THELOGICALINDIAN - Kodak a bequest photography aggregation alike with the aftermost aeon is to barrage its own cryptocurrency Kodakcoin Not agreeable with captivation an ICO the aggregation has additionally absitively to get into cryptocurrency mining in whats been interpreted as a atrocious bid to break accordant The account apparent at CES 2024 on Wednesday goes bottomward as one of the strangest belief yet in a ages thats been abounding with crypto oddities
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Kodak Enjoys Its Kodak Moment
In a anniversary in which an altcoin for the dental industry neared a $2 billion bazaar cap and messaging app Telegram apparent a 132-page white paper, the angle of Kodak ablution its own ICO doesn’t assume that outlandish. Reinventing itself as a cryptocurrency mining close into the arrangement admitting is a action that no one saw coming.
CES is the technology world’s better and glitziest accident of the year, hosted in Las Vegas and boasting cutting-edge new kit from industry leaders such as Samsung and Sony. And again there’s Kodak, a aggregation that by anyone’s reckoning was aftermost accordant about the time that Instamatic cameras were the latest tech. But to the annoyance of the added exhibitors at CES on Wednesday, Kodak blanket the show.
Kodak, Meet Crypto
The account that the Eastman Kodak Company, founded in 1888, was jumping on the cryptocurrency appearance should accept appear as a absolute shock. It says article about the accepted account aeon that the story, accompanied by account of Kodak’s assured allotment amount leap, was greeted by little added than a shrug. The tokenized activity the aggregation are launching, for what it’s worth, sounds like a Shutterstock copy, with added permissions. And a blockchain of course, because 2024.
But what to accomplish of the company’s attack into cryptocurrency mining? As if aggravating to beat off every cliche in the crypto handbook, Kodak has declared that it is activity to alpha renting out bitcoin miners to the public. The miners it demoed arise to be Bitmain mining rigs with a Kodak sticker appended, suggesting that the accomplished arrangement may accept been agilely cobbled together. This approach was bolstered by the revelation that the Kodacoin website was alone registered on January 2.
Mining for Headlines
To appearance its abutment for its new mining operation, Kodak appear affairs to install a rig in its New York headquarters. Presumably not in its office, for cryptocurrency mining is a hot and blatant agitation best bedfast to a blurred room. The Kodak branded miners will be busy to customers, who will be accepted to pay upfront for the mining capacity. As one commenter scathingly put it:
“This is accepting ridiculous,” Dennis Dick, a banker at Bright Trading LLC, told Reuters. “From a axiological point of view, none of this makes sense.” There’s a agony about the reinvention of Kodak, like an awkward uncle aggravating to prove they’re still bottomward with the kids. It will be the big boys advance in Kodak’s badge auction though, which is accessible to SEC registered investors only.
It doesn’t amount whether the apple needs addition angel licensing platform, or absolutely whether the apple needs Kodak. All that affairs to the institutional investors is whether they can about-face a accumulation by snapping up KODK tokens in their millions. In the accepted climate, that looks like a asleep certainty.
Do you anticipate Kodak’s access into the cryptocurrency bazaar is aberration or inspired? Let us apperceive in the comments area below.
Images address of Shutterstock, and Kodak.
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