KPMG Canada buys an NFT after investing in crypto

KPMG successful Canada announced that it has completed the purchase of a integer creation NFT from the World of Women collection.

“This acquisition reflects our content not lone successful the continued maturation of NFTs…”

Managing Partner, Advisory Services, Benjie Thomas said astir the buy. He added that NFTs enabled organizations to prosecute with their customers successful unsocial ways and allowed unafraid digitization of assets.

“There are galore usage cases for NFTs. We are already seeing organizations from retailers and sports leagues to auction houses, celebrities, and not-for-profits usage NFTs to marketplace their brand, enlistee talent, make value, rise consciousness for causes, and link with customers. “

KPMG’s cryptoassets and blockchain services co-leader Kareem Sadek said. He is besides bullish connected web3 and believes it volition alteration however radical interact with brands, socialize and commercialized integer assets.

WoW NFT Collection

The WoW, oregon World of Women, assemblage aims to bring much people, particularly women, into the NFT abstraction and physique a much inclusive web3 platform. The enactment supports women-focused and ecological causes astir the globe done charity.

Their archetypal NFT postulation was launched successful July 2021 and the 2nd 1 is slated for 2022.

KPMG successful Canada reportedly paid 25 ETH, oregon astir $70,000, for Woman #2681, which is simply a integer representation of a pistillate with bluish tegument and wavy hair.

We completed the acquisition of integer creation from the highly acclaimed World of Women non-fungible token (#NFT) collection, our archetypal foray into this rapidly increasing plus class. @worldofwomennft #ETH #NFTCommunity https://t.co/HDKu77oVam pic.twitter.com/JmUIaKZcpi

— KPMG Canada (@KPMG_Canada) February 28, 2022

KPMG spouse and nationalist hazard consulting person Nancy Chase said the institution hopes that this acquisition volition “draw much women” into the NFT sector.

“By each accounts, women are underrepresented successful the satellite of each things crypto, which makes america arrogant to marque our archetypal NFT acquisition successful a postulation that supports women.”

KPMG Canada bullish connected integer assets

This is the company’s archetypal NFT concern but not its archetypal foray into integer assets. It intends to usage its acquisition investing successful the integer plus marketplace to assistance their clients physique effectual strategies.

Earlier successful the month, the institution announced that it had added cryptocurrencies to its firm treasury. It did not disclose the magnitude invested but said its holding chiefly consisted of Bitcoin and Ethereum.

In summation to the aforementioned investments, the institution has besides purchased an Ethereum Name Service domain sanction — kpmgca.eth for an undisclosed amount.