Global Blockchain Leads $2M USD Investment in KodakCoin ICO Pre-Salebr>
Global Blockchain Technologies Corp., is leading the investment in Kodak’s initial coin offering (ICO) pre-sale with a contribution of $2 million.
Earlier this week, photography giant Kodak announced its partnership with WENN Digital to create the KodakOne platform and KodakCoin, the token that will drive the platform. KodakOne is an encrypted, digital ledger of rights ownership for photographers to register both new and archive work that they can then license within the platform. The platform will use “web-crawling” technology to detect unlicensed use of images in the KodakOne blockchain and ensure that photographers are appropriately rewarded.
In a statement, Global Blockchain said it has subscribed for all eight million KodakCoins that were available in the pre-ICO Stage I.
“Global Blockchain is excited to join the KodaKCoin ICO as its lead investor,” said Shidan Gouran, President of Global Blockchain. “This groundbreaking endeavor addresses a pressing need to manage and monetize digital assets globally.
Global Blockchain is an investment management company that was set up to allow retail investors to take a position in the bitcoin and blockchain sector without having to buy bitcoin or another cryptocurrency directly. The company takes positions in companies in the sector and then offers its shares as publicly traded to retail investors.
The KodakCoin public ICO will begin on January 31, and is open to accredited investors from the US, Canada and other countries.