Morningstar Ventures launches 37xDubai – NFT art gallery in Dubai

Morningstar Ventures, an investment firm focused on blockchain technology and digital assets, announced the opening of 37xDubai, its first-ever interactive digital art gallery in central Dubai. Located in the Burj Daman Tower, the city’s lifestyle and business hub, this unique NFT art gallery has been established to promote Web3 technology and Web-3-based education, digital/traditional art, and entertainment.

According to Clemence Cazeau, 37xDubai CEO, 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 claimed.

The NFT gallery 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.

In its press release, Morningstar Ventures revealed that the featured artists 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.

Moreover, 37xDubai 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.

Currently, the gallery is 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 be held in March 2023.

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%.

Image Source: https://www.hackread.com/morningstar-37xdubai-dubai-nft-art-gallery/