On January 28, 2025, YZi Labs, formerly Binance Labs, announced a $16 million investment in Sign Protocol, a blockchain token airdrop service.
What is Sign Protocol?
Sign Protocol is a cutting-edge omni-chain attestation protocol that enables users to verify and attest information on the blockchain. It aims to create a more transparent, secure, and efficient token distribution infrastructure for both human and AI agents. By leveraging decentralized technologies like blockchains and zero-knowledge cryptography, Sign improves verification processes across various applications.
How Does Sign Protocol Work?
Sign Protocol offers a scalable solution for verifying claims and assertions on the blockchain. It supports multiple blockchains, providing a chain-agnostic platform for issuing attestations compatible with EVM-based chains, Starknet, Solana, and TON. It provides both on-chain and off-chain storage modes for attestations. The protocol supports zero-knowledge proofs and digital signatures to verify consent, ensuring broad interoperability.
The Future of Sign Protocol
With new funding, Sign plans to expand partnerships with centralized exchanges and governments, integrate AI-driven applications, and launch its native token. This will strengthen its ecosystem and continue driving blockchain adoption through secure token distribution and credential verification.
The investment by YZi Labs in Sign Protocol highlights the importance of advancing blockchain technologies and affirms its potential in transforming the future of token distribution and data verification.
