Astra Protocol, a cutting edge legal and compliance layer that offers unmatched assurance to public Blockchains, has announced the creation of a Compliance Hub in The Sandbox virtual realm, CoinJournal discovered from a press release.
The new Compliance Hub will equip metaverse users with a decentralized compliance layer, including Anti-Money-Laundering (AML) and Know-Your-Customer (KYC) capabilities.
Making the metaverse safer to all
Astra’s new Compliance Hub aims to make the emerging metaverse frontier safer and more secure for everyone. This layer solves on-chain compliance concerns using the expertise of trusted law firms and its patented tech.
Astra created a unique DLN, or Decentralized Legal Network. It is composed of major audit and law firms around the world to offer the best KYC/AML services. The DLN is made up of jurisdictions from nearly 200 countries. It makes it possible to meet regulations almost anywhere in the globe.
Users can connect to Hub’s DLN, gain accreditation, and more
A wide variety of options are available to metaverse users: connecting to the Compliance Hub’s DLN, obtaining accreditation, and receiving a non-transferrable NFT. You will have access to exclusive events otherwise unobtainable through the NFT.
Following user verification, it’s possible to take part in any metaverse event you want without worrying about identity compromise. Astra’s services protect users from malicious or harmful accounts while solving identity issues.
Jez Ali, 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 growth will be a long-lasting innovative mission. This mission has shown remarkable growth and is an exciting field of Web3. The first Compliance Hub will be deployed in the metaverse to support growth and provide protection for users around the globe.
The Sandbox was chosen by Astra Protocol to launch its Compliance Hub due to its desirable and enjoyable locations. The Sandbox is the preferred destination for metaverse users looking for immersive experiences and new ways to interact.
There are only 166 464 plots of land that can be used for The Sandbox. This means there is fierce competition.
