KPMG Canada makes NFT purchase 

• NFTs have been labeled as a scam or Ponzi scheme 
• They are now well-positioned to guide our clients around building a corporate NFT strategy
• KPMG also revealed it owns kpmgca.eth, the Ethereum Name Service

The Canadian part of KPMG has bought a non-fungible token (NFT) from the World of Women assortment, denoting the worldwide bookkeeping company’s introduction to computerized collectibles, the organization declared Monday.

The NFT, Woman #2681, was bought on Feb. 13 for 25 ETH prior to being moved to a different wallet, a representative told CoinDesk by means of email. 

The organization likewise uncovered it claims kpmgca.eth, the Ethereum Name Service (ENS) area name implied for making wallet addresses simpler to utilize.

The project has been heavily promoted by Reese Witherspoon

The move follows the company’s declaration that it had added ether (ETH) and bitcoin (BTC) to its asset report prior in February.

The counseling monster said the driving force of the NFT buy was to all the more likely illuminate how it prompted clients seeming to enter the space.

NFTs open another channel for associations to draw in with their clients, while likewise supporting advancement through the solid digitization of resources, Benjie Thomas, overseeing accomplice at KPMG in Canada, said in a public statement. 

Having now gone through the cycle, we are very much situated to direct our clients around building a corporate NFT methodology, including obtaining and defending NFTs.

Universe of Women has seen a transient ascent to the highest point of the NFT diagrams since its send off in November, promoting an 8.5 ETH (generally $24,000) floor cost on optional commercial center OpenSea.

The venture has benefited vigorously from advancement by entertainer Reese Witherspoon, whose media organization Hello Sunshine banded together with the task in February.

ALSO READ: Russian Financiers Could Turn To Crypto To Sidestep the US, European Sanctions

About KPMG

KPMG isn’t the primary corporate monster to primate into sensational NFT buys. Last year, Visa stood out as truly newsworthy by purchasing a CryptoPunk NFT for $150,000. The floor for the CryptoPunks assortment presently sits at $193,000.

KPMG International Limited (or just KPMG) is a British-Dutch global expert administrations organization, and one of the Big Four bookkeeping associations.

Settled in Amstelveen, Netherlands, albeit joined in the United Kingdom, KPMG is an organization of firms in 145 nations, with north of 236,000 representatives and has three lines of administrations: monetary review, charge, and advisory.

 Its expense and warning administrations are additionally separated into different assistance gatherings. Throughout the most recent ten years different pieces of the association’s worldwide organization of members have been engaged with administrative activities as well as claims.

Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.

Latest posts by Nancy J. Allen (see all)