KPMG to invest $30 M in Web3 training of employees as it plans to join the Metaverse

KPMG, one of the Big Four accounting firms in Canada and the United States, has publicized the opening of its first metaverse collaboration hub to help its employees and clients seek growth opportunities in the digital era.

KPMG’s plans for Metaverse and Web3 Investment


KPMG is joining the metaverse with a new collaboration hub that will link employees, clients, and many others with Web3. The company is set to make a collective $30 million investment this year in Web3 experiences, with the metaverse hub as the “signature piece.”

According to reports, the hub will be mainly focused on education, collaboration, training, events, and workshops with Cliff Justice, KPMG U.S. leader of enterprise invention claiming that it is currently being used for such things but that KPMG intends to hire people to build it and expand it over time.

The long-term intent for the KPMG company is to examine other probable 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 that “The metaverse is a market opportunity, a way to re-engage talent, and a path to link people across the globe through a new collaborative experience.”

Also check out, Yahoo’s Metaverse-based project in Hongkong

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

The COVID-19 epidemic flared people’s interest in the metaverse. There has been an upsurge in the desire for methods to make internet connections more lifelike as more people work and go to school online. JPMorgan, one of the biggest banks in the United States, made headlines earlier this year by publishing a paper presenting metaverse technology as a “one trillion-dollar opportunity,” along with specifying its own virtual headquarters in the Decentraland (MANA) metaverse.

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