Published On: Sat, May 12th, 2018

Kodak Blockchain Project Targets US$50 Million Raise in Token Offering

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Wenn Digital, the outfit behind KODAKOne has announced that it intends to raise up to US$50 million in a combined public and private token offering. KODAKOne is licensed by Eastman Kodak Co (Kodak), the imaging products and photography company that announced its entry into the cryptocurrency space at the start of 2018. 
Kodak Takes a Step Back to Get a Better Shot
KODAKOne is a blockchain-based system designed to protect the copyright of images or photographs registered on the platform. Kodak has a minority stake in Wenn Digital.
According to reports, the offering is expected to take place on the 21st of May 2018. This date and offering target follow another announcement which was made in January this year for an offering during that month. This was, however, delayed by regulatory issues that included the evaluation of potential investors.
This time, KODAKOne’s coin offering is set to meet legal requirements set by the U.S. Securities and Exchange Commission, through the Simple Agreement for Future Tokens (SAFT). This limits participation in the offering only to accredited investors.
The chairman and co-founder of KODAKOne, Cam Chell, was quoted as having said that the company had …

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