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Morningstar Ventures is an investment firm covering blockchain technology and digital assets. The firm is to open its first-ever interactive digital art gallery in central Dubai. Dubbed 37xDubai, this unique NFT art gallery is located in the Burj Daman Tower, the city’s lifestyle and business hub.
According to 37xDubai CEO Clemence Cazeau, the gallery’s design and architecture will be “highly sophisticated,” boasting state-of-the-art interior, equipment, and light and sound infrastructure.
“We’ve hand-picked and meticulously selected every element of the space to ensure that the 37xDubai gallery and its exhibitions are presented in an unforgettable fashion to every one of our visitors,” Cazeau said.
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37xDubai is established to promote Web3 technology and focus on Web-3-based entertainment education and digital/traditional art. 37xDubai will feature a rich amalgamation of educational programs and private monthly events apart from showcasing modern, digital art. It aims to bridge the gap between digital artists and their admirers.
Regarding the featured artists, Morningstar Ventures revealed in its press release that they aim to expand their scope by inviting a wide range of Web3 enthusiasts who can leverage the company’s and the art gallery’s networks.
The gallery will be created with modular technology, allowing the exhibitors to make required changes periodically while ensuring that the space remains creative, fresh, and adaptive to emerging concepts.
The establishment of an NFT art gallery isn’t surprising, given its global appeal. The world’s NFT market is expected to reach 23.9% by 2028, and in the UAE, around 23% of residents own at least 1 NFT, while this percentage in Europe is 8% and in the USA 2.8%.
The gallery is currently under development and has attracted many exclusive partners from the fashion, art, and luxury lifestyle sectors. It will be opened to the public right before Art Dubai, which will take place in March 2023.
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