KPMG in Canada, global professional financial services provider has purchased collections in the World of Women (WoW) Non-Fungible Token (NFT). As unveiled by the firm in its published announcement, this purchase is its first thrust into the digital collectibles sphere as it continues to grow out its capabilities in the digital currency ecosystem.
While the value of the investment remains unknown, the positive impact of the purchase appears very promising.
The Managing Partner, Advisory Services of KPMG Canada, Thomas Benjie says NFTs;
“Unlock a new channel for organizations” to attract their customers while ensuring that innovations are ascertained through the virtualization of assets. Adding that, this investment not only reflect the faith of the firm in digital tokens, but also in the mission of WOW and the values it holds dear. Further pointing that, “Having now gone through the process, we are well-positioned to guide our clients around building a corporate NFT strategy, including, acquiring, and safeguarding NFTs.”
Non-Fungible Tokens are a unique specie of virtual properties that allows for ownership of real-world assets, with their representation cutting across real estate, art, games and music. The underlying blockchain infrastructure houses all the ownerships of the digital token.
The World of Women NFT on the other side is an art collection that celebrates the representation, inclusivity and equal opportunities for all, most especially women and preaches equality for both genders. The WoW NFT collection exhibits a first edition of 10,000 artworks of various women, inspired and powerful females on the blockchain.
The project have a goal of encouraging females into making the most of their skills in the crypto ecosystem through charity donations.
This NFT investment by KPMG in Canada, will give lots of women in the country the opportunity to hone their art skills, as well as enable them to generate income through their artworks.
Earlier in February, KPMG in Canada announced that it has invested some of its funds in Bitcoin (BTC) and Ethereum (ETH), adding that the corporate firm also keep track of these acquisitions in their balance sheet as required by the SEC (Securities and Exchange Commission). The firm had also expressed its interest in diving into NFTs and Decentralized Finance (DeFi), a plan that has started unfolding with the purchase of the WoW’s digital collectibles.