World of Women Ethereum NFT and ENS Domain Name Purchased by KPMG Canada

Woman #2681 cost the corporation 25 ETH worth around $70,000, and it was the company's "first entry into this rapidly increasing asset class."


Just weeks after adding Bitcoin and Ethereum to its corporate treasury, the Canadian branch of multinational accounting company KPMG purchased a World of Women (WoW) NFT and an Ethereum Name Service domain name.
KPMG Canada

Just weeks after adding Bitcoin and Ethereum to its corporate treasury, the Canadian branch of multinational accounting company KPMG purchased a World of Women (WoW) NFT and an Ethereum Name Service domain name.


For instance, NFTs are one-of-a-kind blockchain tokens that represent ownership of a certain asset, such as a photograph or a domain name.



So far, KPMG Canada has purchased two NFTs: It coined kpmgca.eth after purchasing World of Women #2681. Woman #2681, who had blue complexion and wavy hair, was paid 25 ETH worth about $70,000.


In a statement, KPMG Partner and National Risk Consulting Leader Nancy Chase stated,


"Women are underrepresented in the realm of all things crypto, which makes us proud to make our first NFT acquisition in a collection that promotes women."

NFTs, according to Kareem Sadek, co-leader of KPMG's Cryptoassets and Blockchain Services, have "many use cases," including marketing, talent recruitment, philanthropy, and interacting with customers.


KPMG Canada not only believes in "the continuous rise of NFTs," but it also wants to assist customers in developing corporate strategies for NFT acquisition and storage.


Sadek told Decrypt that KPMG will look into NFT collections that "match with KPMG in Canada's values and brand, and we will look for new ways to invest in the space and support the right causes" if more NFTs are purchased in the future.