Pass it forward

Kodakcoin is a stuff now because of course it is 😉

Image: Steve Meddle/ REX/ Shutterstock

Kodak only became the most recent firm to jump on the cryptocurrency bandwagon. Like recent random enterprises that have espoused blockchain technology, such as Rich Cigars and Long Island Iced Tea, it’s insured its inventory rocket.

The photography company, which went bankrupt a few years back after dragging its ends amid the digital revolt, announced KODAKCoin and an accompanying KODAKOne platform Tuesday: a “photo-centric cryptocurrency to entitle photographers and agencies to make greater domination in likeness liberties management.”

While photographers have long struggled to get what they deserve for their portraits, the use of blockchain tech to “create an encrypted digital ledger of rights ownership” might seem a bit unnecessary. That is, until you take a look at Kodak’s share price following the announcement. The stock was up 117 percent last epoch we checked.

Image: google

“For numerous in the tech manufacture,’ blockchain’ and’ cryptocurrency’ are sizzling buzzwords, but for photographers who’ve long struggled to argue mastery over their work and how it’s used, these buzzwords are the keys to solving what felt like an unsolvable trouble, ” Kodak CEO Jeff Clarke said.

Riiight.

The initial silver render opens on Jan. 31 to investors in the U.S ., UK, Canada and adopted non-eu countries. Epoch to reinvest some of that Dogecoin?