HomeNewsKPMG Canada buys an NFT after investing in crypto

KPMG Canada buys an NFT after investing in crypto


Reading Time: 2 minutes

KPMG in Canada presented that it has completed the acquisition of a digital art NFT from the World of Girls sequence.

“This acquisition reflects our belief no longer handiest within the ongoing growth of NFTs…”

Managing Accomplice, Advisory Services, and products, Benjie Thomas acknowledged in regards to the expend. He added that NFTs enabled organizations to lift with their customers in unfamiliar systems and allowed stable digitization of sources.

“There are loads of expend conditions for NFTs. We’re already seeing organizations from stores and sports leagues to public sale properties, celebrities, and no longer-for-earnings expend NFTs to market their tag, recruit skills, create price, elevate consciousness for causes, and join with customers. “

KPMG’s crypto assets and blockchain services and products co-chief Kareem Sadek acknowledged. He will doubtless be bullish on web3 and believes this would possibly perhaps perchance also replace how people work along with producers, socialize and replace digital sources.

READ MORE:   January Sell off Wiped $500 Billion Off Crypto Market Cap

WoW NFT Sequence

The WoW, or World of Girls, neighborhood objectives to bring extra people, in particular females, into the NFT dwelling and beget an extra inclusive web3 platform. The organization supports female-centered and ecological causes worldwide thru charity.

Their first NFT sequence turned into launched in July 2021 and the second is slated for 2022.

KPMG in Canada reportedly paid 25 ETH, or roughly $70,000, for Girl #2681, which is a digital portrait of a girl with blue pores and skin and wavy hair.

We completed the acquisition of digital art from the highly acclaimed World of Girls non-fungible token (#NFT) sequence, our first foray into this hastily rising asset class. @worldofwomennft #ETH #NFTCommunity https://t.co/HDKu77oVam pic.twitter.com/JmUIaKZcpi

— KPMG Canada (@KPMG_Canada) February 28, 2022

KPMG companion and national menace consulting chief Nancy Plug acknowledged the firm hopes that this does away with will “map extra females” into the NFT sector.

“By all accounts, females are underrepresented on this planet of all things crypto, which makes us proud to beget our first NFT acquisition in a chain that supports females.”

KPMG Canada bullish on digital sources

This is the firm’s first NFT funding but no longer its first foray into digital sources. It intends to make expend of its trip investing within the digital asset market to abet their purchasers beget effective systems.

READ MORE:   Twitter enables users to give and receive Ethereum tips natively

Earlier within the month, the firm presented that it had added cryptocurrencies to its corporate treasury. It did not narrate the amount invested but acknowledged its preservation mainly consisted of Bitcoin and Ethereum.

Besides the aforementioned investments, the firm has also bought an Ethereum Title Provider domain title — kpmgca.eth for an undisclosed amount.

Disclaimer: This article is for informational capabilities only. It is no longer an immediate offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any merchandise, services, or companies. We do no longer provides funding, tax, neatly suited, or accounting advice. Neither the corporate nor the author is guilty, straight or no longer straight, for any injury or loss precipitated or speculated to be precipitated by or in connection with the usage of or reliance on any insist, items, or services mentioned in this text.


Most Popular