The cryptocurrency was being developed under a brand licensee agreement between Kodak and RYDE Holding Inc. (formerly WENN digital), with the relationship and project canceled.
[7] KodakCoin may be a rebranding of an abandoned initial coin offering (ICO) known as RYDE, a cryptocurrency developed by WENN Digital.
[7] In the initial press release about the KodakOne project published by Kodak on January 9, 2018[10] WENN Digital is described as having a "live operational copyright infringement management system" that "is delivering revenues to photographers worldwide today" and leveraging "the market position of its 30-year old subsidiary WENN Media, which works with approximately 2,500 professional photographers".
[12] KodakCoin was designed to work with Kodak's KodakOne platform, to facilitate image licensing for photographers.
[20] BBC News "Tech Tent" declared KodakCoin/KodakOne and the (unrelated) Kodak KashMiner "Worst Idea" at CES 2018.