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- 1 Dubai is seeing a surge in the number of art galleries and ambitious museum projects.
- 2 The increased interest in digital art is highlighted by the rise in investments in auction houses and galleries.
Dubai, which is famous for huge art displays and masterpieces at the Louvre Abu Dhabi to innovative contemporary installations of the landscape, never fails to showcase its inclination towards art.
Dubai is working on an ambitious plan to increase NFT adoption through education. The country is investing in educational technologies related to web3.
Places Highlighting Web3 Technologies in Dubai
Dubai Mall which is the ultimate destination for shopping also highlights Web3 technology where the physical world seamlessly collaborates with the digital art space. ftNFT is leading this transformative experience within Dubai Mall by highlighting the fusion of the digital and physical world.
Phygital Retail Space, which is a novel approach to the world of Non-Fungible Tokens (NFTs) comes to life. Shoppers have the chance to interact with NFT terminals allowing the effortless purchase of NFTs through credit cards. There are many counters like full 3D body scanning and engaging tours with the digital world.
37xDubai in the Dubai International Financial Center (DIFC) which is a financial hub provides an immersive experience. It is not just a space to serve digital assets but it has a mission to encourage visitors about the world of NFTs and the expansive Web3 ecosystem. It acts as a place where technology and art can coexist, grow, and most importantly, educate.
Morningstar Ventures, a venture capital firm focussed on digital assets and blockchain, found a way to display dynamic digital art and non-fungible tokens. Daneilo Carlucci, the visionary behind this venture, highlighted that their displays are more than artworks. They are the gateways to the developing digital landscape. It also encourages visitors about the importance of NFTs along with their strengths and use cases.
Besides these features, the gallery has a standout feature of pioneering membership tokens. It is a symbolic fusion of art and technology. In the same way, showing harmony with the gallery’s vision, 37xDubai also offers collaborative events and workshops focused on Web3 technology.
Summary
Dubai stands out from other countries in increasing the adoption rate of NFTs by educating artists with Web3 technologies. Instead of only investing heavily in entertainment avenues, Dubai is investing in digital art enhancements.
In major places, the country highlights the seamless integration of the digital and physical world. Along with these museums, art galleries, and ventures provide facilities to understand Web3. Some ventures also facilitate the easy purchase of NFTs with credit cards.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
