First Look: Art gallery in Dubai to educate artists on NFTs, Web3

The 37xDubai art gallery, which will be opened to the public later in October, aims to educate artists and art aficionados on nonfungible tokens (NFTs) and the broader Web3 ecosystem through workshops held in the gallery after its official launch. 

Cointelegraph sat down with Danilo Carlucci, the founder of investment firm Morningstar Ventures and 37xDubai, which is based in the Dubai International Financial Centre (DIFC). Carlucci spoke about its goals with the new art gallery and why it is diving into NFTs and Web3 despite the

When asked why it’s diving into NFTs, given the sentiments and data showing that NFT market prices are not what they used to be, Carlucci expressed his belief in the technology and explained why these NFTs in the gallery would be different. He said that while it’s not an NFT-only gallery, it does “believe in NFTs.” He also highlighted that the NFTs in the gallery have a different goal to those created by tech companies.

“For the artists that we work with and we handpick. The incentive is creative. They want to make something creative, and they just happen to use blockchain technology for authentication purposes and for maybe sometimes the creative purpose, but the incentive is always creative,” he explained.

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