On January 28, 2025, YZi Labs, the newly rebranded arm of Binance Labs, announced an investment of $16 million in Sign Protocol, a blockchain-based token airdrop service.
What is Sign Protocol?
Sign Protocol is a state-of-the-art omni-chain attestation protocol that allows users to verify and attest information on the blockchain. Founded in 2021, it has become a leader in the token distribution sector, serving over 200 projects.
How Does Sign Protocol Work?
Sign Protocol offers a scalable solution for verifying claims on the blockchain using features like omni-chain attestation, off and on-chain storage modes, and cryptographic proof of consent.
The Future of Sign Protocol
With new funding, Sign Protocol plans to expand partnerships with exchanges and governments, integrate AI applications, and launch its native token to further advance blockchain adoption.
YZi Labs' investment in Sign Protocol underscores the significance of blockchain projects today and their potential to transition traditional internet platforms into Web3 solutions.
