Singularity Finance Launches Testnet for AI-Centric Layer 2 Blockchain

Incentivised testnet set to go live on 30th December 2024, bridging AI economy with blockchain technology

6th December 2024 – Singularity Finance, the leading artificial intelligence and blockchain developer, has announced the launch of its testnet. Set to go live on 30th December 2024, it will feature a three-month incentivised campaign to reward early adopters and refine Singularity’s vision of building AiFi on scalable L2 infrastructure.

Singularity Finance’s EVM-compatible L2 blockchain is designed to address key challenges in the current blockchain landscape. The solution enhances scalability by utilising Optimistic Rollups to enable high-throughput transaction processing off-chain whilst maintaining Ethereum’s robust security. This significantly reduces transaction costs through off-chain batching and efficient settlement on Ethereum mainnet.

The platform also offers seamless connectivity with various blockchain ecosystems via integrated cross-chain bridges and advanced oracles, improving interoperability. Developers benefit from a friendly environment with familiar tools and processes for smart contract deployment, simplifying the process of building and validating dApps.

Tokenising the AI Value Chain

At the heart of Singularity Finance’s mission is the tokenisation of core components of the AI value chain. This includes AI Compute, enabling the monetisation of hardware and energy sources; AI Agents, facilitating the creation and trading of AI-driven assets; and Data Ownership, empowering users with control over their data in the AI ecosystem.

“Our testnet launch is a crucial step towards democratising access to the rapidly expanding AI economy,” said Cloris Chen, CEO and Co-Founder of Singularity Finance. “By bridging DeFi with tokenised AI assets, we’re not just creating a new blockchain; we’re fostering an entire ecosystem where AI and finance converge to create unprecedented opportunities.”

Testnet Features and Incentives

The testnet campaign, running from 30th December 2024 to 30th March 2025, offers participants a range of benefits:

• Seamless onboarding and developer-friendly tools
• A comprehensive reward system with leaderboards to encourage active participation
• Opportunities to stress-test the network and provide valuable feedback
• Early access to build and validate dApps on the platform
• Conversion of testnet points into mainnet benefits

Participants can earn points through various activities, including completing transactions on testnet dApps, testing various features, and contributing to the community through tutorials and educational content.

Developers, AI enthusiasts, and blockchain aficionados are invited to participate in the Singularity Finance testnet. By joining, participants will play a crucial role in shaping the future of AiFi and gain early access to a platform that promises to redefine the intersection of AI and blockchain technology.

To register interest in participating in the SFI Testnet you can do so HERE:
https://docs.google.com/forms/d/e/1FAIpQLSdSVCc8k3HTuAnDS2To9FXOXtxexP81uzq6QiAUV0ykapgfpw/viewform  

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About Singularity Finance

Singularity Finance is at the forefront of AiFi, developing an EVM-compatible Layer 2 blockchain designed to tokenise and integrate the AI economy. By combining AI, real-world assets, and blockchain technology, Singularity Finance aims to enhance on-chain application performance and efficiency, ushering in a new era of decentralised AI-powered financial services

Learn more:  www.singularityfinance.ai

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