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KPMG wants to build a multimillion dollar Metaverse business by 2025; hires new head for its metaverse division

By Om Labde19 November 2022, 12:52 PM
KPMG wants to build a multimillion dollar Metaverse business by 2025; hires new head for its metaverse division

Numerous significant organizations are becoming interested in the metaverse and are investigating the potential applications of this technology to provide services. 

Now, a new head of metaverse futures has been hired by KPMG, one of the largest auditing firms, with the goal of introducing new business models based on bitcoin and metaverse technology. 

Alyse Sue, who has a background in software engineering and has already contributed to the founding of two Web3-related startups—Transhuman Coin and Futrdao—will fill the new post. Sue will be in charge of expanding this new department within the business and researching client needs and ideas for the metaverse.

In Sue’s opinion, the need for this kind of service is only beginning, and organizations are still exploring how to use these technologies in their operations. According to her, companies are searching for subject matter experts to advise them on how to use the metaverse to find new use cases or revenue sources for their company as well as how to connect with new target consumers. 

Sue is the first director of metaverse futures, although the organisation has a general concept of the responsibilities Sue will supervise. James Mabbott, head of KPMG’s futures, claims that the company has been receiving a “ever-increasing number of inquiries” regarding its clients’ use of Web3 and metaverse technologies, and anticipates that new business models may result from these contacts. 

KPMG is bullish about the future of metaverse technology and the potential money it could generate by providing these services down the road. Sue added that her goal is to grow KPMG’s business into a multi-million dollar one by 2025.

A number of companies including DBS, Mastercard, JP Morgan, Renault, etc. have set up their shops in the Metaverse. Metaverse is expected to be worth $13 trillion globally, as per recent research.

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