As of January 28, 2025, YZi Labs, the newly established arm of Binance Labs, announced its investment in Sign Protocol, focusing on enhancing the token distribution infrastructure.
What is Sign Protocol?
Sign Protocol is a cutting-edge omni-chain attestation protocol allowing users to verify and attest information on the blockchain. It focuses on creating a more transparent, secure, and efficient token distribution infrastructure for both humans and AI agents. Since its founding in 2021, Sign Protocol has emerged as a leader in the token distribution sector, with its services trusted by over 200 projects, including major players like Starknet, Movement, and ZetaChain.
How Sign Protocol Works
Sign Protocol offers a scalable solution for verifying claims and assertions on the blockchain. Key features of Sign Protocol include:
* Omni-Chain Attestation: Support for multiple blockchains for cross-platform compatibility. * Storage Modes: Users can choose between on-chain and off-chain storage on platforms like Arweave. * Verifiable Consent: Support for zero-knowledge proofs and digital signatures. * Privacy Features: Private attestations hidden from the public, revealed only when necessary.
Future Plans and Goals of Sign Protocol
With fresh funding, Sign Protocol plans to expand partnerships with centralized exchanges and governments, integrate AI-driven applications, and launch its native token. These efforts aim to bolster the ecosystem and promote blockchain technology through secure token distribution and credential verification.
Sign Protocol aims to simplify the token distribution process, which is crucial for the mass adoption of blockchain technology, helping Web2 users transition to Web3.
