Earlier this week, camera company Kodak released word that there would be an ICO for a photographer centered cryptocurrency named KodakCoin. Kodak's idea with this coin is to provide a secure way for people to buy and pay for photography through the blockchain without forcing photographers to constantly worry about non-paying customers using their work for free.
While it still waits to be seen if this new coin will be valuable or effective, apparently investors are more confident in the viability of a blockchain photography system than they were in others such as Long Island Iced Tea. Regardless of its feasibility, shares of Kodak are up more than 120% from $3 a week ago to the mid $11 now. Even if the coin ends up being a flop, the increased publicity and hype surrounding it can only be a good thing for a camera maker passed its day in the sun.
What do you think about KodakCoin? Let me know down below, and be sure to follow along for more news and updates every day!