Livry, a pioneering social networking platform focused on monetizing creators, won the Social Platform of the Year award at the prestigious E-Business Awards in Dubai.Founded by an award-winning chief legal officer and entrepreneur Farah Zafar, Global technology and wellness entrepreneur dave kaczdalLyvely was recognized for its role in bridging technology and user experience through innovation in creator monetization tools.
aiming to destroy the $470 billion global creator community, Lyvely leverages innovations in social commerce to empower 100 million creators so they can better monetize while doing what they do best: creating content. The company recently saw a 25% acquisition by Phoenix Group, a multi-billion dollar tech conglomerate listed on the Abu Dhabi Exchange (ADX), further underscoring the credibility of the platform and its mission.
Bijan Alizadefard, Co-Founder and Group CEO of Phoenix Group said: Social commerce and the creator economy are growing exponentially, and our strategic investment in Lyvely represents our commitment to building creator communities and supporting homegrown tech startups. ”
Farah Zafar, co-founder and CEO of Lyvely, said: By monetizing social networks, Lyvely represents a fundamental shift in the way people interact and transact online. Anyone who adds value to the digital ecosystem by posting online will be rewarded for their contribution. That's why at Lyvely, we believe in putting earning power in the hands of creators. ”
Adding to this vision, Dave Catuda, co-founder and chief executive officer (CXO) of Lyvely, said: “This award is a testament to our commitment to growing the creator community. As creators ourselves, we understand that building community is the key to financial independence, and this recognition is why people love It powers our mission to help people do what they do and get paid for it.”
Lyvely made a splash last year by rolling out some of its creator monetization tools, allowing individuals and brands to monetize on their terms outside of the Big Tech ecosystem. Lyvely fully integrates multimedia e-commerce, live streaming, and monetization platforms, giving users a digital HQ to build their brand in a scalable and secure ecosystem.
With the platform recording impressive early traction, Lyvely is gearing up for the launch of its mobile app this summer, to be followed by the highly anticipated token launch. These developments will enable Lyvely to leverage the endless potential of SocialFi and decentralized social (DeSo) to power the creator economy and redefine how people connect and earn online. .
