ArtsDAO acquired by 021 to boost Dubai’s blockchain ecosystem

Venture Studio 021, led by theses, has acquired majority participation in Artsdao, the largest web3 community in the Middle East, in a strategic decision to expand its presence in the Dubai blockchain ecosystem.

Acquisition positions 021 to take advantage of the influence of artsdao in the region and contribute to the growing status of Dubai as World HUB Web3According to a press release sent to Crypto.News.

Founded to fill the gap between the art, culture and technology of blockchain, Artsdao has become a prosperous community of 800 members. He maintains a newsletter of 40,000 sub-sectors and monitoring 300,000 social media. The collective is also known for the organization of the Artsdao Fest, which attracted 4,000 participants, and was presented in a documentary Amazon Prime on web manufacturers.

Strategic extension

THE acquisition Reflects the wider strategy of 021 to invest in companies focused on the community that combine blockchain culture and technology.

“The acquisition aligns with the broader thesis of 021 around the future of communities and membership networks. Part of our portfolio is devoted to the construction of community -oriented ventures and community -focused, “said Nigel Van Broekhoven, founder of 021.

021 was busy extending its imprint in lifestyle and membership companies. In 2024, he launched Midnight Club, a collective of private members for the founders, investors and culture curators. Midnight Club organized events in Miami, Singapore, Ibiza and Dubai and co-constructed a chain car market with the Luxury Rally Club to connect more than 4,000 car collectors.

“Artsdao has built an unrivaled web3 community in the Middle East, and we see incredible opportunities on the scale of its vision,” said Charles Plenet de Badts, executive president of 021 and newly appointed president of Artsdao. “The prominence of water as a world web3 hub is developing quickly, and Artsdao, as a regional leader, was the logical choice for 021 to capture and contribute to this momentum.”

Artsda Leadership changes

After the acquisition, the leadership of Artsdao will see key changes:

• Charles Plenet de Badts will be president of Artsdao.
• Danosch Zanedi, co-founder of Artsdao, will resign as CEO to become vice-president and also join the block as CEO.
• Rahim Mahtab, co-founder of Artsdao, is appointed president and interim CEO.
• Maria Sultanova will continue her role as head of the farm.
• Dan Rozenberg, co-founder of 021, will become head of partnerships at Artsdao.

“021 immediately understood the fundamental value of Artsdao and provides the resources necessary for this exciting new chapter,” said Rahim Mahtab, co-founder and acting CEO of Artsdao. “With the support of 021, we can evolve our impact, introduce new offers for our members and continue to consolidate Dubai’s position as a world leader in blockchain and digital culture.”

What is the next step for Artsdao

With the support of 021, Artsdao plans to strengthen its partnerships and extend its range of offers for creators, artists and blockchain enthusiasts. Artsdao has already established a partnership with the main names of the industry, including Ledger, Etihad, BMW, Bybit, Yuga Labs, Mercedes-Benz, Doodles and Chimpers.

The network and strategic resources of 021 should help Artsdao to evolve its influence, introduce new adhesion advantages and position itself at the forefront of blockchain and cultural innovation in the Middle East.