On January 28, 2025, YZi Labs, the newly rebranded arm of Binance Labs, announced a $16 million investment in Sign Protocol, a blockchain token airdrop service.
What is Sign Protocol?
Sign Protocol is an advanced omni-chain attestation protocol that enables users to verify and attest information on the blockchain. It focuses on creating a transparent, secure, and efficient token distribution infrastructure for both humans and AI agents. By leveraging decentralized technologies like blockchains and zero-knowledge cryptography, Sign Protocol aims to improve verification processes across various applications.
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 multiple blockchains, off-chain and on-chain modes, and built-in privacy features like passwordless private attestations.
New Opportunities and Future of Sign Protocol
With fresh funding, Sign Protocol plans to expand partnerships with centralized exchanges and governments, integrate AI-driven applications, and launch its native token. This will bolster the Sign ecosystem and drive blockchain adoption through secure token distribution and credential verification.
With the new investment, Sign Protocol aims to simplify the token distribution process and onboard users from traditional internet platforms into the blockchain-based Web3 world, which is crucial for the mass adoption of blockchain technology.
