The printed 3D printed housing firm Lib Work Co has become the latest non-crypto native firm to buy Bitcoin for its corporate treasury, just coming a month after launching an initiative using invisible tokens to store home designs.
In a statement on Monday following its board meeting, libwork announced Plans to buy 500 million Japanese yen ($ 3.3 million) worth of bitcoin (Btc) as a fence against “inflationary trends” in Japan and the dangers of “handling possessions only in cash.”
“Therefore, our company decided to adopt a phased approach to acquiring and handling, in response to these risks and prepare for future growth areas with overseas operators,” the company said.
Three months of Bitcoin’s purchase
Buy the libwork to a series of purchases from Crypto exchange Starting in September and continuing until December, while also establishing a risk management system.
At current prices, a bitcoin is worth it $ 115,377, means the company can buy almost 28 for $ 3.3 million.
It just came one month after the firm an launched Nft-back 3D Housing Initiative Print to Store BluePrints on Blockchain and Use Bitcoin as a form of payment.
The first nft house blueprint is live
Libwork Says In a July 25 statement that one of its home designs, a lib Earth House Model B, was issued as an NFT and aimed at protecting intellectual possession and acting as a certificate of prejudice linked to the physical home.
NFT can store ID, history, and home -owned Blockchain information To ensure that consumers hold exclusive design rights and prevent unauthorized blueprint plagiarism.
“Because 3D -based houses are based on digital designs, protecting the rights to these files of design and managing their licenses is important,” said Lib Work Co.
“Currently, blockchain and NFT technology are expanding beyond the art and music industries in the real estate and intellectual sectors.”
https://www.youtube.com/watch?v=SGGJFPEQL_8
NFT blueprints can help resolve building challenges
In recent years, the construction industry has faced labor deficiencies and increased material costs, which, according to libwork, shows “limits of traditional construction methods.”
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However, the company said 3D construction methods of printing and digitalization can help resolve some of these challenges by reducing labor, time, cost and “creating new international housing markets for metaveverse and web3 era.”
“By creating NFTs for 3D -printed homes, LIB work will build new housing distribution mechanisms for investors and users around the world, actively promoting the international value and expansion of new markets.”
The Lib Work CO was established on August 1, 1997. The company changed its name in April 2018 and dedicated to the formation of 3D -printed homes.
It is primarily selling separate homes, homes, and real estates using Internet and Virtual Reality, According to In its company profile.
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