Astra Protocol sets up a compliance hub in the virtual sandbox world to provide decentralized compliance
[PRESS RELEASE – Zürich, Switzerland, 1st February 2022] Astra Protocol, an advanced legal and compliance layer that provides unparalleled assurance to public blockchains, is pleased to announce that it has established a Compliance Hub in the virtual world of Sandbox. The new Compliance Hub will provide metaverse users with a decentralized compliance layer, including Know-Your-Customer (KYC) and Anti-Money-Laundering (AML) capabilities. Astra Protocol solves on-chain compliance issues using its proprietary technology and the expertise of trusted law 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) composed of all major global legal and audit firms to provide the best KYC/AML services available. The DLN covers jurisdictions in 195 countries to ensure regulatory compliance can be met almost anywhere in the world. The metaverse users can go to Astra’s Compliance Hub, connect to its DLN, gain accreditation and receive a non-transferable NFT, which gives them privileged access to otherwise unreachable special events. This whitelisting process means that once a user is verified, they can participate in all the exciting metaverse occasions without worrying about their identity being compromised. Astra’s services resolve identity issues and protect users from harm or malicious accounts. Jez Ali, the founder of Astra Protocol, said: “We are excited to announce the entry of the Astra Protocol into the metaverse with our first plot in The Sandbox. The future of metaverse development will be a long-term and innovative mission that 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 around the world.” Astra Protocol chose The Sandbox for its Compliance Hub because it has some of the most desirable and exciting locations. This is where most users come for new immersive experiences and ways to interact. With only 166,464 individual lots available, there is huge 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 Our mission is to equip all DeFi smart contracts with a fully decentralized compliance layer, including KYC and AML capabilities, to act as a tool to resolve real-world compliance issues using the expertise of trusted law firms. SPECIAL OFFER (Sponsored) Binance Free $100 (Exclusive): Use this link to register and get $100 Free and 10% Off Fees on Binance Futures First Month (Terms and Conditions). PrimeXBT Special Offer: Use this link to register and enter POTATO50 code to get 25% off trading fees.