Astra Protocol Sets Up a Compliance Hub in The Sandbox Virtual World to Bring Fully Decentralized Compliance to Metaverse Users
Photo: Astra Protocol
This content is provided by a sponsor
Astra Protocol, a cutting-edge legal and compliance layer that brings unmatched assurance to public blockchains, is pleased to announce that it has set up a Compliance Hub in The Sandbox virtual world. The new Compliance Hub will arm the metaverse users with a decentralized compliance layer, including Know-Your-Customer (KYC) and Anti-Money-Laundering (AML) capabilities.
Astra Protocol resolves on-chain compliance issues using its patented technology and the expertise of trusted legal firms. With its new Compliance Hub, Astra aims to make the emerging frontier of metaverse safer for all participants.
It has created a unique Decentralized Legal Network (DLN) consisting of all the major, global legal and audit firms to provide the best KYC/AML services available. The DLN covers jurisdictions in 195 countries to ensure that regulations can be met almost anywhere globally.
The metaverse users can head to Astra’s Compliance Hub, connect to its DLN, gain accreditation, and receive a non-transferrable NFT, which grants them privileged access to otherwise unreachable special events.
This whitelisting process means that once a user is verified, they can partake in all the exciting metaverse occasions without having to worry about their identity being compromised. Astra’s services solve identity issues while protecting users from harm or malicious accounts.
“We are delighted to announce the Astra Protocol’s entry into the metaverse with our first plot in The Sandbox. The future of metaverse development will be a long-lasting and innovative mission which has already shown incredible growth and is an exciting area of Web3. By deploying the first Compliance Hub in the metaverse, we can support this growth by adding a layer of protection for users across the world.”
Astra Protocol chose The Sandbox for its Compliance Hub because it has some of the most desirable and exciting locations. It is where most users are flocking to for new immersive experiences and ways of interacting with one another. With only 166,464 individual plots of land available, there is enormous competition for The Sandbox locations.
The Sandbox is an Ethereum-based virtual world where users can build, own, and monetize online hangout spaces and gaming experiences.
About Astra Protocol
Astra Protocol‘s mission is to equip all DeFi smart contracts with a fully decentralized compliance layer, including KYC & AML capabilities, to act as a tool to resolve real-world compliance issues using the expertise of trusted legal firms.
Disclaimer: This publication is sponsored. Coinspeaker does not endorse or assume responsibility for the content, accuracy, quality, advertising, products, or other materials on this web page. Readers are advised to conduct their own research before engaging with any company mentioned. Please note that the featured information is not intended as, and shall not be understood or construed as legal, tax, investment, financial, or other advice. Nothing contained on this web page constitutes a solicitation, recommendation, endorsement, or offer by Coinspeaker or any third party service provider to buy or sell any cryptoassets or other financial instruments. Crypto assets are a high-risk investment. You should consider whether you understand the possibility of losing money due to leverage. None of the material should be considered as investment advice. Coinspeaker shall not be held liable, directly or indirectly, for any damages or losses arising from the use or reliance on any content, goods, or services featured on this web page.
