Answer: True
Explanation: folksonomy is a multi user tagging system of classifying and organizing material on the Web into different categories using metadata such as electronic tags.
It involves users applying descriptive keywords to the information they come across for easy identification.
folksonomy evolves when many users create or store content at particular sites and identify what they think the content is about. It is also an approach to organizing online content, its pros & cons, and its application in libraries.