3D-printed housing company adopts Bitcoin, NFTs in blockchain pivot

Japan-based 3D printed housing firm Lib Work Co. announced plans to buy 500 million Japanese yen (about $3.3 million) of Bitcoin for its corporate treasury as a hedge against inflation and the risks of holding only cash. The purchases are set to run in a series from September to December, with the company also establishing a risk management system. The move follows Lib Work's July launch of an NFT-based initiative, which issued its Lib Earth House Model B design as an NFT to protect intellectual property and serve as an ownership certificate tied to the physical home.