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 Binance founder Changpeng Zhao.
What is Sign Protocol?
Sign Protocol is an omni-chain attestation protocol that enables the verification and attestation of information on the blockchain. It aims to create a more transparent and secure token distribution infrastructure for both humans and AI agents.
How Does Sign Protocol Work?
Sign Protocol offers a scalable solution for verifying claims on the blockchain. Supporting multiple blockchains, it offers a chain-agnostic platform for cross-platform compatibility. Storage modes include on-chain and off-chain, providing flexibility and cost-effectiveness.
Future Plans
With fresh funding, Sign Protocol aims to expand its partnerships with centralized exchanges and governments, integrate AI-driven applications, and launch its native token. These initiatives are expected to strengthen the protocol's ecosystem and support the broader adoption of blockchain technology.
The investment from YZi Labs is expected to help Sign Protocol solidify its market position and advance blockchain adoption through secure token distribution and credential verification.
