Japan’s leading 3D-printed housing firm, Lib Work Co., has taken a significant leap into the blockchain space by adopting Bitcoin as a treasury asset and utilizing NFTs to tokenize house designs.
Following a recent board meeting, Lib Work announced plans to invest approximately 500 million Japanese yen (about $3.3 million) in Bitcoin. This move serves as a hedge against Japan’s inflationary trends and mitigates risks associated with holding only cash assets.
The company outlined a phased acquisition strategy, aiming to incrementally purchase Bitcoin via cryptocurrency exchanges from September through December. Concurrently, Lib Work is implementing a robust risk management framework to support this venture.
Currently, with Bitcoin valued at roughly $115,377, Lib Work’s investment could secure nearly 28 Bitcoins. This acquisition would place them as the 105th largest holder on the global Bitcoin treasury leaderboard, surpassing French payment provider BD Multimedia.
Just a month prior, Lib Work pioneered an NFT-backed initiative where house blueprints are secured on the blockchain. This initiative leverages NFTs to act as certificates of ownership and intellectual property protection linked directly to physical 3D-printed houses.
The NFT records critical information such as the property’s ID, history, and ownership details on a blockchain network, ensuring exclusivity of design rights and preventing unauthorized duplication of blueprints.
Acknowledging the significance of digital designs in 3D printed home construction, Lib Work emphasizes the necessity of safeguarding these digital assets and managing their licenses effectively. Currently, blockchain and NFT technologies are expanding their reach beyond traditional applications in art and music into real estate and intellectual property management.
Phased Bitcoin Acquisition Plan
Lib Work intends to strategically spread Bitcoin purchases over several months while strengthening its systems to manage associated risks. This measured approach underscores its preparation for growth and collaboration with international partners.
Addressing Construction Challenges with NFTs
Facing common industry challenges like labor shortages and rising material costs, Lib Work proposes that 3D printing and asset digitalization via NFTs can effectively reduce labor, save time, cut expenses, and open up new avenues in both physical and virtual housing markets.
The company envisions the creation of innovative housing distribution models globally, enhancing its brand value and expanding market reach through NFT technology.
By integrating NFTs for 3D-printed houses, Lib Work aims to revolutionize housing distribution mechanisms for investors and end-users worldwide.
Founded in 1997 and rebranded in 2018 to focus on 3D-printed homes, Lib Work primarily offers detached houses and real estate assets through online platforms and virtual reality experiences.
