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This name could be ideally suited to a technology or business company.
The word "folkful" contains seven characters and just two syllables. Two syllable names make popular global brands. Successful brands using two syllable names include Pocket, Gucci and Walgreens.
Folkful.com is a dot-com domain. Dot com domains are the most valuable domain extension in the world, used by famous websites like twitter.com. When you own a dot-com, it is much easier to rank for your own name in search engines.
One suggestion for how this name could sound when used.