Kodak’s Baffling ICO Plans to Raise $176 Million from Accredited Investors
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Kodak’s Baffling ICO Plans to Raise $176 Million from Accredited Investors
Popular photography company Eastman Kodak Co. is planning to raise up to $176.5 million upon launching its own blockchain platform KODAKOne along with a photo-centric cryptocurrency known as KodakCoin.
The latest update was revealed through an amended filing submitted to the U.S. Securities and Exchange Commission by Kodak’s partner WENN Digital, a photo agency that offers paparazzi images.
The KodakCoin ICO was initially planned to take place in early January, in partnership with WENN Digital, but its launch was delayed for several weeks. KodakCoin developers delayed the much-anticipated ICO after revealing that only accredited investors, with an individual net ... (read more)
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