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Bybit supports Art Dubai 2022’s inaugural digital section in the Metaverse

Bybit supports Art Dubai 2022’s inaugural digital section in the Metaverse

Bybit, the world’s fastest-growing cryptocurrency exchange, is proud to support the Madinat Jumeirah’s digital art chapter of Art Dubai 2022.

After a three-year hiatus, the global platform for artistic expressions from the Middle East and the Global South returns in its 15th edition, its most ambitious and extensive to yet, to empower creatives in the digital arena.

Bybit is the Lead Partner of Art Dubai Digital, a new part of the renowned art exhibition aimed at bridging the gap between the fast growing crypto-sphere and the global art market.

In the midst of our current paradigm shift, Bybit and Art Dubai meet at the crossroads of digital art forms and human creativity.

With roots in digital creativity dating back to the 1980s, artists and creatives are no strangers to digital advancements and the blurring of barriers between dreams and realities.

The global pandemic has sped up the creation of new worlds and the formation of new artistic communities in the digital realm.

The new Art Dubai Digital department brings art forms that defy conventional boundaries to life. The digital sector, which features 17 presentations from both traditional and digitally native galleries, gives a voice to emerging artists and market participants, many of whom are attending their first international art fair.

Bybit and Art Dubai meet at the confluence of digital art forms and human creativity in the midst of our present paradigm transition.

Artists and creatives who have roots in digital innovation dating back to the 1980s are no strangers to technological breakthroughs and the blurring of lines between aspirations and realities.

In the digital arena, the worldwide pandemic has accelerated the emergence of new worlds and the formation of new artistic communities.

The new Art Dubai Digital department brings to life art forms that transcend convention. The digital sector, which includes 17 presentations from traditional and digitally native galleries, gives emerging artists and market participants a voice, with many of them attending their first international art fair.

The current craze for digital art reflects the post-pandemic mindset of confused realities. The Bybit NFT Marketplace is an integrated one-stop shop enabling artists, makers, and collectors to create, sell, and trade on the Ethereum ERC-721 standard through their spot accounts, giving collectors of all knowledge and skill levels access to the instruments of digital ownership.

“Art Dubai’s admirable work in elevating talent to the global stage, particularly with artists from underrepresented regions, echoes Bybit’s endeavor to democratize next level trading for the broader public. NFTs are one of the new tools to reinvent and rewire the art market, and a new generation of artists and art patrons are drawn to a new parallel world that rewards authenticity and the imaginative minds.” Igneus Terrenus, Head of Communications at Bybit.

“Progressive policymaking and regulatory clarity emphatically signal Dubai’s intention to be a leading architect of the global financial system, and reinforce its economic and technological competitiveness in the emerging digital asset class. The Dubai Virtual Asset Regulation Law will help assuage the doubts from crypto-curious investors, and ensure both investor protection and the healthy development of the industry. This also gives an edge to responsible, longterm-thinking players like Bybit” Igneus Terrenus

“There are two important legs in the projects. We have galleries from the physical world and galleries that only exist in the metaverse. And to complement these and help understand what they’re going to be showcasing, we have one of the most exciting educational programs today, among them is Bybit Talks by Bybit, the sponsor of the digital section, and the Global Art Forum” Pablo del Val, Artistic Director of Art Dubai at the opening address.

“In the last two years, the 3D world lost approximately half a dimension. At the same time, new multiple dimensions have been discovered online. We are now extensions of our devices and this changes everything. It’s the kind of paradigm shift that civilization sees every few 100 years. We’ve been going through these changes arguably for the last 30 years and now in a more and more accelerated manner, evidenced in the mainstreaming of crypto, blockchain technologies and NFTs over just the last year. In the two and a half dimension, digital artifacts and crypto economies are as real or unreal as anything else. And there’s such rapid growth in digital platforms, it’s often difficult to keep track even for seasoned insiders. So the Bybit talks will explore the unknown past and the possible futures of NFT, how our ideas and experiences of media buy change with decentralized institutions, and what kind of values beyond merely the monetary is at stake with these new technologies” Shumon Basar, Commissioner, Global Art Forum.

About Bybit

Bybit is a cryptocurrency exchange established in March 2018 to offer a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service, and multilingual community support. The company provides innovative online spot and derivatives trading services, mining and staking products, as well as API support, to retail and institutional clients around the world, and strives to be the most reliable exchange for the emerging digital asset class. Bybit is the proud partner of Formula One racing team Oracle Red Bull Racing, esports teams like NAVI, Alliance, Astralis, and; German soccer club Borussia Dortmund and Japanese soccer club Avispa Fukuoka.

About Art Dubai

Founded in 2007, Art Dubai is the premier platform to see and buy modern and contemporary art from the Global South. Featuring Contemporary, Modern, and Digital gallery sections, annual artist commissions, and year-round collector and education programmes, Art Dubai champions art and artists from across the Global South, providing a relevant and increasingly important alternative to mainstream, largely Western-led narratives.

Art Dubai is held in partnership with A.R.M. Holding. The fair is sponsored by the leading Swiss wealth management group, Julius Baer. The Dubai Culture & Arts Authority (Dubai Culture) is the fair’s strategic partner. Bybit is the lead partner of Art Dubai Digital.

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