Why pay attention to this project in advance?
In the digital age, 'trust' is the core foundation of both the internet and the real world, supporting the development of e-commerce, financial services, social media, public services, and more.
However, the current trust mechanism still heavily relies on centralized institutions, leading to a series of problems:
Authoritative institutions monopolize data, limiting privacy and security
High trust costs, complex and inefficient verification processes
Cross-platform trust is difficult to establish, data cannot be interchanged
Blockchain technology can solve these pain points, and Sign Protocol is an important driver of this narrative.
📌 Sign Protocol uses technologies such as blockchain, zero-knowledge proofs (ZK), and decentralized data storage, allowing users to freely authenticate and verify on-chain information, building a trustworthy identity system.
2 Track Analysis
✅ Global KYC & DID demand is growing (financial, social, DAO contribution verification)
✅ Web3 airdrops & token distribution urgently require identity verification (to prevent witch attacks)
✅ Demand for on-chain contract signing and decentralized document storage is rising
📌 Sign Protocol competitive advantages:
Universal DID certification framework applicable to multiple tracks such as Web3, RWA, DeFi, NFT, social, governance, etc.
No Gas fee required, cross-chain authentication greatly enhances user experience
ZK protects privacy and ensures the security of identity data
3 Key Analysis
1️⃣ Core Products
🔹 Sign Protocol (main protocol)
Full-chain certification protocol helps users create, verify, and store Schemas
Decentralized DID standards support on-chain identity verification and data declarations
Multi-chain compatible, no Gas fees, privacy protection
🔹 EthSign (on-chain electronic signature)
Web3 version of DocuSign supports document uploads, multi-party signatures, and on-chain evidence preservation
2 million+ users, 800,000 contracts, widely used in contract signing
🔹 TokenTable (token management & distribution)
Token management platform for investors provides token unlocking, vesting management, and automatic distribution
Has supported over 200 projects, distributing $2 billion in tokens to 40 million addresses
Supports various access mechanisms such as KYC, NFT holders, governance token holders, etc.
🔹 Sign Pass (on-chain passport & identity verification)
Collaborated with the Sierra Leone government to launch the world's first on-chain passport
Pay 2 ETH to mint Sign Pass and gain permanent residency in the country
📌 Sign Protocol combines DID, smart contracts, data storage, and on-chain identity verification to create a complete Web3 trust system.
2️⃣ Financing Information
Sign Protocol has currently completed at least $28.65 million in financing, with investors including Yzi Labs (formerly Binance Labs), Sequoia Capital India, HashKey Capital, Animoca Brands, Mirana Ventures, and other top institutions, strong capital strength, and rich ecological resources. The latest round of financing was on January 28, 2025, with a financing amount of $16 million, led by Yzi Labs, Hack VC, Amber Group, and Altos Ventures. In addition, Sign Protocol also completed $12 million in financing in March 2022, led by Sequoia India and Mirana Ventures, establishing its leading position in the DID track.
3️⃣ Market growth & real application data
Latest data (2024)
Annual revenue of $15 million
TokenTable has cumulatively distributed $2 billion in tokens, covering 40 million addresses
The world's first on-chain passport project Sign Pass is officially landing
📌 Sign Protocol is not just a concept, but a project that already has real income and application landing.
4 ⚠️ Risks
📉 DID track competition is fierce (Lens, ENS, Verifiable Credentials, etc.)
📉 User growth challenges (adoption & developer ecosystem construction is still in the early stages)
📉 Token economics have not been announced (whether to issue tokens, how to capture value)
📌 Although the Sign Protocol ecosystem is growing strongly, attention is still needed on the release of the token economic model and market acceptance.
✅ Conclusion & Perspectives
📌 Sign Protocol has core advantages in the DID track (on-chain certification + token management), strong capital support, real income & application landing, suitable for short-term observation, with potential in the medium to long term.
📢 What do you think of Sign Protocol? Can it become a game changer in the DID track? Feel free to leave comments for discussion! 🚀
