Kodakcoin cryptocurrency

Play Now! Kodak hopes the coin will curb the use of unlicensed images and allow artists to receive the payment they deserve for their work. Other projects, such as Stream Token , have attempted to address the shortcomings artists and entertainers face economically, but KodakCoin is the first blockchain project designed specifically for photographers. The companies have already ordered mining rigs, with more expected to arrive in the coming weeks.

The rigs will use as much power as if a hairdryer were left on twenty-four hours a day, costing the company about four cents per kilowatt per hour. Halston Mikali, a spokesperson for Spotlite, also hinted at using the rigs to mine for other cryptocurrencies if Bitcoin falters, stating: Bitcoin may very well be a bubble, but the blockchain trade is just not a bubble. The company faced bankruptcy just years ago as a result of the digital age but has found its footing thanks to the same reason.

If the idea is a success it presents exciting possibilities for other creative fields, such as music. For more information and to sign up for product updates, please visit www. About Kodak Kodak is a technology company focused on imaging. We provide — directly and through partnerships with other innovative companies — hardware, software, consumables and services to customers in graphic arts, commercial print, publishing, packaging, entertainment and commercial films, and consumer products markets.

For additional information on Kodak, visit us at kodak. WENN Digital is an experienced development and operations team with deep expertise in proprietary blockchain development, big data, copyright law, AI-enabled image recognition and post licensing monetization systems.

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