Morning Tick
  • Latest News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Fintech
    • Altcoins
  • Market Analysis
  • Resources
  • Contact
    • About Us
    • Press Toolkit
Facebook Twitter Instagram
Morning Tick
  • Latest News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Fintech
    • Altcoins
  • Market Analysis
  • Resources
  • Contact
    • About Us
    • Press Toolkit
Facebook Twitter Instagram
Morning Tick
Press Release

Astra Protocol sets up compliance hub in The Sandbox virtual world

The setup will bring fully decentralized compliance to metaverse users
Guest ContributorBy Guest ContributorPublished 12 months ago on February 1, 2022
Astra Protocol
Share
Reddit Facebook Twitter LinkedIn Pinterest WhatsApp Email

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.

Jez Ali, the founder of Astra Protocol, said,

“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.

What is Astra Protocol?

Our 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.

Press Release
Disclaimer
Read More Read Less
The information provided on this website shouldn’t be considered as investment, tax, legal, or trading advice. Morning Tick is not an investment advisory platform, nor do we intend to be. The publication, its’s management team, or authored-by-line doesn’t seem liable for your personal financial losses, which may be due to your panic decisions based on the content we published. We strongly recommend considering our stories as just a piece of information, unlike advice, recommendations, or requests. Some of the contents may get outdated, updated, or inaccurate despite our profound editorial policies. We urge readers to do their due diligence before making any investments decision with ongoing IDOs, ICOs, IEOs, or any other kind of financial offerings. Few outbound links may be commissioned or affiliated, which helps us grow financially and maintain healthy editorial norms. For more information, visit disclaimer page.
Share. Facebook Twitter Pinterest LinkedIn Email Reddit WhatsApp
Previous ArticleBitMEX releases BMEX token Litepaper, Airdrops over 1.5m BMEX to new and existing users
Next Article KDX launches pre-launch sale on Tokensoft following X-Wallet release
Guest Contributor

Guest contributors could be anyone - MorningTick PR team, industry thought leaders or partnered companies who submitted syndicated content.

Recommended Posts

Introducing Lucky Mystery Box, Crypto lottery based on TRON with a prize pool of 1M USDT

2 months ago

KX.finance announces upcoming DeFi/DEX aggregator launch on APTOS/SUI blockchain

4 months ago

HyperBC Group unveils Zero interest Crypto Credit Card HyperCard, obtains Lithuanian Financial License

4 months ago

Mintology announces the launch of new brand centric claimable NFT platform

5 months ago
Add A Comment

Comments are closed.

Latest

Introducing Lucky Mystery Box, Crypto lottery based on TRON with a prize pool of 1M USDT

2 months ago

GlobalDots joins forces with Coralogix to save companies 40-70% on full-stack observability costs, launching a debut CDN log management solution

3 months ago

KX.finance announces upcoming DeFi/DEX aggregator launch on APTOS/SUI blockchain

4 months ago

HyperBC Group unveils Zero interest Crypto Credit Card HyperCard, obtains Lithuanian Financial License

4 months ago

Unplugged launches its mobile App Suite to help consumers reclaim their privacy

4 months ago
Morning Tick
Facebook Twitter Instagram Pinterest RSS
  • About Us
  • Press Toolkit
  • Disclaimer
  • Contact Us
  • Privacy Policy
  • Sitemap
© 2023 Morning Tick. Disclaimer: The information provided on this website shouldn't be considered as investment, tax, legal, or trading advice.

Type above and press Enter to search. Press Esc to cancel.