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Venture workshop 021, famous for its approach based on theory, has obtained a controlling interest in ArtsDAO, the biggest Web3 community in the Middle East. This action is intended to grow 021’s impact within Dubai’s growing blockchain environment.
According to a news statement shared with crypto.news, this purchase will enable 021 to use ArtsDAO’s local presence and add to Dubai’s increase as an international center for Web3 development.
ArtsDAO focuses on connecting the space between art, culture, and blockchain technology. It has become a flourishing community of over 1,500 people, has a newsletter with 40,000 subscribers, and keeps a strong social media presence with 300,000 fans. The company is also known for holding ArtsDAO Fest, an occasion that drew 4,000 participants, and for its look in an Amazon Prime documentary about Web3 builders.
Planned Growth
This purchase shows 021’s wider plan of buying community-led endeavors that combine culture and blockchain technology. TruBit Collaborates with Morpho to Introduce DeFi Unearned Revenue in Latin America
Nigel Van Broekhoven, creator of 021, stated, “This purchase is in line with 021’s wider thesis around the future of community and membership networks. A part of our portfolio is dedicated to developing culturally important, community-driven businesses.”
021 has been actively growing its footprint in the lifestyle and membership business sectors. In 2024, it released Midnight Club, a private membership group for leading creators, financiers, and cultural supervisors. Midnight Club has held occasions in Miami, Singapore, Ibiza, and Dubai, and has worked with Luxury Rally Club to create an on-chain car marketplace connecting over 4,000 car lovers.
Charles Plenet de Badts, Executive Chairman of 021 and the new Chairman of ArtsDAO, commented, “ArtsDAO has created an outstanding Web3 community in the Middle East, and we see a great chance to further increase its vision.”
The Emirates are swiftly evolving into a worldwide center for Web3, and ArtsDAO, being a frontrunner in the area, emerges as an obvious option for 021 to leverage and bolster this inclination.”
**Modifications within ArtsDAO Administration**
Following the purchase, considerable shifts will occur in the administration of ArtsDAO:
* Charles Plenet de Badts will take on the role of Chairman at ArtsDAO.
* Danosch Zanedi, a co-founder of ArtsDAO, will relinquish his position as CEO and transition to Vice Chairman, simultaneously becoming CEO at The Block.
* Rahim Mahtab, another co-founder of ArtsDAO, has been designated as President and Interim CEO.
* Maria Sultanova will remain in her capacity as Chief Operating Officer.
* Dan Rozenberg, a co-founder of 021, will assume the role of Head of Alliances at ArtsDAO.
Rahim Mahtab, co-founder and Interim CEO of ArtsDAO, remarked, “021 promptly grasped the fundamental principles of ArtsDAO and provided the necessary resources for this thrilling fresh phase. With 021’s backing, we can broaden our impact, introduce novel offerings for our members, and persist in solidifying Dubai’s standing as a worldwide pioneer in blockchain and digital expression.”
**Prospective Strategies for ArtsDAO**
Supported by 021, ArtsDAO intends to strengthen its alliances and broaden its spectrum of services for creators, artists, and blockchain aficionados. Previously, ArtsDAO has forged alliances with prominent industry names such as Ledger, Etihad, BMW, Bybit, Yuga Labs, Mercedes-Benz, Doodles, and Chimpers.
021’s network of resources and tactical assets is anticipated to aid ArtsDAO in amplifying its impact, rolling out fresh membership perks, and establishing itself as a leader in blockchain and cultural advancement in the Middle East.
“The Emirates are swiftly transforming into a worldwide Web3 center, and ArtsDAO, as a pacesetter in the region, presents itself as an instinctive selection for 021 to capitalize on and contribute to this trajectory.”
