On January 28, 2025, YZi Labs, the newly rebranded arm of Binance Labs, announced an investment in Sign Protocol, a blockchain-based token distribution service. The funding will allow the protocol to grow and expand its infrastructure.
What is Sign Protocol?
Sign Protocol is a cutting-edge omni-chain attestation protocol enabling users to verify and attest information on the blockchain. It provides a transparent and secure infrastructure for token distribution. Since its founding in 2021, Sign Protocol has emerged as a leader in the token distribution sector, trusted by over 200 projects.
How Does Sign Protocol Work?
Sign Protocol offers a scalable solution for verifying claims and assertions on the blockchain. Key features include omni-chain attestation, support for off-chain and on-chain data storage, verifiable consent using cryptographic proofs, and privacy features that allow keeping attestations private.
Future Plans and Development of Sign Protocol
With new funding, Sign Protocol plans to expand partnerships with centralized exchanges and government organizations, integrate AI-driven applications, and launch its native token. These steps will help strengthen Sign's ecosystem and continue advancing blockchain technology adoption.
YZi Labs' investment in Sign Protocol underscores the importance of innovation in blockchain technology and token distribution engineering, fostering mass adoption of Web3 technologies.
