TI Rating Report: Front Row
Front Row is a DApp built on FLOW chain that integrates NFT marketplace, K-POP community, social networking, gamification and DeFi features.
Front Row allows users to collect, invest, exchange and borrow/lease NFT on the platform with simple operations. However, mint and burn NFT on Front Row are only available to the administrator initially.
$FRR is an ERC-20 governance utility token based on the Front Row ecosystem. $FRR can be used to pay the Gas fee, purchase NFTs, stake in the yield farming pool, participate in NFT crowdfunding, vote for the proposal, etc.
Front Row is developed and operated by isMedia, a KOSDAQ listed company that primarily provides both hardware and software products for camera testing. As disclosed, isMedia officially started Front Row project in 2021 Q3 and finished the smart contract implementations by the end of 2021.
TokenInsight gives Front Row a rating of CCC, with a stable outlook.