Global Blockchain Technologies Corp, a company that provides investors with access to a basket of holdings within the blockchain space, has announced that it is the lead investor, with a $2 million USD investment, in the Kodak Coin Initial Coin Offering (ICO). The company has subscribed for all eight million Kodak Coins that were available in the pre-ICO Stage I. Kodak is the first major NYSE-listed corporation that will take part in creating and implementing a cryptocurrency.
The KodakOne Image Rights Management Platform and Kodak Coin will offer photographers a new revenue stream and secure platform for protecting their work. Using blockchain technology, the KodakOne platform will create an encrypted, digital ledger of rights ownership for photographers to register both new and archive work that they can then license within the platform. With Kodak-branded cryptocurrency, participating photographers are able to take part in a new economy for photography, receive payment for licensing their work immediately upon sale, receive a share of overall platform revenue, and for both professional and amateur photographers, sell their work confidently on a secure blockchain platform.
Shidan Gouran, President of Global Blockchain Technologies Corp., said: “Global Blockchain Technology Corp. is excited to join the Kodan Coin ICO as its lead investor. This groundbreaking endeavor addresses a pressing need to manage and monetize digital assets globally. By tapping into a significant marketplace and establishing relationships with top-tier technology partners, Kodak Coin allows Global Blockchain the opportunity to join what will become a very large and active community.”
Jan Denecke, CEO of WENN Digital and Co-Founder and Developer of the KodakOne Image Rights Platform and the Kodak Coin, said: “We are pleased and excited to have Global Blockchain Technology Corp., a cryptocurrency pioneer and a visionary in the ICO revolution, as our lead investor in this historic ICO. They are an experienced group of investors who have a deep understanding of the crypto markets.”
The ICO will open on January 31, 2018, and is open to accredited investors from the U.S., the U.K., and Canada. The ICO is issued under SEC guidelines as a security token under Regulation 506 (c) as an exempt offering.
