KPMG to Spend $30M on Web3 and Metaverse Staff Training

• Blockchain Council
• September 07, 2022

To assist its workers and clients in pursuing career options in the digital age, Klynveld Peat Marwick Goerdeler (KPMG), one of the Big Four accountancy firms in Canada and the US, has announced the launch of its first hub for metaverse communication.

KPMG is embracing the metaverse by launching a new collaborative hub that will connect employees, clients, and others using Web3. The company is spending $30 million on Web3 experiences overall this year, with the metaverse hub acting as the “signature element.”

According to a Tuesday Fortune story, the center will be focused on education, cooperation, training, events, and seminars. Although it is currently being used for these purposes, according to Cliff Justice, U.S. chief of enterprise innovation at KPMG, the company intends to engage individuals to construct and gradually extend it.

The long-term objective of the firm is to look at other potential metaverse use cases in sectors including healthcare, consumer goods, retail, media, and financial services.

💰 Global spending in the #metaverse could reach $5 trillion by 2030❗
🛒 #eCommerce and 📢 #VirtualAdvertising are expected to be the main source of income in the space.

What do you think❓

Read the full @McKinsey report on @Cointelegraph 👉 https://t.co/zrakjjxoja pic.twitter.com/yfwDFHyAkw

— THE RELEVANCE HOUSE. (@RelevanceHouse) June 28, 2022

KPMG’s deputy chair and CEO in the United States, Laura Newinski, said:

“The metaverse is a market opportunity, a means of re-engaging talent, and a means of bringing individuals from all over the world together through a new collaborative experience.”

The businesses will continue to investigate opportunities in the crypto and Web 3.0 sectors as part of their innovation strategy. Also, co-creating cutting-edge tools and solutions that provide:

• Critical insights.
• Trying to introduce engaging training and development platforms.
• Hiring talent to contribute expertise.
• Traversing the shifting crossroads of the physical and digital worlds.

Involvement in the metaverse has increased as a result of the COVID-19 pandemic. As more people work and attend school online, there has been a rise in the quest for strategies to make internet communication more lifelike. One of the largest American banks, JPMorgan, made news earlier this year when it published a paper calling metaverse technology a “one trillion-dollar potential” and set up its own virtual headquarters in the Decentraland (MANA) metaverse.

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