KPGM is a global financial giant. KPMG Canada, which came to the fore with BTC and ETH purchases, recently attracted attention with the purchase of an NFT token project. The giant firm continues its crypto investments by acquiring World of Women NFT. Details are on Kriptokoin.com.
World giant buys NFT token
KPMG said, “After going through the process, we are in a good position to guide our customers in creating an enterprise NFT strategy.” KPMG’s Canadian branch has purchased a non-tradable token (NFT) from the World of Women collection, which represents the global accounting firm’s investment in digital collectibles, the company announced on Monday. A company spokesperson said that NFT Woman #2681 was purchased on February 13 for 25 ETH before being transferred to a separate wallet. The company also announced that it owns kpmgca.eth, the Ethereum Name Service (ENS) domain used to make wallet addresses easier to use. The move comes after the firm announced in early February that it had added Ether (ETH) and Bitcoin (BTC) to its balance sheet.
KPMG Canada adds crypto to its balance sheet
The consulting giant said the driving force of the NFT acquisition is to better inform how it advises clients looking to enter the space. Benjie Thomas, managing partner of KPMG Canada, said in a press release:
NFTs unlock a new channel for organizations to interact with their customers, while also providing the foundation for innovation through the secure digitization of assets. Now that we’ve gone through the process, we’re in a good position to guide our clients in creating a corporate NFT strategy, including the acquisition and protection of NFTs.
World of Women has seen a meteoric rise to the top of the NFT charts since its launch in November, with a base price of 8.5 ETH (roughly $24,000) on its secondary marketplace OpenSea. took it out. The project benefited greatly from the promotion of actress Reese Witherspoon, whom media company Hello Sunshine partnered with the project in February. KPMG isn’t the first corporate giant to fake its splashy NFT acquisitions. Last year, Visa made headlines by purchasing a CryptoPunk NFT for $150,000. The base of the CryptoPunks collection is currently $193,000.
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