The 3D printed housing company based in Japan Lib Work Co has become the last non -crypto indigenous company to buy bitcoin for its corporate treasure, coming only one month after the launch of an initiative that uses non -fastible tokens to store home conceptions.
In a statement on Monday after its meeting of the board of directors, Libwork announced its intention to buy 500 million Japanese yen ($ 3.3 million) of Bitcoin (BTC) as coverage against “inflationary trends” in Japan and the risks of “holding assets only in cash”.
“Consequently, our company has decided to adopt a progressive approach to acquisition and detention, in response to these risks and to prepare for future growth areas with foreign operators,” said the company.
Three -month purchase bitcoin
Libwork will buy Bitcoin in a series of purchases from Crypto exchanges from September and will continue until December, while establishing a risk management system.
At current prices, Bitcoin is worth $ 115,377, which means that the company could buy around $ 3.3 million.
It only comes only month after the launch of a 3D printed housing initiative supported by NFT to store plans on the blockchain and use Bitcoin as a payment method.
First nft house plan has become online
LibWork said in a July 25 declaration that one of his house designs, a Lib Earth House Model B, had been published in NFT and aims to protect intellectual property and act as a certificate of property linked to the physical house.
The NFT can store information on the ID, the history and property of the house on the blockchain to ensure that buyers have exclusive design rights and prevent plagiarism of the unauthorized plan.
“Because 3D printed houses are based on digital conceptions, the protection of rights on these design files and the management of their licenses is essential,” said Lib Work Co.
“Currently, blockchain technology and NFT are developing beyond the art and music industries in real estate and intellectual property sectors.”
https://www.youtube.com/watch?v=SGGJFPEQL_8
NFT BluePrints could help resolve construction challenges
In recent years, the construction industry has been faced with labor shortages and the outbreak of material costs, which, according to Libwork, show the “limits of traditional construction methods”.
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However, the company said that 3D printing construction methods and the asset digitization could help resolve some of these challenges by reducing labor, time, costs and “creation of new international housing markets for the Metaverse and Web3 era”.
“By creating NFT for 3D printed houses, Lib work will create new housing distribution mechanisms for investors and users around the world, actively promoting the brand’s international value and expansion in new markets.”
Lib Work Co. was founded on August 1, 1997. The company changed its name in April 2018 and focused on building 3D printed houses.
He mainly sells detached houses, houses and real estate using the Internet and virtual reality, according to his company profile.
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