Add Row 
Add 
Introducing Favorited: The New Livestreaming Contender
In the ever-evolving landscape of social media, a new player has emerged: Favorited, a livestream app that offers an alternative to TikTok’s live streaming capabilities. Recently securing $1.3 million in pre-seed funding, Favorited sets out to revolutionize how creators and their followers connect in real-time.
Why Favorited Stands Out
Favorited closely resembles TikTok Live but introduces several engaging features aimed at enhancing interaction. With interactive games, leaderboards, and a gifting system similar to TikTok's, it encourages not just passive viewing but active participation. A notable difference is Favorited's generous revenue split—70% going to creators compared to TikTok’s 50%. This structure not only incentivizes creators but aims to attract more talent to the platform.
The Vision Behind Favorited
Founded by David Tesler and Zach Ferraro, who's previous projects range from anonymous Q&A apps to social platforms like Fourthwall, Favorited reflects their commitment to creating engaging, gamified content experiences. “We want to usher in the age of ‘real social,’” says Ferraro, emphasizing a shift away from solitary doom-scrolling behaviors toward interactive real-time socialization.
Trends in Livestreaming Monetization
The race for livestream monetization is fierce, with companies like Whatnot successfully capturing market interest, amassing significant funding and user engagement. Favorited, launching amidst this competition, boasts an impressive user base of over 750,000 and has created a lively platform where creators can thrive—evident by reports of users making substantial earnings through livestreams.
Looking Ahead: Global Aspirations
With aspirations to scale globally and already generating over $4 million in monthly revenue, Favorited is eyeing a bright future. Their current momentum signals that this app may not only survive but could thrive within a market that craves innovative and direct engagement between viewers and creators.
Add Row 
Add 
Write A Comment