI technology to address the challenges of low liquidity and price volatility when purchasing small- to mid-cap tokens in the DeFi ecosystem. GBV is excited to have participated in the fundraising to support Marcello and the team at SingularityDAO.”

Following the unveiling of SingularityDAO in November 2020, the project has been busy delivering its promise of AI-driven DeFi. The investment round will be critical in speeding up the development and growth of SingularityDAO as it gears up for mainnet launch.

In order to foster the decentralization of its ecosystem, SingularityDAO’s team has announced today its first governance generation event, opening up to the distribution of eight million governance tokens.

About SingularityDAO

SingularityDAO is a unique Layer-2, non-custodial DeFi solution. It is a fully decentralized autonomous organization governed democratically that allows members to create, manage and trade dynamic crypto indexes called DynaSets. DynaSets represent diversified portfolios of crypto assets, including high-quality small- to mid-cap tokens, and enable yield farming and hedging solutions for target assets. SingularityDAO is a SingularityNET incubated project.

Contact

Marcello Mari, SingularityDAO CEO

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.


Follow Us on X Facebook Telegram

Check out the Latest Industry Announcements
 

 
Submit a Press Release

Industry Announcements

  • DoubleUp : A new generation of GambleFi
    May 13, 2025
  • MoonX: BYDFi’s On-Chain Trading Engine — A Ticket from CEX to DEX
    May 13, 2025
  • Canelo Álvarez Joins 1win as Global Ambassador After Historic Title Victory
    May 13, 2025
  • AB DAO and AB Charity Foundation Join Forces To Build a Trustworthy Infrastructure and Promote Global Philanthropic Transformation
    May 12, 2025
  • Sonic Labs Announces $10 Million Token Sale to Galaxy for US Expansion
    May 12, 2025
  • New Purpose-Built Blockchain T-Rex Raises $17 Million To Transform Attention Layer in Web 3.0
    May 8, 2025
  • Flipster Makes Esports Debut As Official Crypto Exchange Partner of TALON’s Dota Two Team, Powering a New Era of Fan Engagement
    May 7, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$103,634.77
$103,634.77
0.31%
Ethereum
$2,504.46
$2,504.46
1.59%
BNB
$652.71
$652.71
5.12%
Solana
$173.67
$173.67
0.65%
XRP
$2.53
$2.53
0.67%

Spotlight

  • Bitcoin Transitioning From Risk To Hedge Asset As Institutions and Governments Adopt BTC, Says Bitwise CIO
    May 6, 2025
  • Vitalik Buterin Warns Ethereum Has Become Needlessly Complex, Calls for Mass Simplification of Chain
    May 6, 2025
  • Bitcoin Has ‘One Final Leg’ of Outperformance Before Altcoins See Boost, According to Crypto Analyst
    May 6, 2025
  • Matt Hougan Reveals Massive ‘Base Case’ Price Target for Bitcoin by Year-End Despite Potential Political Threats
    May 6, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl