The Favorite Livestream app, a new feature of TikTok, is powered by a16z

This month, drama took place on major websites like TikTok, which in short it was dark in the US before a return quickly. Instagram soon met back after finishing a third-party fact-checking program.

At the same time, the basics like Favorites are attracting attention from investors, producers, and viewers. On Wednesday, the livestream program announced its $1.3 million seed funding round.

Likes is very similar to TikTok Live because it aims to help creators interact with their followers in real time. The main features include gifts, social games, slots, scoreboards, and more. Gifting works in a similar way to TikTok Live, allowing viewers to send real gifts during the live stream. These gifts are bought with coins, which are bought with real money.

One of Favorited’s most notable features is its 70/30 revenue split for creators, which may be better than TikTok, which takes about 50%. Users need 100 followers to start their Favorited stream, but anyone can join existing streams. Within these streams, they can participate in “battles” and alliances, which can help them promote themselves and gain new followers.

Favorites was founded last year by David Tesler and Zach Ferraro. Tesler was the creator of the anonymous Q&A program Sendit, while Ferraro met and worked with companies such as Curiosity.com, Famous Birthdays, and Fourthwall. The two say they are committed to livestreaming, believing that the future of content is interactive and interactive.

“Real human interaction is synchronous, real-time, and face-to-face, and our platform helps make that possible,” Ferraro told TechCrunch. “I think we’re almost done, and we want to bring in a time of ‘real relationships.'”

The latest round of funding takes place amid fierce competition between different programs looking to capitalize on livestreaming. NoThe platform where users can sell products through livestreams, recently raised $265 million, increasing its value to an impressive $4.97 billion. RedNoteanother Chinese app that offers streaming services, took the top spot for free apps on the US App Store last week.

It remains to be seen if Favorited can keep up with the bigger platforms, but it seems to be doing well and has already attracted investors in a competitive market. The app currently has over 750,000 users, users like Jaysingz (TikToker fame) claim to earn over $40,000 a month streaming on Favorited.

Those who participated in the funding include Andreessen Horowitz, HF0, Soma Ventures, and several angel investors from the entertainment and social media sectors. The newly raised funds have been used for development and have enabled the company to double its team from 10 to 20 employees.

Looking to the future, the company plans to expand globally and is in talks with strategic investors about additional foreign investment, although Ferraro said it is not needed. The platform claims to generate more than $4 million per month. In the past week alone, creators on Favorited have been awarded more than $2.5 million.

Favorited is available for download at App Store and Google Play Store. The platform covers 1.3 million software installations.