Yes, WOLFRAM is a Scrabble word!

Letter values in Scrabble US: W 4, O 1, L 1, F 4, R 1, A 1, M 3.

Is it a valid word?

WOLFRAM is a valid word in the official Scrabble dictionary (US), the UK Scrabble Dictionary and Words with Friends (ENABLE).

a heavy grey-white metallic element; the pure form is used mainly in electrical applications; it is found in several ores including wolframite and scheelite

Also: w, atomic number 74.