Morningstar Ventures Injects IDR 78 Billion for NFT 37xDubai Art Gallery

JAKARTA – An investment company that focuses on digital assets and blockchain technology, Morningstar Ventures announced that it has disbursed funds to open an NFT museum called 37xDubai. The NFT Museum is located in the heart of Dubai.

Morningstar Ventures disbursed US$5 million (equivalent to Rp.78 billion) for the gallery. Located in the Dubai business district, 37xDubai is slated to open in the first quarter of 2023.

The upcoming gallery '37xDubai' aims to be the intersection of technology, Web3 education, traditional art, digital art, entertainment, and community. By combining curated collections and digital experiences, this gallery will push the limits of what the average art gallery is capable of.

The 37xDubai gallery, in detail, will include educational programs, private events, and monthly meetings. Furthermore, 37xDubai will act as a global hub for digital art enthusiasts, including creators.

Additionally, through Morningstar Ventures and 37x's extensive network, featured artists have access to a new wave of Web3 members. Furthermore, the technology used in the gallery drives the rotation of the collection and the artists on display. Hence maintaining a diverse and refreshing gallery filled with captivating exhibitions and installations.

"The design and architecture of our gallery are state-of-the-art, filled with state-of-the-art equipment, interior, sound, and lighting infrastructure. We have carefully selected and selected every element of the space to ensure that the 37xDubai gallery and its exhibitions are presented memorably for each of our visitors", said Clemence Cazeau, CEO of 37xDubai, quoted from NFT Evening.

Apart from being in the business center and the heart of Dubai, visitors who come to the 37xDubai art gallery will also be treated to a view of the tallest building in the world, Burj Khalifa.

In early 2021, Morningstar Ventures co-founders Danilo S. Carlucci and Arut Nazaryan partnered with Clemence Cazeau to create 37xDubai. Cazeau's experience with art galleries and the co-founder's knowledge of Web3 certainly make this an ideal partnership for an NFT art gallery.

Additionally, the 37xDubai team is in the final stages of the development process and has already attracted interest from a wide range of industry partners. With this partnership, this gallery will present several factors, including fashion, lifestyle, and luxury. This NFT gallery will open before the Art Dubai event, which is around March 2023. Meanwhile, in January, 37xDubai will open for the first time.