On January 28, 2025, YZi Labs, the newly named branch of Binance Labs, announced a $16 million investment in Sign Protocol, supported by Binance founder Changpeng Zhao.
What is Sign Protocol?
Sign Protocol is an innovative omni-chain attestation protocol that enables users to verify and attest information on the blockchain, aiming to create a more transparent and efficient token distribution infrastructure.
How Sign Protocol Works
The protocol offers a scalable solution for verifying claims on the blockchain, featuring omni-chain attestation, off-chain and on-chain storage modes, verifiable consent, and privacy for sensitive data.
Future Plans for Sign Protocol
With new funding, Sign Protocol aims to expand partnerships with centralized exchanges, integrate AI-driven applications, and launch its native token.
Sign Protocol seeks to simplify the token distribution process and onboard users from traditional internet platforms into the blockchain-based Web3 world for broader technology adoption.
