KODAKOne (KODAKCOIN)

KODAKOne is an image rights management and protection platform secured in the blockchain that registers, manages and monetizes creative assets for the photographic community.

Whitepaper

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What is KODAKOne

The KODAKOne Platform: Image protection and monetization secured in the blockchain.

We believe that our image management platform, with its proprietary KODAKCoin cryptocurrency, will make it significantly cheaper and faster to register, move and sell digital images. Therefore, the KODAKOne Platform will offer a simple, transparent blockchain-based worldwide royalty accounting, licensing and payment system via its smart contract features.

The KODAKOne Platform will enable photographers from around the world to earn money from diverse new revenue streams and get paid faster. WENN Digital intends to deliver its immutable blockchain-enabled copyright protection combined with a high-efficiency “trustless” (no trust needed) transaction platform for the assured licensing of rights-cleared and protected digital assets. Our aim is to create a sustainable community of the world’s photographic supply chain, from photographers of all levels, to rights holders and buyers of creative images and image-related IP. We also aim for KODAKCoin to become the currency of this image economy.

Pursuant to Rule 506(c) under Regulation D of the Securities Act, WENN Digital plans to engage in a series of offerings for (i) rights to receive KODAKCoin pursuant to SAFTs and (ii) the underlying KODAKCoin, targeting an aggregate amount of $83,500,000 to build, launch and foster its KODAKOne Platform.

The KODAKOne Platform will have the potential to offer photographers lucrative new revenue streams, including participation in our planned big data research and distributed web crawling programs, where photographers will be paid by the platform in KODAKCoin for their participation. Our goal is for the KODAKOne Platform to also create incremental value for IP owners with our proprietary SWARM web crawlers and image-recognition programs, which will specifically identify unlicensed use of protected images that have been registered on our Blockchain Registry. We intend to use automated and human processes to convert any commercial unlicensed users into license-paying customers and deliver incremental, long-term revenue streams for image rights holders.

With to-be developed smart contracts and real-time transaction engines, the KODAKOne Platform will aim to pay photographers in KODAKCoin directly to their digital wallets. We expect that photographers will have the option to use their KODAKCoin to purchase goods and services available on the KODAKOne Platform, including cameras, film, other photographic accessories, studio time, offers of photo assignments or talent agency models. In addition, we intend to list KODAKCoin on one or more exchanges after their issuance in order to provide an additional avenue of liquidity for tokenholders.

WENN Digital is incorporated in Delaware, headquartered in Venice, California, with platform development and operations in Berlin, Germany and marketing and sales offices in Hollywood, California and London, England. The founding partners include shareholders of WENN Media and shareholders of Ryde.

WENN Media is an independent global news organization, headquartered in London, England, with offices in New York, New York, Hollywood, California and Berlin, Germany. For over a quarter century, WENN Media has been at the forefront of providing the world’s media with up-to-theminute entertainment news content. WENN Media’s entertainment content is relied upon by newspapers, magazines, radio, TV, websites, blogs, telecoms, national and international news agencies. WENN Media has a worldwide staff exceeding 60 and relationships with hundreds of freelance photographers and journalists. WENN Media has an archive of approximately 10 million images which are now earning revenues from the post-licensing service provided by Ryde.

Ryde, which was formed in 2016, has developed a web crawling and copyright infringement management platform designed to provide photographers with a fast, efficient, and highly effective tool to detect the copyright infringement of their digital assets (i.e., photos). Upon consummation of the business combination transactions, WENN Digital intends to further continue the development of the software with the goal of using it in administering the image post-licensing, infringement detection and reporting features of the KODAKOne Platform.