{"id":4194,"date":"2018-05-11T17:44:18","date_gmt":"2018-05-11T17:44:18","guid":{"rendered":"http:\/\/noti-america.com\/site\/alemania\/?p=4194"},"modified":"2018-05-11T17:47:43","modified_gmt":"2018-05-11T17:47:43","slug":"odak-blockchain-project-seeks-to-raise-50-million-in-token-offering","status":"publish","type":"post","link":"https:\/\/noti-america.com\/site\/principal\/2018\/05\/11\/odak-blockchain-project-seeks-to-raise-50-million-in-token-offering\/","title":{"rendered":"kodak blockchain project seeks to raise $50 million in token offering"},"content":{"rendered":"
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NEW YORK (Reuters) – Wenn Digital, the developer of an image protection blockchain platform licensed by Eastman Kodak Co, said on Thursday it intends to raise up to $50 million (36.99 million pounds) in a combined public and private token offering.<\/p>\n

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Wenn Digital has created the blockchain-based system, called KODAKOne, which seeks to protect the copyright of images or photographs registered on the platform. Kodak has a minority stake in Wenn Digital, according to Wenn.<\/p>\n

U.S. photography pioneer Kodak has been active in developing the blockchain platform with Wenn, and its recent share performance has been strongly tied to the outlook for KODAKOne.<\/p>\n

Kodak shares shot up in early January to as high as $13.25 when it announced its deal with Wenn Digital, falling after the token offering was delayed. The stock closed at $5.45 on Wednesday.<\/p>\n

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\u00a0Blockchain, the system powering cryptocurrencies like bitcoin, is a shared database that is maintained by a network of computers connected to the internet.<\/div>\n<\/div>\n

Wenn\u2019s token will be called KODAKCoin, with the public offering due to take place on May 21. It was initially scheduled for January, but was delayed due to regulatory issues.<\/p>\n

\u201cWe really took a step back and decided that we would ensure that all Ts were crossed and Is dotted before we embark on a public sale,\u201d Cam Chell, chairman and co-founder of KODAKOne, told Reuters in an interview. \u201cWe wanted to make sure that we got it right.\u201d<\/p>\n

Chell said KODAKOne\u2019s coin offering will be legally compliant with the U.S. Securities and Exchange Commission, using an instrument called the Simple Agreement for Future Tokens (SAFT).<\/p>\n

Under a SAFT offering, the token is issued when the blockchain platform is launched, which Chell said was expected to be later this year.<\/p>\n

Analysts said the SAFT structure makes token sales viable because it limits participation to accredited investors. As such, companies issuing SAFTs need not register with the SEC.<\/p>\n

\u00a0It was the same structure used by Filecoin\u2019s offering in August and September last year, which raised approximately $200 million. Filecoin is a decentralized network that aims to facilitate the storage, retrieval, and transmission of data.<\/div>\n

Wenn Digital has already conducted a pre-sale of its SAFT to accredited investors, raising about $10 million. The company\u2019s capital requirement is $20 million, but Chell said demand was greater.<\/p>\n

\u201cI think $50 million is our sweet spot,\u201d Chell said.<\/p>\n

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NEW YORK (Reuters) – Wenn Digital, the developer of an image protection blockchain platform licensed by Eastman Kodak Co, said on Thursday it intends to raise up to $50 million (36.99 million pounds) in...<\/p>\n","protected":false},"author":33,"featured_media":4195,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10219548024599422_1632221337088128":"","twitter_242054905_242054905":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[9],"tags":[],"class_list":["post-4194","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tecnologia"],"acf":[],"yoast_head":"\nkodak blockchain project seeks to raise $50 million in token offering - Noti-America.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/noti-america.com\/site\/principal\/2018\/05\/11\/odak-blockchain-project-seeks-to-raise-50-million-in-token-offering\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"kodak blockchain project seeks to raise $50 million in token offering\" \/>\n<meta property=\"og:description\" content=\"NEW YORK (Reuters) – Wenn Digital, the developer of an image protection blockchain platform licensed by Eastman Kodak Co, said on Thursday it intends to raise up to $50 million (36.99 million pounds) in...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/noti-america.com\/site\/principal\/2018\/05\/11\/odak-blockchain-project-seeks-to-raise-50-million-in-token-offering\/\" \/>\n<meta property=\"og:site_name\" content=\"Noti-America.com\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-11T17:44:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-05-11T17:47:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/noti-america.com\/site\/principal\/wp-content\/uploads\/sites\/26\/2018\/05\/kodak.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"728\" \/>\n\t<meta property=\"og:image:height\" content=\"468\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Escrito por\" \/>\n\t<meta name=\"twitter:data1\" content=\"\" \/>\n\t<meta name=\"twitter:label2\" content=\"Tiempo estimado de lectura\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutos\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/noti-america.com\/site\/principal\/2018\/05\/11\/odak-blockchain-project-seeks-to-raise-50-million-in-token-offering\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/noti-america.com\/site\/principal\/2018\/05\/11\/odak-blockchain-project-seeks-to-raise-50-million-in-token-offering\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"kodak blockchain project seeks to raise $50 million in token offering\",\"datePublished\":\"2018-05-11T17:44:18+00:00\",\"dateModified\":\"2018-05-11T17:47:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/noti-america.com\/site\/principal\/2018\/05\/11\/odak-blockchain-project-seeks-to-raise-50-million-in-token-offering\/\"},\"wordCount\":400,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/noti-america.com\/site\/principal\/2018\/05\/11\/odak-blockchain-project-seeks-to-raise-50-million-in-token-offering\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/noti-america.com\/site\/principal\/wp-content\/uploads\/sites\/26\/2018\/05\/kodak.jpg\",\"articleSection\":[\"Tecnolog\u00eda\"],\"inLanguage\":\"es\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/noti-america.com\/site\/principal\/2018\/05\/11\/odak-blockchain-project-seeks-to-raise-50-million-in-token-offering\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/noti-america.com\/site\/principal\/2018\/05\/11\/odak-blockchain-project-seeks-to-raise-50-million-in-token-offering\/\",\"url\":\"https:\/\/noti-america.com\/site\/principal\/2018\/05\/11\/odak-blockchain-project-seeks-to-raise-50-million-in-token-offering\/\",\"name\":\"kodak blockchain project seeks to raise $50 million in token offering - 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