Astra 2023 Q2 Recap!
Greetings, Astra Community!
Closing a successful quarter, we released Astra ID on June 30, a major move towards strengthening digital identity security all set to bring this revolution in the digital identity realm of both Web2 and Web3. This release garnered a massive amount of accolades from industry experts, founders and leaders, taking Astra a few steps forward to its mission to make Web3 safe again!
Let’s dive into more accomplishments from Q2, 2023:
Featured on Nasdaq: NASDAQ featured Astra Protocol in an article released highlighting the need for cryptocurrency regulation. The article covered the former White House Chief of Staff & Astra Advisor Mick Mulvaney’s perspective on how a regulatory framework for cryptocurrencies and digital assets helps solve challenges in the industry and how Astra’s solutions resolve these issues. Read more about the feature and article here.
Unveiling a Globally Patented AI System for Enhanced KYC and AML: Our exciting collaboration with Yahoo Finance highlighted the release of our globally patented AI system. This advanced system efficiently identifies profile risks, significantly boosting security and consumer protection in Web3 across 150+ countries. To learn more, click here.
Yahoo Finance Features: Yahoo Finance covered Astra’s work on CBDC development in emerging markets highlighting how Astra is revolutionizing financial inclusivity and facilitating unprecedented economic growth by building CBDC. Read more about it here.
Significant Mentions: GDA Capital acknowledged the growth of $ASTRA token as a testament to our effective role in setting regulatory standards for the crypto industry. Such recognition reinforces our dedication to making a difference in the blockchain ecosystem.
Quotes by Advisory Board Members: Astra’s esteemed Advisors Young Sohn, the Former President and Chief Strategy Officer of Samsung; Mick Mulvaney & former White House Chief of Staff, Kirstjen Nielsen, the former Secretary of Homeland Security, Lord McNicol of West Kilbride, and Phil Hogan, the Former EU Commissioner for Trade, share their view on Astra solutions. Check it out here!
CRYPTO101 Podcasts Feature: Our CIO & CTO, Sakhib Waseem, had an engaging conversation on the latest episode of the CRYPTO 101 Podcast. He explained how Astra brings transformative consumer protection solutions to support the Web3 space amidst the ongoing regulatory crises.
Astra’s Stance on Security and Anonymity: Our Weekly InfoDigest#1 showcased how Astra is bringing consumer protection to Web3 while the Weekly InfoDigest #2 focused on how Astra brings AML and KYC capabilities to the Web3 economy and Weekly InfoDigest #3 focused on mitigating risks of illicit activities.
Accolades from Advisors: Our Advisor and the former White House Chief of Staff, Mick Mulvaney, highlighted our readiness to facilitate incoming global regulations in the crypto/blockchain space. This praise underlines our commitment to the mission of regulatory compliance.
Global Perspective on Crypto Regulation: Presenting a comparative analysis of Legal Frameworks in different countries worldwide, Astra Protocol published a detailed article on crypto regulation in numerous countries. The growing demand for digital assets has influenced how governments and regulatory bodies worldwide approach Web3 adoption. While some countries have adopted a progressive stance on crypto-regulation, others are taking a more tentative approach. This article compares countries’ responses to cryptocurrencies and Astra’s contribution to easing the adoption of digital assets worldwide. Read the article here.
Web3 Scams and Astra compliance layer: A video was released that mentions the scams and losses in the Web3 ecosystem since 2021 and how over 3 billion dollars have been lost so far. This video highlights how Astra’s decentralized compliance layer eliminates scams, hacks, rug pulls, and illicit finance in Web3 and boosts consumer protection. Watch the video here.
Must Read Threads: Emphasizing the need for decentralized regulation and user protection in Web3, Astra Protocol released threads.
One mentions the hindrance in user participation due to the lack of user security since 2018 and how Astra will ensure decentralized compliance in the ecosystem. Learn more.
The second highlights the surge in on-chain web3 activities since the ARB Airdrop with the simultaneous hesitance to take full advantage of such events due to the need for more security. The recurring losses and scams can hold DeFi back and undermine user confidence and trust. Learn more.
Revolutionizing the NFT Space: We unveiled the transformative potential of Astra’s Decentralized Compliance Solution in enhancing the security, standardization, interoperability, and privacy within the Non-Fungible Tokens (NFTs) domain.
Embracing Compliance in Web3: Astra’s compliance tech includes decentralized KYC and AML procedures, reinforcing our position amidst the rapidly evolving crypto regulations worldwide.
Sticker Collection Launch: Astra Protocol launched its official Sticker collection made exclusively for the community. These stickers were introduced to add more quirks and nuances to the interactions from the community. You can take a look at the collection here.
Compliant Web3 Era with Astra’s Decentralized KYC Platform: Astra is entering a new era in compliance with Web3. Leveraging its decentralized Know Your Customer (KYC) platform, Astra seamlessly integrates financial regulatory standards from more than 150 countries and incorporates over 300 sanctions. With Astra leading the way, the transformation towards a secure, transparent, and compliant Web3 environment is underway. Discover more about Astra’s pioneering work in balancing security and anonymity in Web3.
Combating Identity Theft with Decentralized Compliance Technology: Our latest article delved into the power of Astra’s globally patented decentralized compliance technology in tackling identity theft. We’ve outlined our unique approach to eliminate central points of vulnerability, offering a reliable solution for identity protection. Read the full article.
Advanced AML Solutions for a Safer Web3 Future: Astra is setting a new standard for AML solutions in the Web3 space. By seamlessly integrating traditional financial regulations with modern Web3 protocols, we’re making financial compliance a cornerstone of the crypto industry. Read more.
That’s a wrap! Astra has a lot of plans for this quarter. Stay tuned to learn more!
Astra: KYC for Web3
Astra is a decentralized KYC provider for the Web3 applications and protocols. Astra’s mission is to provide a range of regulatory compliance tools for crypto applications, ensuring that financial compliance standards can be met across the Web3 industry.
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