Lyvely, a UAE-based social monetization platform, has secured a full operational license from Ras Al Khaimah Digital Assets Oasis (RAK DAO), becoming the MENA region’s first licensed SocialFi platform. This license allows Lyvely to undertake non-regulated SocialFi activities, empowering digital creators with advanced monetization tools. Backed by Phoenix Group and Cypher Capital, Lyvely aims to disrupt the $250 billion global creator economy and is set to release its mobile application in Q4 2024.
