FEATURED: Kodak Enters the Crypto Space with own Currency & Bitcoin Mining Services - Stock Soars
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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The real shock here is that Kodak is still a company at all :D:D:D hahahha
Lol, That's the good part about it IMO
Yeah absolutely! I am thrilled! Everyone loves to root for the under dog :P
They've been bankrupt a couple times. Unlike Radioshack which is actually relevant. They're just trying to shore up some quick kash (pun)
It's pretty ingenius if you think about. They're selling (cough leasing cough) 14 TH/s miners for half what Antminer S9 goes for. To top it off, they collect half of everything you make. You get to barely break even, but they made some quick dough.
I love photography!
This can't possible go poorly :P
This post wow,dear ..I will waite your nwxt post
I want to get this coin! I dont know if I would rent mining stuff though I would probably build it myself it I was going to to that but there could be a market for it,
I will not be buying any KodakCoin, but I look forward to seeing how this blockchain of rights-ownership works out :)
Thanks for the post, and your support! Much appreciated :)