Morningstar Ventures a Dubai-based company announced a digital asset and blockchain technology specialist, on December 13, 2022, For its investment of more than 5 million dollars in the establishment of The first interactive art exhibition of digital art and an immersive art experience ’37xDubai‘.
Burj Daman has been chosen as a location for it (the Dubai International Financial Center area) in the heart of Dubai’s business and entertainment center, and the exhibition will open its doors to the public in the first quarter of 2023.
The global NFT digital art market is witnessing a significant recovery, and the growth is expected to double to 23.9% in the period Between 2022-2028. And in the United Arab Emirates, 23% of residents own at least one piece of the NFT business, which puts the UAE first in the world compared to Europe, where the percentage of owners of non-fungible NFT tokens is about 8%, and the percentage in the United States of America decreases to 2.8%.
The most important art institutions in the world have also opened new sections to display NFT-designed digital art pieces, including the Museum of Modern Art (MoMA), Sotheby’s, and other prestigious museums and institutions that have played a major role in digital art or in initiatives related to the world of Metaverse in the past years.
37xDubai Art Fair aims to be a bridge between art and technology, bringing new ideas and concepts to the NFT market by focusing on educational initiatives on Web 3, traditional art, digital art, entertainment, and community events.
The gallery focuses on ’37xDubai’ It aims to display a carefully selected collection of artwork mixed with digital experiences to become more than just a modern digital art gallery that is limited to displaying works of art but will extend to include the endeavor to create a global community of digital art lovers and enthusiasts through educational programs, activities, special events, and monthly meetings.
Leveraging the Morningstar Ventures network and Dubai Gallery 37x’, gallery artists can expand the reach of their work by engaging with a new segment of Web3 enthusiasts. Furthermore, the modular technology behind the gallery will allow for a constant change of the pieces and collections on display, maintaining the spirit of the gallery. Creativity is constantly changing and adapting to all concepts of all kinds.
Mr. Clemence Cazzo, CEO of 37xDubai, said, “37xDubai is distinguished by its highly refined design and architecture, state-of-the-art display equipment, acoustic design, and impressive lighting infrastructure. A unique artistic experience that will never be erased from their memories.”
Among the co-founders of investment firm Morningstar Ventures, Danilo S. Carlucci and Aruth Nazarian, both of Dubai’s most prominent young entrepreneurs, were early investors in Web 3 infrastructure with close ties to the entertainment and luxury industries. At the beginning of last year, the two entrepreneurs joined forces with Clemence Cazzo – a longtime owner of art galleries and auction houses – to become the CEO of 37xDubai.
The team is currently putting the finishing touches on the development process, and they have caught the eye of many exclusive partners in the world of elegance, art, fashion, and other luxury leisure industries. 37xDubai is expected to open just before the opening of the Dubai Art Fair in early March, with opening details to be shared in early January 2023.
About Morningstar Ventures
Morningstar Ventures supports ambitious ideas and seeks to provide assistance to the first founders of startups. The company is headquartered in Dubai, United Arab Emirates. The company is focused on blockchain and digital asset investments, led by its CEO Danilo S. Carlucci who has proven successful in token and stock investments.
About the exhibition 37xDubai
37xDubai is an interactive art gallery that offers an immersive digital art experience to its visitors. It specializes in displaying NFT or Non-Fungible Tokens digital artwork, as well as providing educational initiatives on 3G web awareness and education, traditional art, digital art, entertainment, and community events.
The exhibition aims to be a bridge between art and technology through the careful selection of exhibited art pieces and collections that will give visitors a unique experience.
37xDubai has been designed to be more than just another art gallery, but rather an unprecedented art vision inspired and inspired by Mr. Clemens Kazuo, CEO, with the support and financing of Morningstar Ventures Investments.
Burj Daman has been chosen as a location for it (the Dubai International Financial Center area) in the heart of Dubai’s business and entertainment center, and the exhibition will open its doors to the public in the first quarter of 2023.
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