Astra Protocol, a cutting-edge legal and compliance layer that provides unparalleled assurance to public blockchains, is thrilled to announce the launch of a Compliance Hub in The Sandbox virtual environment. The new Compliance Hub will provide a decentralized compliance layer to metaverse users, including Know-Your-Customer (KYC) and Anti-Money-Laundering (AML) features.
Astra Protocol uses its unique technology and the experience of trusted legal firms to resolve on-chain compliance challenges. Astra’s new Compliance Hub aims to make the metaverse’s developing frontier safer for all parties.
To deliver the best KYC/AML services available, it has built a unique Decentralized Legal Network (DLN) that includes all of the top worldwide legal and audit firms. The DLN includes 195 countries, ensuring that rules can be met practically everywhere on the planet.
Users in the metaverse can go to Astra’s Compliance Hub, connect to its DLN, become accredited, and receive a non-transferable NFT that enables them privileged access to otherwise inaccessible special events.
This whitelisting procedure ensures that after a user’s identification has been verified, they can participate in all of the exciting metaverse events without fear of their identity being compromised. Astra’s services help users overcome identification problems while also safeguarding them from malicious accounts.
“We are happy to announce the Astra Protocol’s introduction into the metaverse with our first storyline in The Sandbox,” stated Jez Ali, the founder of Astra Protocol. Metaverse development’s future will be a long-term and inventive mission that has already showed remarkable progress and is an interesting Web3 field. We can support this expansion by creating the first Compliance Hub in the metaverse, which will add a layer of protection for consumers all across the world.”
Because it boasts some of the most desired and intriguing sites, Astra Protocol chose The Sandbox for its Compliance Hub. It’s where the majority of people go to find new immersive experiences and methods to communicate with one another. There is fierce competition for The Sandbox locales, with only 166,464 distinct plots of land available.
The Sandbox is a virtual environment based on Ethereum that allows users to create, own, and monetize online hangout areas and gaming experiences.