Bitcoin News Today: "3D Housing Pioneer Bets on Bitcoin and NFTs to Future-Proof Construction"

Japanese 3D printing construction firm Lib Work has announced plans to allocate $3.3 million to purchase Bitcoin as a hedge against inflationary trends and to diversify its corporate treasury. The company, which specializes in 3D printed homes, stated that it will implement a phased acquisition strategy, beginning in September and concluding in December, using crypto exchanges for the purchases [1]. At current prices, where one Bitcoin is valued at approximately $115,377, the firm could acquire roughly 28 BTC with its allocated funds [1]. Lib Work emphasized the importance of this initiative in mitigating risks associated with holding assets solely in cash, particularly in light of Japan’s macroeconomic environment.

This move follows a broader initiative launched by Lib Work in July, which integrated blockchain technology with its 3D printing operations. The firm issued its first house design as an NFT—specifically, the Lib Earth House Model B—allowing for secure storage of design data and intellectual property rights on the blockchain. The NFT serves as both a digital certificate of ownership and a tool for preventing unauthorized reproduction of blueprints, a critical feature given the digital nature of 3D printed housing [1]. The company cited the expanding use of blockchain in real estate and intellectual property sectors as a key driver behind the integration.

The adoption of Bitcoin and NFTs aligns with Lib Work’s broader strategy to leverage emerging technologies in the construction industry, which faces challenges such as labor shortages and rising material costs. By adopting 3D printing and digital asset strategies, the company aims to streamline construction processes, reduce costs, and open new international markets for housing in the Web3 and metaverse eras [1]. The firm also highlighted the potential for NFTs to facilitate new distribution mechanisms for investors and users, thereby enhancing its global brand presence.

Lib Work, founded on August 1, 1997, and rebranded in April 2018, primarily operates in the housing and real estate sectors using internet and virtual reality technologies. The company’s recent strategic shifts reflect its ambition to position itself at the intersection of construction innovation and digital finance. The decision to hold Bitcoin is framed not only as a defensive strategy against inflation but also as an investment in future financial tools that align with the company’s long-term growth objectives [1].

The integration of Bitcoin into corporate treasuries is not unique to Lib Work. The cryptocurrency has increasingly been considered as a digital store of value, with its fixed supply of 21 million coins making it a deflationary asset. Proponents argue that its scarcity and decentralized nature offer advantages over traditional fiat currencies in times of high inflation. However, Bitcoin’s volatility remains a challenge, with historical price swings exceeding 50% on multiple occasions. Despite this, companies like Lib Work continue to explore its potential as part of a diversified asset portfolio [3].

Source:

[1] 3D-printed housing company adopts Bitcoin, NFTs ... (https://cointelegraph.com/news/lib-work-japan-bitcoin-nft-3d-printed-housing)

[3] Which Cryptocurrency Is the Best Inflation Hedge? (https://www.aol.com/bitcoin-vs-ethereum-cryptocurrency-best-125000277.html)