Kodak’s Token Offering Targeting $50M to Begin on May 21

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The Eastman Kodak Co. will conduct a token sale for its long-awaited KODAKCoin beginning May 21. The sale will target accredited investors and aims to raise $50 million for the development of a blockchain platform. The New York-based company has already held a presale in which it raised $10 million from investors. The KODAKCoin will be the native digital asset for KODAKOne, a blockchain platform that aims to empower photographers by giving them greater control over image rights management. KODAKOne was developed by Wenn Digital, a Venice, California-based company in which Kodak has a minority ownership. Complying With Regulations Kodak’s ICO, which had been

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