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Dubai’s Ambitious Plan to Accelerate NFT Adoption Through Educating Artists on Web3 Technologies

2 mins
Updated by Vugar Adigozalov
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The art scene in the United Arab Emirates is experiencing a vibrant surge, characterized by a flourishing array of galleries and auction houses in Dubai and ambitious museum projects taking shape in Abu Dhabi.

From the exquisite masterpieces on display at the Louvre Abu Dhabi to the innovative contemporary installations that adorn the Emirates’ landscape, it’s evident that the country is at the forefront of the region’s rapidly growing art scene.

In a region where many countries are channeling their investments into museums and entertainment facilities to attract tourism, Dubai stands out for its pioneering approach to embracing technological advancements.

As one explores the vast expanse of the world’s largest shopping destination, the Dubai Mall, a fascinating glimpse into the future of Web3 technology is on display, where the physical realm seamlessly intersects with the digital art space. A pioneering venture known as ftNFT is spearheading this transformative experience within Dubai Mall, presenting an innovative fusion of physical and digital galleries.

Within this cutting-edge phygital retail space, a novel approach to the world of Non-Fungible Tokens (NFTs) comes to life. Shoppers have the opportunity to interact with NFT terminals, allowing for the effortless acquisition of NFTs using conventional credit card payments. This immersive journey takes patrons on a captivating tour of the phygital art world, replete with diverse experiences, including full-body 3D scanning and a plethora of engaging encounters.

Source: 37xDubai

Dubai, renowned for its boundless extravagance and unceasing spirit of innovation, is on the brink of another awe-inspiring venture. Set to unveil later this October, the city’s upcoming artistic sensation, 37xDubai, under the visionary leadership of Danilo Carlucci from Morningstar Ventures, promises to be more than a mere art gallery. It aims to emerge as a harmonious blend of art, technology, and education.

In the Dubai International Financial Center (DIFC), a globally recognized financial hub at the forefront of embracing web3 technologies and digital asset regulation, 37xDubai is envisioned as an immersive experience. This unique establishment seamlessly weaves traditional digital art forms with the cutting-edge world of non-fungible tokens (NFTs). However, there’s a twist to this narrative.

Beyond serving as a mere exhibition space for exquisite digital assets, 37xDubai has a broader mission – to enlighten its visitors about the enthralling realm of NFTs and the expansive Web3 ecosystem. In a world where technology often overshadows art, 37xDubai stands as a sanctuary where both coexist, flourish, and, most importantly, educate.

Morningstar Ventures, an established name in the venture capital world, perceives this gallery as its gateway to the dynamic domain of digital art and Non-Fungible Tokens (NFTs). Danilo Carlucci, the visionary behind this venture, emphasized that their displays are more than just artworks. They serve as informative windows into the ever-evolving digital landscape, enlightening visitors about the significance and potential of NFTs.

Among the standout features of this trailblazing gallery is its pioneering membership token, taking inspiration from the ‘Tree of Life’ art installation. It’s more than just a token; it’s an emblematic symbol of the fusion of art and technology. In harmony with the gallery’s vision, 37xDubai offers collaborative events and workshops focused on Web3 technology. These gatherings allow attendees to glean insights and expertise from advisors associated with prominent entities such as Binance NFT and Binance Charity.

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Sumit Kapoor
Sumit Kapoor is a prominent figure in the crypto industry, recognized for his influential role. Boasting a global following of over 800K enthusiasts, Sumit earned the Best Influencer of the Year title on Binance in 2021. Furthermore, he holds a position among the top 25 affiliates on Binance, Bybit, and Wazir X. Widely known as the 'Money Guru,' Sumit, India's foremost crypto influencer, aspires to empower and educate one million individuals by fostering the adoption of cryptocurrencies.
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