Review on Freyrchain by jesus ruiz
Freyrchain, the Blockchain at the service of culture
Every day that passes we discover new and wonderful applications of the Blockchain, its diversity of uses can be almost infinite. I would never have thought of this idea, but it is very timely, building a platform where art collections can be authenticated, based on the Blockchain.
Freyrchain is taking on the task of creating the decentralized digital repository platform for culture and collections for art enthusiasts to fuel their growth. Its tokenized Blockchain proposition is designed to underpin the art collecting activity and its way to provide a brilliant and efficient solution.
Freyrchain will have the world's largest Blockchain database application platform where it will provide information on existing collections, historical transactions and collection description queries, as well as support authentication information.
Freyrchain will ensure that the security protocols of Blockchain technology serve to address the need for legitimacy and authenticity that all users seek when buying and selling art and other collectibles in general.
In addition to serving as a database, it will also be a platform for the community of artists and collectors where they will be able to contact each other and get the correct value for their pieces, proposing effective solutions about copyright, collections, valuations and legitimacy of artworks.
Freyrchain will have its own utility token, the FREC, which will be the currency in all transactions within the platform. It will serve as an ecosystem for this area, thanks to its vision of a tokenized economy.
Pros
- Freyrchain ensures that the art will be safely marketed.
- It will be copyright protected.
- The platform will serve as an art museum. This will also provide easier access to collectors.
- It would allow art collectors to trade art pieces easily and securely.
Cons
- none at this time
