Hey 3.5 readers.
Kodak’s stock tripled today based on news that it is launching a new product, “KodakCoin,” getting in on the cryptocurrency phenomenon.
Gotta be honest, I’m surprised Kodak is still in business. I dabble in the stock market, but I never would have thought to buy shares in Kodak because, I mean, their main claim to fame was built on physical camera film, which is basically like producing Model T fords or dinosaur pants.
Millennials, there was a time when you had to load film into your camera and the little gremlins inside your camera would etch a rough sketch of what you were pointing your camera at. I’m pretty sure how that works.
Amazingly, Kodak remained in business over the years. I believe if you ever go to a store and get physical prints of your digital photos, its usual a Kodak machine, so they showed some conversion to modern tech power. Still, it’s got to be hard on a company when the product they were known for, i.e. Kodak film, becomes obsolete.
Not sure what KodakCoin is but it sounds like they’re devising a way for photographers to get paid when hteir images are used. If you know more about it, tell me and also will you use it?