021 Acquires ArtsDAO to Boost Dubai’s Web3 Presence
Thesis-led venture studio 021 has taken a controlling stake in ArtsDAO, the Middle East’s largest Web3 community. This move aims to expand 021’s influence in Dubai’s blockchain scene.
ArtsDAO connects art, culture, and blockchain. It boasts 800 members, a 40,000-subscriber newsletter, and a 300,000-strong social media following. the community also organizes artsdao Fest, which drew 4,000 attendees and was featured in an Amazon Prime documentary.
ArtsDAO’s acquisition positions 021 to tap into the region’s growing Web3 ecosystem. The community has a thriving membership and a strong online presence. The deal aligns with 021’s strategy of investing in culture-driven blockchain projects. It will help Dubai become a global Web3 hub.
ArtsDAO’s influence in the Middle East makes it a strategic fit for 021. The studio plans to leverage ArtsDAO’s reach to enhance Dubai’s status as a Web3 hub. The acquisition supports 021’s goal of backing community-driven ventures. ArtsDAO’s leadership will change. Charles Plenet de Badts, 021’s executive chairman, will lead ArtsDAO. Danosch Zanedi, co-founder, will step down as CEO but stay as vice-chairman. Rahim Mahtab, co-founder, will become president and interim CEO.
ArtsDAO’s leadership will shift. Charles Plenet de Badts will be chairman. Rahim Mahtab will be president and interim CEO. Maria Sultanova will stay as COO.Dan Rozenberg will be head of partnerships.
ArtsDAO plans to expand its partnerships and offerings. It has worked with brands like Ledger, Etihad, and BMW. 021’s backing will help ArtsDAO grow its influence and introduce new membership benefits.
