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 37xDubai founder Danilo Carlucci said that the gallery uses NFTs based on the Tree of Life art display as their membership token.
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 The 37xDubai art <a rel="noopener noreferrer nofollow" title="gallery" href="https://thebittimes.com/tag/gallery.html">gallery</a>, which will be opened to the public later in October, aims to <a rel="noopener noreferrer nofollow" title="educate" href="https://thebittimes.com/tag/educate.html">educate</a> <a rel="noopener noreferrer nofollow" title="artists" href="https://thebittimes.com/tag/artists.html">artists</a> and art aficionados on nonfungible tokens (NFTs) and the broader Web3 ecosystem through workshops that will be held in the <a rel="noopener noreferrer nofollow" title="gallery" href="https://thebittimes.com/tag/gallery.html">gallery</a> after its official launch.&nbsp;
 Cointelegraph sat down with Danilo Carlucci, the founder of investment firm Morningstar Ventures and the art gallery 37xDubai, based in the Dubai International Financial Centre (DIFC). Carlucci spoke about their goals with the new art gallery and why they are diving into NFTs and Web3 despite the conditions of current markets.
 <figure><img src="https://cdn.thebittimes.com/images/2023/10/06/488230d5c46825d65222a607e92aefb5.webp" alt="" title="">
 <figcaption style="text-align: center;">First look at where NFTs will be displayed at the 37xDubai gallery. Source: 37xDubai
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 According to Carlucci, the <a rel="noopener noreferrer nofollow" title="gallery" href="https://thebittimes.com/tag/gallery.html">gallery</a> is “an effort to bridge art and technology in one place.” Being a more traditional venture capital fund, the executive said that the art <a rel="noopener noreferrer nofollow" title="gallery" href="https://thebittimes.com/tag/gallery.html">gallery</a> is Morningstar Venture’s way to diversify into the more creative digital art and NFT space. He said:&nbsp;
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 “We have various different types of digital arts, but we also have NFTs displayed. We don’t just sell these specifically handpicked NFTs, but we also educate the people who are visiting our gallery about what NFTs are.”&nbsp;
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 Apart from displaying NFTs inside the gallery, the 37xDubai founder also highlighted that they are using NFTs that are inspired by their Tree of Life art installation as a membership token.&nbsp;
 <figure><img src="https://cdn.thebittimes.com/images/2023/10/06/8037d51932eb4eb60f31f0f65e68b20e.webp" alt="" title="">
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 Founder&nbsp;Danilo Carlucci (left) with Cointelegraph's Ezra Reguerra at 37xDubai. Source: Joanna Alhambra&nbsp;
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 The executive said they will also support events and various workshops around the adoption of Web3 technology. The executive noted they have advisers from Binance NFT and Binance Charity who will help them with these endeavors.&nbsp;
 Related: First look at the Bitcoin Tower in Dubai: Dev shares initial design
 When asked why they're still diving into NFTs give the sentiments and data showing that NFT market prices are not what they used to be, the founder expressed his belief in the technology and explained why these NFTs in the <a rel="noopener noreferrer nofollow" title="gallery" href="https://thebittimes.com/tag/gallery.html">gallery</a> would be different. Carlucci said that while they’re not an NFT-only <a rel="noopener noreferrer nofollow" title="gallery" href="https://thebittimes.com/tag/gallery.html">gallery</a>, they do “believe in NFTs.” He highlighted that compared to the NFTs created by tech companies, the NFTs in the <a rel="noopener noreferrer nofollow" title="gallery" href="https://thebittimes.com/tag/gallery.html">gallery</a> have a different goal.
 <figure><img src="https://cdn.thebittimes.com/images/2023/10/06/9a7fcf4f813e0c55a56b7b4afb186a9b.webp" alt="" title="">
 <figcaption style="text-align: center;">The Tree of Life art installment at the 37xDubai art gallery. Source: 37xDubai
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 “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.
 Magazine: Pioneering generative <a rel="noopener noreferrer nofollow" title="artist" href="https://thebittimes.com/tag/artist.html">artist</a> propelled by personal tragedy — Matt Kane, NFT Creator 
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/first-look-art-gallery-in-dubai-to-educate-artists-on-nfts-web3-tbt65354.html">https://thebittimes.com/first-look-art-gallery-in-dubai-to-educate-artists-on-nfts-web3-tbt65354.html</a>

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

TheBitTimes

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