KPMG in Canada buys World of Women NFTs

KPMG in Canada, an audit, tax, advisory and other professional services firm, announced Monday that it purchased non-fungible tokens (NFTs) as part of its ‘corporate strategy.’

The firm purchased digital assets from the World of Women (WoW) collection, an NFT project of 10,000 generatively created images of women with a floor price of around $24,000, as of publication.

“This acquisition reflects our belief not only in the continued growth of NFTs, but in the value of WoW and its mission. 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,” says Benjie Thomas, Managing Partner of Advisory Services at KPMG in Canada in a statement.

KPMG in Canada’s purchase of the World of Women NFTs three weeks after the firm added Bitcoin and Ethereum to its corporate treasury, The Block reported. As Thomas said previously, “institutional adoption of cryptoassets and blockchain technology will continue to grow and become a regular part of the asset mix.”

About Author

MK Manoylov is a reporter for The Block covering NFTs, blockchain-based gaming and cybercrime. MK holds a graduate degree from New York University's Science, Health, and Environmental Reporting Program (SHERP).