Lib Work Co., a 3D printed housing company based in Japan, has become the latest non-crypton native company to purchase Bitcoin for the Ministry of Corporate Finance.
In a statement Monday following the board, LIB Work announced plans to purchase 500 million yen ($3.3 million) worth of Bitcoin (BTC) as a hedge against Japan’s “inflation trends” and “holding assets only” risk.
“We therefore decided to address these risks and take a step-by-step approach to acquisition and retention, preparing for future growth areas with overseas operators,” the company said.
3 months of Bitcoin purchase
Lib Work will purchase Bitcoin in a series of purchases from the Crypto exchange, which begin in September and continue through December, and, according to its statement, will also establish a risk management system.
At current prices, one Bitcoin is worth around $115,377. This means that the company can buy around 28 for around $3.3 million, reaching 105 on the top list of Bitcoin finance companies, and overtaking French payment provider BD Multimedia.
It’s only a month after Lib Work launched its NFT-backed 3D printed housing initiative to store blueprints on the blockchain and use Bitcoin as a payment method.
The first NFT House Blueprint will be live
Lib Work said in a statement on July 25 that one of the home’s designs, Lib Earth House Model B, was issued as an NFT, aiming to protect intellectual property and act as a certificate of ownership associated with the physical home.
NFTs can store House ID, history and ownership information on their blockchain to help buyers retain exclusive design rights and prevent fraudulent blueprint plagiarism.
“Because 3D Print Houses are based on digital design, it is essential to protect the rights of these design files and manage licenses,” says Lib Work.
“Today, blockchain technology and NFT are expanding beyond the arts and music industries into the real estate and intellectual property sector.”
https://www.youtube.com/watch?v=sggjfpeql_8
NFT Blueprints can help you solve your building challenges
In recent years, the construction industry has faced a labor shortage and rising material costs, indicating “limitations on traditional construction methods,” according to LIB’s work.
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The company said that 3D printing construction methods and asset digitization will help solve some of these challenges by reducing labor, time and costs and reducing “the creation of a new international housing market in the metaverse and Web3 era.”
“By creating NFTs for 3D printed houses, LIB Work will create new housing delivery mechanisms for investors and users around the world, actively promoting international brand value and expansion into new markets.”
LIB Work was established on August 1, 1997. In April 2018, the company changed its name and began focusing on building 3D printed homes.
According to the company’s overview, it mainly uses the internet and virtual reality to sell detached houses and real estate.
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