In the heart of Dubai, a unique art gallery is set to open its doors later this October. Dubbed 37xDubai, the gallery is on a mission to enlighten artists and art enthusiasts about non-fungible tokens (NFTs) and the broader Web3 ecosystem through a series of workshops after its grand opening. GIE Crypto had an insightful conversation with Danilo Carlucci, the brain behind 37xDubai and founder of investment firm Morningstar Ventures, to understand more about this intriguing initiative.

Carlucci, whose firm is nestled in the Dubai International Financial Centre (DIFC), shared his vision for the art gallery and his reasons for venturing into the world of NFTs and Web3, despite the current market conditions. According to him, the gallery represents a harmonious blend of art and technology. As a traditional venture capital fund, Morningstar Ventures views the gallery as an avenue to diversify into the vibrant realm of digital art and NFTs.

Beyond merely showcasing NFTs, 37xDubai is using NFTs inspired by its Tree of Life art installation as a membership token. This innovative move highlights how to make a crypto investment blockchain work for creative purposes. Carlucci further revealed plans to host events and workshops aimed at promoting the adoption of Web3 technology. To ensure success in these ventures, the project will draw on the expertise of advisers from Binance NFT and Binance Charity.

When quizzed about why he chose to delve into NFTs, particularly at a time when market prices are not as impressive as they once were, Carlucci expressed unwavering faith in the technology. He clarified that while 37xDubai is not strictly an NFT-only gallery, it does firmly “believe in NFTs”.

He further elaborated that the NFTs displayed in the gallery serve a different purpose than those created by tech companies. The artists that 37xDubai collaborates with are carefully chosen for their creative drive. These artists utilize blockchain technology primarily for authentication purposes and occasionally for creative reasons. However, the overarching incentive is always creativity, Carlucci explained.

The concept of an art gallery that doubles as a crypto education platform is a novel one. It signifies the growing intersection between art, technology, and finance. By offering a crypto exchange service in the United Arab Emirates, 37xDubai is making strides in promoting the adoption of NFTs and the Web3 ecosystem.

For those interested in exploring this new frontier, downloading a digital wallet will be a necessary first step. There is a wide range of crypto apps in the USA and across the globe that can facilitate this process. The fusion of art and technology represented by 37xDubai is an exciting development in the blockchain world, and it will be fascinating to see how it influences the future of art, NFTs, and the Web3 ecosystem.

In conclusion, 37xDubai is not just an art gallery; it’s a platform that bridges the gap between the physical and digital world, bringing together artists, tech enthusiasts, and investors alike. It’s an exciting time for the art world, and for those ready to embrace this new wave of creativity, 37xDubai offers a gateway to explore and understand the potential of NFTs and the Web3 ecosystem.