On January 28, 2025, YZi Labs, the newly rebranded arm of Binance Labs, announced an investment in Sign Protocol, a blockchain-based token airdrop service. The funding reported to be $16 million was supported by Changpeng Zhao, the founder of Binance.
What is Sign Protocol?
Sign Protocol is an innovative omni-chain attestation protocol that enables 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 become a leader in the token distribution sector, with its services trusted by over 200 projects.
How Does Sign Protocol Work?
Sign Protocol offers a scalable solution for verifying claims on the blockchain, utilizing zero-knowledge cryptography and supporting multiple blockchains. The protocol provides cross-platform compatibility, integration with EVM chains, Starknet, Solana, and TON. The platform allows users to choose between on-chain and off-chain data storage, providing flexibility according to needs.
Future Plans of Sign Protocol
With the new funding, Sign Protocol plans to expand partnerships with centralized exchanges and governments, integrate AI-driven applications, and launch its native token. This funding will help Sign bolster its ecosystem and continue driving blockchain adoption through secure token distribution and credential verification.
Sign Protocol aims to simplify the token distribution process, assisting users from traditional internet platforms (Web2) transition into the blockchain-based Web3 world, which is crucial for the mass adoption of blockchain technology.
