KPMG enters the metaverse, invests $30M in Web3 employee training

Sebastian Parker
Sebastian Parker
Last Updated on June 28, 2022

KPMG, one the Big Four accounting firms in Canada, and the United States has announced the creation of its first metaverse collaboration center to assist its clients and employees in pursuing digital growth opportunities.

KPMG has launched a new collaboration hub to connect clients and employees with Web3. This year, the company will invest $30 million in Web3 experiences. The metaverse hub is the “signature” piece.

Fortune’s Tuesday report states that the hub will focus on education, collaboration and training. Cliff Justice, KPMG U.S. leader in enterprise innovation, stated that the hub is currently being used for these purposes but that KPMG plans to hire people to help build and expand it.

The company’s long-term goal is to explore other possible metaverse use cases, such as financial, media, health care, retail, media, and consumer services.

Laura Newinski is the deputy chair and chief operational officer of KPMG USA.

“The metaverse offers a market opportunity, a means to re-engage talent and a pathway to connect people around the world through a new collaborative experience.”

As part of their innovation strategy, the companies will continue exploring possibilities in the cryptocurrency and Web 3.0 spaces, co-create tools and solutions that provide critical insight, launch immersive learning platforms and development platforms, and recruit talent to share knowledge and help navigate changing confluences of the digital and physical worlds.

Similar: Yahoo launches Metaverse events in Hong Kong for residents who are subject to restrictions

People’s interest was sparked by the COVID-19 crisis. As more people work online and attend school online, there has been an increase of interest in internet contact methods. JPMorgan, the largest bank in the United States, made headlines in early this year by publishing a paper suggesting that metaverse technology was “one trillion-dollar potential.” It also established its own virtual headquarters in Decentraland ( MAA) metaverse.