Changpeng Zhao’s YZi Labs Makes Bold $16 Million Investment in Sign Project – BitRss

YZi Labs, led by Binance founder Changpeng Zhao, has invested $16 million in the altcoin project Sign, which specializes in on-chain token distribution services. According to reports from Fortune, this funding round also saw participation from Altos Ventures, HackVC, and Amber Ventures. With this support, YZi Labs emphasizes its commitment to the industry, raising the number of altcoin projects in its portfolio to over 250. This development is viewed as a significant milestone by those closely monitoring the cryptocurrency market.

Leading the On-Chain Infrastructure

Sign, established in 2021, aims to enable users to purchase cryptocurrencies more transparently. The platform provides services such as digital contract signing, token management, and on-chain information verification through different solutions like EthSign, TokenTable, and Sign Protocol.

The company striv…