KodakCoin goes charging into crypto markets to support art and photography as a new digital token!
The 20th-century film and camera giant Kodak announced this week that it will be rolling out a blockchain of rights-ownership that photographers, and other artists, at all levels can use to certify and license their work.
The first of two private Pre-ICO sales, being offered by WENN digital, wrapped up last week; the second began yesterday, January 10th. Later this month on the 31st, the final ICO for KodakCoin is set to be offered publicly to crypto investors. Interest is anticipated to be high following a nearly 400% increase in the price of Kodak's stock, swiftly moving it from $3 to nearly $11.
The story's not over yet, Kodak had another surprise in store, a new Bitcoin mining service: KashMiner.
Customers will be able to rent Kodak's mining power that uses electricity generated by its own power plant in Rochester, NY. Sounds well enough, but many are crying foul. Long time crypto traders are running the numbers and finding that Kodak is overselling the idea, and the mining contracts won't be profitable.
With Kodak's entry, we can certainly conclude that a number of unexpected players will be jumping into the crypto space with interesting results. Kodak is not the first, and certainly won't be the last. Both their mining service, as well as their ICO may have merit; but only time will tell how KodakCoin & KashMiner unfold for investors, artists, and photographers who decide to use it long term.
Will you be buying any KodakCoin at the ICO?
Will Kodak stick around in a fast changing crypto market?
Leave your answers in the comments below.
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