Backed by the publicly listed blockchain technology conglomerate Phoenix Group and leading web3 investment firm Cypher Capital, Lyvely aims to transform the global creator economy valued at $250 billion.
Founded in 2023 by tech and health entrepreneurs Farah Zafar and Dave Katudal, Lyvely empowers all digital content creators, from celebrity influencers to online educators and brands.
Lyvely is designed as a social income realization platform and digital headquarters equipped with a suite of financial technology features, enabling content creators and brands to monetize their digital presence through
income realization mechanisms such as content memberships, paid communities, and social commerce.
Established in Ras Al Khaimah, UAE, RAK DAO empowers the next generation of global entrepreneurial talent to build transformative solutions and shape the future of digital asset companies and Web3 economies.
Lyvely’s operational SocialFi license from RAK DAO marks a significant milestone in its operational roadmap as a technology startup born in the UAE, providing a recognized and secure environment.
Dr. Samer Al Ansari, CEO of RAK Digital Assets Oasis, stated, “RAK Digital Assets Oasis is delighted to welcome Lyvely as a licensed SocialFi platform within our innovative ecosystem.
This achievement underscores our commitment to nurturing advanced digital asset companies in the MENA region.
Lyvely’s vision to empower digital content creators with advanced income realization tools aligns with our mission to drive technological advancement in the region.”
Farah Zafar, Co-founder and CEO of Lyvely, expressed her excitement about obtaining the RAK Digital Assets Oasis license: “We are proud to be a local brand building for the global, creative, and independent economy from the shores of the UAE.
As a licensed social income realization platform by RAK Digital Assets Oasis, we envision adding immense value to the digital ecosystem by empowering non-represented digital creators and anyone looking to build a more profitable digital presence.
Our strategic partnership with RAK Digital Assets Oasis signals our commitment to amplify our impact within the Web3 community, while simultaneously enhancing the economic potential of the UAE and the broader MENA region.”
With early impressive traction recorded, Lyvely plans to launch its mobile application in Q4 2024, followed by the long-awaited token launch.
RAK Digital Assets Oasis (RAK DAO) is the world’s first and only free zone with public law features designed to support and nurture digital asset companies.
Located in Ras Al Khaimah, UAE, the Oasis offers a transparent legislative framework simplifying the establishment and operation of digital asset companies.
By fostering a vibrant ecosystem and offering comprehensive services, the Oasis drives the future of emerging sectors, fuels innovation, and unleashes the potential of digital assets.
Lyvely is a social income realization platform building the future of online income generation for content creators, freelancers, companies, and digital entrepreneurs.
It serves as a social networking platform and digital hub empowering people to think more entrepreneurially and earn income from their content, skills, and passions.
Content creators can offer monthly memberships, build communities, livestream and sell, offer services, accept tips, and earn from their content or as a subsidiary company, among other functionalities.
Headquartered in the UAE, Lyvely was recently acquired 25% by Phoenix Group, a billion-dollar blockchain conglomerate listed on the Abu Dhabi Securities Exchange.
Phoenix Group is a billion-dollar technological force based in the UAE at the forefront of the blockchain, cryptocurrency, and technology revolution.
Beyond the Web3 space, it offers comprehensive solutions and prides itself on a 765-megawatt mining operation, powering growth through strategic partnerships and innovation.
Phoenix Group is the first private cryptocurrency and blockchain technology conglomerate in the region, listed on the Abu Dhabi Securities Exchange, and manages the largest mining farm in the MENA region.
