Morningstar Ventures Allocates $5 Million for Establishing 37xDubai, an Innovative NFT Art Space in Central Dubai

Dubai, UAE, 13th December, 2022, Chainwire

Morningstar Ventures is preparing to debut its inaugural interactive digital art gallery in Dubai's bustling center. Located within the iconic Burj Daman Tower in the DIFC area, ‘37xDubai’ finds itself right at the intersection of business and cultural vibrancy in the city.

The mission of 37xDubai is to merge the worlds of art and technology by emphasizing web3 education, traditional and digital artistry, entertainment, and building a community. This is not just a gallery; it's a thoughtfully designed fusion of art and digital experiences. curated collection Through exclusive gatherings and private events, 37xDubai aims to nurture a worldwide network of digital art lovers. educational programs Artists featured at 37xDubai will have the opportunity to tap into the extensive reach of Morningstar Ventures and the 37x network, engaging with an excited new wave of web3 supporters. The innovative modular technology behind the gallery allows for dynamic changes in the displayed artwork, ensuring the space remains vibrant and responsive to various artistic visions.

Clemence Cazeau, the CEO of 37xDubai, remarked, 'The aesthetics and architecture of our gallery are exceptionally refined, enhanced with cutting-edge technology for sound, lighting, and the entire interior.' Every component of the space has been meticulously chosen to guarantee that the exhibitions at 37xDubai leave a lasting impression.

The co-founders of Morningstar Ventures, Danilo S. Carlucci and Arut Nazaryan, are entrepreneurial visionaries based in Dubai who were among the early investors in web3 technologies. Alongside Clemence Cazeau, who brings years of expertise from the art and auction industry, this dynamic trio is set to make waves. The NFT market is expected to grow significantly, projected to expand by 23.9% from 2022 to 2028. Notably, 23% of residents in the UAE own at least one NFT, positioning the region ahead of Europe (with only 8%) and the U.S. (at 2.8%). Renowned institutions like MoMa, Sotheby’s, and others are also venturing into NFT or metaverse-related projects, revealing their growing interest. The team at 37xDubai is progressing through the final stages of development and is attracting interest from an array of exclusive collaborators in the luxury, art, fashion, and lifestyle sectors. The grand opening is expected to take place just prior to an exciting upcoming event scheduled for early March 2023, with further details set to be announced in January. Please remember that the information on this page should not be considered as legal, tax, investment, financial advice, or any other professional guidance. It’s crucial to invest only what you can afford to lose and to seek personalized financial advice if you're uncertain. For additional details, we recommend consulting the issuers' or advertisers' terms and conditions, as well as their help and support sections. While MetaversePost strives for accurate and fair reporting, understand that market dynamics can change unexpectedly. to every one of our visitors.”

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