Kodak’s Cryptocurrency Is Already Being Presold

The company licensed by Kodak to use its name in conjunction with a new cryptocurrency has already begun pre-selling it ahead of a public initial coin offering (ICO).

Vancouver-based Global Blockchain Technologies Corp. announced today that it is investing $2 million in KodakCoin, the initiative announced yesterday by Kodak and WENN Digital, which is licensing the former’s branding. WENN Digital, which is developing the digital media rights platform that was unveiled yesterday, is managing the sale of the tokens.

“The Company has subscribed for all 8 million Kodak Coins that were available in the Pre ICO Stage I. Stage II Pre ICO opens tomorrow January 10th,” the firm said in a press release. “The Coins are being offered by WENN Digital, in conjunction with its licensing partnership with Eastman Kodak.”

Kodak said yesterday that the public sale of its cryptocurrency, which will be open to accredited investors (including those in the U.S.), is set to begin on Jan. 31…

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