Lib Work Co., a Japanese 3D-printed housing firm, has announced plans to purchase 500 million Japanese yen ($3.3 million) worth of Bitcoin as a corporate treasury asset, marking its entry into the cryptocurrency space. This decision follows the launch of an initiative that uses NFTs to tokenize the designs of 3D-printed houses. The company's buying strategy involves a phased acquisition of Bitcoin starting in September and continuing until December. The rationale behind this move is to mitigate inflationary risks in Japan and to diversify away from cash holdings. Just a month prior, Lib Work launched a project to protect house designs using NFTs, aiming to ensure exclusive rights and manage design licenses. The firm believes that integrating blockchain technology into housing construction could address current industry challenges, such as labor shortages and rising material costs, ultimately promoting new distribution mechanisms and expanding into new markets for 3D-printed homes.

Source đź”—