📈Kodak announces ICO, stock jumps 44%.
Kodak is today announcing a partnership with Wenn Digital to create a “photo-centric cryptocurrency” that will “empower photographers and agencies to take greater control in image rights management.” Because why not. It’s 2018.
The company’s stock jumped 44 percent on the news and is currently trading at $4.30, up 37.60 on the day.
Utilizing blockchain technology, the KODAKOne platform will create an encrypted, digital ledger of rights ownership for photographers to register both new and archive work that they can then license within the platform. With KODAKCoin, participating photographers are invited to take part in a new economy for photography, receive payment for licensing their work immediately upon sale, and for both professional and amateur photographers, sell their work confidently on a secure blockchain platform.
TechCrunch
https://techcrunch.com/2018/01/09/kodak-announces-ico-stock-jumps-44/?ncid=rss
Kodak Joins Cryptocurrency Craze with ‘KODAKCoin’, Stock Surges
https://petapixel.com/2018/01/09/kodak-joins-concurrency-craze-kodakcoin-stock-surges/
Kodak Is Launching a Cryptocurrency for Photographers – CoinDesk
https://www.coindesk.com/kodak-launching-cryptocurrency-photographers/