KPMG Enters In The Metaverse and Other Web3 Bets By Spending $30M On Employees Training

KPMG Enters In The Metaverse and Other Web3 Bets By Spending $30M On Employees Training

KPMG, one of the Big Four accounting firms in the US, is the latest to enter into the metaverse space. KPMG in the US and Canada have together opened the first KPMG metaverse collaboration hub. This comes as an effort from both firms to help their employees and clients pursue Web3 opportunities.

The company is making a collective $30 million investment this year in Web3 experiences, with the metaverse hub as the “signature piece.”

According to a Tuesday report by Fortune, the hub will be focused on education, collaboration, training, events and workshops with Cliff Justice, KPMG U.S. leader of enterprise innovation claiming that it is presently being utilized for such things but that KPMG intends to hire people to build it and expand it over time.

The long-term objective for the company is to examine other potential metaverse use cases such as health care, consumer, retail, media and financial services.

Laura Newinski, deputy chair and chief operating officer at KPMG in the U.S., said:

“The metaverse is a market opportunity, a way to re-engage talent, and a path to connect people across the globe through a new collaborative experience.”

The companies will continue to explore possibilities in the crypto and Web 3.0 space, co-create new tools and solutions that provide critical insights, launch immersive learning and development platforms, recruit talent to contribute knowledge and help navigate the changing confluence of the physical and digital worlds, among other things, as part of its innovation strategy.

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