Marcello Mari, CEO of Singularity DAO, discussed the company’s focus on building out the DeFi space and their use of artificial intelligence technologies to power their on-chain digital asset manager. Singularity DAO offers vaults where users can use their protocol, deposit funds and then trade for a given time. They focus on major cryptocurrencies like Bitcoin and Ethereum, but plan to offer more risky and more conservative investment options in the future. Mari also discussed their use of sentiment analysis and natural language processing to predict the cryptocurrency market with accuracy up to 85%. Users can get involved with Singularity DAO by depositing stablecoins or any digital asset into their vault.
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Singularity DAO: Revolutionizing the DeFi Space with AI
As the cryptocurrency market continues to evolve, decentralized finance (DeFi) has emerged as a promising sector for investors. Singularity DAO is a project that aims to revolutionize the DeFi space using artificial intelligence. Recently, Marcelo Mari, the CEO of Singularity DAO, was interviewed by Ashton Addison from Block West Capital for InvestmentPitch Media and The CryptoCurrent Show to talk about the project and its future plans.
Meet the CEO: Marcelo Mari
Marcelo Mari is the CEO of Singularity DAO, the first project that emerged from SingularityNET Foundation. Mari has been with SingularityNET since 2017, and he was part of the ICO during the original bull run in 2017. Singularity DAO is an on-chain digital asset manager and wealth manager that offers vaults for users to deposit funds and trades for a given time with the power of AI.
AI-Powered Wealth Management
Singularity DAO’s core proposition is to democratize access to complex AI tools that were once inaccessible to the public. Their core products are vaults where users can deposit funds, and AI trades for a given time, hoping to return a profit to its users. Singularity DAO focuses on majors like Bitcoin and Ethereum, and they have one vault dedicated to altcoins. Mari shared that Singularity DAO has taken a conservative approach, although their strategies have beaten the market by an average of 15-20%. Singularity DAO is also introducing risk-adjusted dyna sets and vaults for a long-term view.
The Secret Sauce: AI-based Trading Strategies
Mari shared that Singularity DAO’s artificial intelligence uses a range of techniques, including sentiment analysis and natural language processing to understand market trends. Singularity DAO’s trading strategies are their “secret sauce,” which cannot be openly talked about. They are experimenting with reinforcement learning that can understand the consequences of trading on-chain, making it more profitable in the long run.
Getting Involved with Singularity DAO
Mari shared that anyone can get involved with Singularity DAO by depositing digital assets or stable coins. Singularity DAO’s goal is to democratize access to AI tools that were once only available to the wealthiest people. Users can deposit funds in the vaults and let the AI trade for them.
As the world of DeFi evolves, Singularity DAO offers a unique proposition using AI-powered wealth management. Singularity DAO offers an opportunity for investors to enter the market with confidence, whether they are new to the world of cryptocurrency or a seasoned investor. With its focus on majors and altcoins and risk-adjusted dyna sets and vaults, Singularity DAO offers a range of investments for users. As Mari says, “Our goal is to beat the market, and we want to perform better than the underlying token.”
