The Sandbox implements KYC measures for protocol staking

Metaverse platform The Sandbox would require Know Your Buyer (KYC) verification for its staking processes, in line with an Aug. 3 announcement.

The announcement said that solely verified customers may deposit The Sandbox (SAND) tokens, that are native to the platform, and declare staking rewards, whereas non-verified customers shall be positioned into withdraw-only mode. Knowledge from blockchain analytics agency Messari reveals that 123 million SAND, or 6.7% of the token’s circulating provide, is at the moment staked by customers. The Sandbox builders wrote:

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