Morningstar Ventures to open interactive NFT art gallery 37xDubai in Dubai with $5 million
Digital assets and blockchain technology investment firm Morningstar Ventures has decided to open its NFT art gallery in Dubai: 37xDubai. Located in the heart of Dubai’s commercial and social hub, the gallery will soon host a groundbreaking interactive digital art exhibition.
A brand new kind of gallery
The main objective of Morningstar Ventures’ new gallery is to bridge the gap between art and technology. To achieve this, the gallery will focus on Web3 education, digital art, traditional art, entertainment and community.
37xDubai will be much more than a traditional gallery, offering not only artworks but also a rich selection of digital experiences. Educational programs, private events, and monthly meet-ups will also take place to cultivate a global community of art fans around the gallery. 37xDubai will therefore be the hub of choice for any digital art lover.
A unique visitor experience
The vast network of Morningstar Ventures and 37x will be available to featured artists. This will allow them to expand their audience and increase their visibility. In addition, the gallery’s modular technology will facilitate the rotation of collections and artists on display. This ensures a rich and diverse creative space with exciting exhibitions and innovative ideas.
37xDubai CEO Clémence Cazeau also says that the gallery’s design and architecture are sophisticated, filled with modern materials, interior infrastructure, sound, and lighting. She also says that each element of the gallery space has been meticulously chosen to provide an unforgettable exhibition experience for visitors.
Bringing art and technology together
The advent of the 37xDubai gallery aims to bring art and technology together. To achieve this, the founders want to focus on NFT, traditional art, digital art, entertainment, web3 education, and community. Thus, through its selection of artworks consisting of digital experiences, 37xDubai will greatly differentiate itself from traditional galleries.
This unique idea is driven by CEO Clémence Cazeau and has the backing of Dubai-based Morningstar Ventures, which has invested $5 million. In the first quarter of 2023, the gallery will open its doors to visitors in the Burj Daman Tower building in the DIFC area. Its location in the business and lifestyle center of Dubai allows visitors to have a magnificent view of the world’s tallest building: the Burj Khalifa.
Furthermore, it is worth noting that NFT will reach 23.9% between 2022 and 2028. Compared to Europe at 8% and the US at 2.8%, the UAE leads in the percentage of NFT ownership. This percentage is 23% in the UAE. In fact, MoMa, Sotheby’s, and other major players in the institutional landscape of the art world have taken initiatives regarding the NFT, the Metaverse. This is proof that NFTs are taking root in the art world and bridging the gap that already exists.
The origin of this new gallery
The co-founders of Morningstar Ventures, Danilo S. Carlucci and Arut Nazaryan, are two young businessmen from Dubai. They have invested in Web3 and are also active in the luxury and entertainment industries. At the beginning of 2021, they joined forces with Clémence Cazeau to launch 37xDubai. Clémence Cazeau is an expert in the art gallery sector and her partnership with these two Web3 investors is ideal for this new interactive art gallery.
It should also be noted that the 37xDubai team is currently in the final stages of the development process. Several partners from the fashion, lifestyle, and luxury sectors are already interested. In early March 2023, the NFT art gallery will open its doors prior to Art Dubai. Details of this opening will be published in January.