The Particle Protocol has been built to enable groups of likeminded individuals to come together and co-own works of art (be they physical or digital in medium). We've built the protocol in a way that allows for the management of the Art by the co-ownership to be performed completely independently, transparently, and in a decentralised (on-chain) way.
Since these different groups of co-owners of each artworks will have governance rights over high value assets, it is necessary for peace of mind of the co-ownership, and for legal regulatory requirements that we know who are the members of the co-ownership, and put them through a rigorous Anti Money Laundering (AML) check.
Please note, we do not store any of your personal identity documents or photos of yourself. You can learn more about how our KYC partner works by referring to their terms of us here.
In addition to the above, the regulations in the United States, and the lack of guidance given to decentralised protocols, make it too risky for us to allow for US-persons to use the platform. For this reason, we also use the KYC check to screen for US-persons.
Have additional questions?
Reach out to us via Twitter DM (@collectparticle) or by opening a support ticket in Discord.