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Lib Work Bets on Bitcoin After Launching NFT House Designs
Key Takeaways
- Lib Work will invest around $3.3 million in Bitcoin from September to December, supported by a new risk management system;
- The firm launched an NFT tied to its Lib Earth House Model B, recording ID, ownership, and history on blockchain.
- Lib Work aims to secure its digital blueprints and expand housing sales into global blockchain markets.
Lib Work Co., a Japanese company that builds 3D-printed houses, is combining digital design with blockchain tools and cryptocurrency.
The firm first introduced a non-fungible token (NFT) project on July 25 to safeguard its home designs, and it has decided to place part of its reserves into Bitcoin
The company confirmed after a recent board meeting that it will purchase 500 million yen (about $3.3 million) worth of Bitcoin.
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Lib Work noted that the plan will be carried out gradually, with Bitcoin purchases scheduled from September through December. A new risk management system will also be set up to guide the process.
The decision follows the launch of an NFT version of its Lib Earth House Model B. The token is linked to the actual house and records its identity, history, and ownership details on the blockchain.
This helps buyers prove their ownership rights and prevents others from copying the design. Since the company’s business depends on digital blueprints, it said that protecting these files is a critical part of its operations.
Lib Work also pointed out that NFTs and blockchain technology are spreading beyond their early use in art and music. By issuing house models as NFTs, the company aims to create new systems for buying and selling homes that extend beyond Japan and connect to global markets.
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