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371 Review
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Review on Freyrchain by David Olayide

Revainrating 3 out of 5

Freyrchain

Finally I have discovered a cryptocurrency affiliated project focused to operate in the art sector. Of course I’m talking of none other than the Freyrchain platform that intends to create a decentralized digital repository platform of culture and art works for art enthusiasts to help their growth. Personally I love art and I was excited when I came across a project like this that actually plans to build the first platform based on the blockchain technology. Once again, the Blockchain technology comes through delivering as usual. According to information I found online, it appears that a world-class blockchain collection database app has been developed to provide access to information, historical transaction and collection records of a certain item as well as ancillary authentication information support for the whole industry. This is a really good development, and I am very eager for the first time in a while, to see how this works. The art collection industry is a very substantial and booming industry but it also has it’s on challenges and problems, and that is why solutions have been provided. This is where Freyrchain comes in, trying to re-shape the industry’s structure by using sufficient resources.



Pros
  • The art collection industry now has a blockchain based application and platform
  • Freyrchain provides a digital solution to the problems of the art collection industry
Cons
  • The cryptocurrency project Freyrchain appears to be inactive currently