This partnership will enable Ibanera to expand into the Middle East, where it will leverage RAK DAO’s unique ecosystem to enhance its reach in the region’s growing digital asset market. 

As a newly licensed ecosystem partner, Ibanera will access a wide network of Web3 resources, funding opportunities, and blockchain tools to support its growth and innovation in digital banking and Web3 technologies.

Dr. Sameer Al Ansari, CEO of RAK DAO, emphasised the strategic importance of this partnership. “RAK DAO’s vision is to be the free zone of the future for the companies of the future. Ibanera’s entrance into the region aligns perfectly with our goal of fostering future-driven innovation and next-generation banking technologies.

“This collaboration not only positions Ibanera as a key player in this dynamic region but also strengthens RAK DAO’s ecosystem by introducing cutting-edge financial services and solutions.”

Also commenting, Michael Carbonara, CEO of Ibanera said, “We are thrilled to join RAK DAO’s network of future innovation. The business-friendly infrastructure and progressive policies in Ras Al Khaimah make it an ideal location for global business growth.”

Through RAK DAO’s ecosystem of Web3 partners, Ibanera aims to expand its PORTL API and other key solutions, stimulating creativity and innovation. 

RAK DAO’s straightforward legislation and seamless onboarding process will further support Ibanera’s mission to provide cutting-edge services to companies, from startups to enterprise operators.

The all-in-one innovative financial service platforms owned by Ibanera will offer RAK DAO and its ecosystem of Web3 businesses a convenient, seamless, and user-friendly experience, ranging from NFT Tokenisation-as-a-Service to digital asset purchases and next-generation banking solutions. 

The license allows Lyvely to engage in non-regulated activities within the SocialFi category, commemorating an applaudable step in its mission to empower digital creators through innovative monetization tools.

Backed by publicly listed blockchain technology conglomerate, Phoenix Group, and leading Web3 investment firm, Cypher Capital, Lyvely aims to disrupt the $250 billion global creator economy.

Lyvely was founded in 2023 by tech and wellness entrepreneurs Farah Zafar and Dave Catudal to empower all digital creators, ranging from celebrity influencers to digital creators and online brands.

Designed as a social monetization platform and digital HQ with a suite of fintech features, Lyvely allows creators and brands to profit from their digital presence via monetization features such as content memberships, paid communities, and social commerce.

Located in the UAE’s Emirate of Ras Al Khaimah, RAK DAO was established to empower the next generation of global entrepreneurial talent to build transformative solutions, and shape the future of digital assets businesses and Web3 economies.

The license from RAK DAO marks a major milestone in Lyvely’s operational roadmap as a UAE born and bred tech startup. Lyvely’s SocialFi operational license will enable the company to operate within a secure and recognized environment.

Dr. Sameer Al Ansari, CEO of RAK DAO, noted: “RAK DAO is thrilled to welcome Lyvely as a licensed SocialFi platform within our innovative ecosystem. This milestone underscores our commitment to nurturing cutting-edge digital assets companies in the MENA region. Lyvely’s vision to empower digital creators with advanced monetization tools aligns with our mission to drive technological advancement in the region.”

Expressing delight at receiving the RAK DAO license, Farah Zafar, Co-founder and CEO of Lyvely, said, “We are proud to be a homegrown brand, building for the global creator and freelance economy from the shores of UAE. 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.

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. ”

With the platform registering an impressive early traction, Lyvely is set to release its mobile application in Q4 2024, followed by a much-awaited token launch.