Arts DAO, the largest Web3 and NFT community in the Middle East, said Monday it has partnered with the region’s first NFT artist, the award-winning Kristel Bechara, to create its debut NFT drop, The Ethernal Gates.
Launching on June 5, the community’s NFT collection will feature 2,000 NFTs and prices will start from 0.49 ETH ($1,000).
Purchasing an Ethernal Gate NFT will serve as a membership to Arts DAO, which is led by a committee of NFT experts who curate and invest in a diversified portfolio of NFTs such as Bored Ape Yacht Club and RTFKT Studios’ Clone X collection, Arts DAO said in a statement.
Anas Bhurtun, Co-Founder and CEO, Arts DAO said: “The UAE is home to one of the strongest and biggest NFT communities in the world thanks to Dubai positioning itself as a crypto hub and attracting a lot of young, like-minded people who are passionate about Web3.”
“Launching the Ethernal Gates NFTs will give investors an opportunity to expand their portfolio, as well as giving Arts DAO the opportunity to collect and fund NFT projects in the Middle East,” Bhurtun said.
He said Arts DAO members will be part of a collective treasury which will deploy Ethereum on behalf of members into a portfolio of blue chip and emerging NFT collections, as well as backing passionate founders building in the NFT space across art, gaming, collectibles and the metaverse space.
The Ethernal Gates collection is a set of generative art pieces, meaning that the art is composed of a number of artistic traits which are randomly assembled together, making every piece of art totally different and unique, the statement added.
Arts DAO is registered with the Dubai Multi Commodities Centre (DMCC).
