Close Menu
AlexaBlockchain
  • News
  • Press Releases
    • Submit Press Release
  • Adoption
  • Funding
  • Interview
  • Policy
  • Explained
    • Bitcoin Halving 2024: Will it Trigger the Next Bull Run?
    • Everything You Wanted to Know About Bitcoin But Were Too Afraid To Ask
    • Cryptocurrency: what makes it so popular?
    • Top Five Crypto Scams And How To Avoid Them
    • Cloud Mining Explained
    • What are NFTs?
    • What is a Web3 Browser?
    • How To Build High Quality Crypto Backlinks
  • About
  • Advertise
  • Trending
    • #BitcoinHalving
    • #CloudMining
    • #Web3.0
    • #Metaverse
    • #NFTs
    • #PlayToEarn
    • #DeFi
    • #BlockchainTechnology
    • #Bitcoin
    • #Cryptocurrency
    • #DigitalAssets
Facebook X (Twitter) Instagram
Friday, July 4
  • Advertise
  • Crypto PR
  • Partner
  • Submit Press Release
  • Contact Us
X (Twitter) Facebook LinkedIn Instagram
AlexaBlockchain
Banner
  • News
  • Press Releases
    • Submit Press Release
  • Adoption
  • Funding
  • Interview
  • Policy
  • Explained
    • Bitcoin Halving 2024: Will it Trigger the Next Bull Run?
    • Everything You Wanted to Know About Bitcoin But Were Too Afraid To Ask
    • Cryptocurrency: what makes it so popular?
    • Top Five Crypto Scams And How To Avoid Them
    • Cloud Mining Explained
    • What are NFTs?
    • What is a Web3 Browser?
    • How To Build High Quality Crypto Backlinks
  • About
  • Advertise
  • Trending
    • #BitcoinHalving
    • #CloudMining
    • #Web3.0
    • #Metaverse
    • #NFTs
    • #PlayToEarn
    • #DeFi
    • #BlockchainTechnology
    • #Bitcoin
    • #Cryptocurrency
    • #DigitalAssets
AlexaBlockchain
You are at:Home » Lyvely Becomes The First Licensed SocialFi Platform in MENA Region
Featured

Lyvely Becomes The First Licensed SocialFi Platform in MENA Region

"As a SocialFi platform licensed under RAK DAO, we envision adding immense value to the digital ecosystem by enabling web3-powered monetization avenues for under-represented digital creators and everyone who seeks to build a more profitable digital presence," states Lyvely Co-founder and CEO, Farah Zafar.
Rakhi ShahBy Rakhi ShahJuly 2, 2024Updated:July 2, 2024No Comments3 Mins Read
Twitter Facebook LinkedIn Reddit Email WhatsApp
Lyvely Becomes First Licensed SocialFi Platform in the MENA Region
Lyvely Becomes First Licensed SocialFi Platform in the MENA Region
Share
Twitter Facebook LinkedIn Pinterest Reddit Telegram Email WhatsApp

Key Takeaways

  • SocialFi platform Lyvely has been granted a full operational license from RAK DAO, enabling it to conduct non-regulated SocialFi activities.
  • Founded by Farah Zafar and Dave Catudal in 2023, and backed by Phoenix Group and Cypher Capital, Lyvely aims to disrupt the $250 billion global creator economy by providing tools for digital creators to monetize their online presence.

Lyvely, a UAE-based social monetization platform, announced today that it has been granted a full operational license from Ras Al Khaimah Digital Assets Oasis (RAK DAO). This milestone positions Lyvely to undertake a range of non-regulated activities within the SocialFi category, marking a critical step in its mission to disrupt the $250 billion global creator economy.

Founded in 2023 by tech and wellness entrepreneurs Farah Zafar and Dave Catudal, Lyvely is backed by the publicly listed blockchain conglomerate Phoenix Group and leading Web3 investment firm Cypher Capital.

The platform aims to empower a broad spectrum of digital creators, from celebrity influencers to online brands, by providing a comprehensive suite of fintech features designed to monetize digital presence. These features include content memberships, paid communities, and social commerce, effectively transforming how creators and brands generate revenue online.

RAK DAO, the world’s first Free Zone with Common Law features tailored to digital assets companies, provides a secure and recognized environment for Lyvely to operate. Located in the UAE’s Emirate of Ras Al Khaimah, RAK DAO was established to foster innovation and support the next generation of global entrepreneurial talent in building transformative digital asset solutions and advancing the Web3 economy.

“Lyvely’s vision to empower digital creators with advanced monetization tools aligns with our mission to drive technological advancement in the region,” CEO of RAK DAO, Dr. Sameer Al Ansari, said.

“As a SocialFi platform licensed under RAK DAO, we envision adding immense value to the digital ecosystem by enabling web3-powered monetization avenues for under-represented digital creators and everyone who seeks to build a more profitable digital presence,” Farah Zafar, Co-founder and CEO of Lyvely, said in a statement.

“Our strategic association with RAK DAO signals our intent to amplify our impact among the web3 community, while simultaneously adding to the massive economic potential of UAE and the wider MENA region,” Farah added.

With its sights set on expanding its reach, Lyvely has already shown impressive early traction. The company is gearing up for the release of its mobile application in Q4 2024, followed by a highly anticipated token launch.

Read Also: RAK DAO Forge Partnership with Conflux Network to Propel Blockchain Innovation in the Middle East

Creator Economy Farah Zafar Lyvely RAK DAO SocialFi
Share. Twitter Facebook LinkedIn Reddit Pinterest Tumblr Telegram Email WhatsApp
Rakhi Shah
  • Website

R Shah is a journalist and writer based out of Delhi, India. She is an Economics graduate from Delhi University. She can be reached at R.Shah@alexablockchain.com.

More AlexaBlockchain

Moku Appoints Web3 Veteran Kathleen Osgood as Chief Business Officer

July 2, 2025

VeChain Launches StarGate Staking Program

July 1, 2025

Maple Finance Adds weETH as Collateral

June 30, 2025

Zilliqa 2.0 Goes Live with Major Architectural Overhaul

June 26, 2025

ZIGChain Mainnet Beta Debuts with $100M Fund

June 25, 2025

Sandeep Nailwal Becomes Polygon Foundation First CEO to Accelerate Agglayer, PoS 100K TPS Vision

June 11, 2025
Add A Comment

Comments are closed.

Don't Miss

Moku Appoints Web3 Veteran Kathleen Osgood as Chief Business Officer

VeChain Launches StarGate Staking Program

Anchorage Digital Adds Full Support for JitoSOL

Maple Finance Adds weETH as Collateral

Trending Topics
  • Blockchain News
  • Blockchain Technology
  • Blockchain Platforms
  • Blockchain Regulation
  • Bitcoin News
  • Ethereum News
  • Ripple News
  • Tezos News
  • CBDC
  • NFTs
Featured Companies
  • Binance
  • Tech Mahindra
  • Huobi
  • Efforce
  • Future FinTech Group
  • SuburbanColors
  • Launchpool Labs
  • Lucky Crab Club
  • SIMBA Chain
  • Bulldog Law
Stay Updated
  • Events
  • Newsletters
  • Follow
  • Follow on Google News
  • Blockchain Directory
Get In Touch
  • Crypto PR
  • Advertise
  • Partner
  • About
  • Masthead
  • Careers
  • Write for Us
  • Submit Press Release
  • Submit Guest Post
  • Contact US
Copyright © 2025. AlexaBlockchain
  • About
  • Advertise
  • Crypto PR
  • Submit Press Release
  • Write for Us
  • Careers
  • Privacy Policy
  • Affiliate Disclosure
  • Disclaimer
  • Contact

Type above and press Enter to search. Press Esc to cancel.