Thesis-led venture studio 021 has acquired a controlling stake in ArtsDAO, the Middle East’s largest Web3 community, in a strategic move to expand its presence in Dubai’s blockchain ecosystem.
The acquisition positions 021 to leverage ArtsDAO’s influence in the region and contribute to Dubai’s growing status as a global Web3 hub, according to a press release sent to crypto.news.
Founded to bridge the gap between art, culture, and blockchain technology, ArtsDAO has grown into a thriving community of over 1,500 members. It maintains a 40,000-subscriber newsletter and a 300,000-strong social media following. The collective is also known for organizing ArtsDAO Fest, which attracted 4,000 attendees, and was featured in an Amazon Prime documentary about Web3 builders.
Strategic expansion
The acquisition reflects 021’s broader strategy of investing in community-driven ventures that combine culture and blockchain technology.
“The acquisition aligns with 021’s broader thesis around the future of communities and membership networks. A portion of our portfolio is dedicated to building culturally relevant, community-driven ventures,” said Nigel Van Broekhoven, founder of 021.
021 has been busy expanding its footprint in lifestyle and membership-based ventures. In 2024, it launched Midnight Club, a private members’ collective for market-leading founders, investors, and culture curators. Midnight Club hosted events in Miami, Singapore, Ibiza, and Dubai and is co-building an on-chain car marketplace with Luxury Rally Club to connect over 4,000 car collectors.
“ArtsDAO has built an unparalleled Web3 community in the Middle East, and we see incredible opportunities in scaling its vision further,” said Charles Plenet de Badts, executive chairman of 021 and newly appointed chairman of ArtsDAO. “UAE’s prominence as a global Web3 hub is growing rapidly, and ArtsDAO, as the regional leader, was the logical choice for 021 to capture and contribute to that momentum.”
ArtsDAO leadership shifts
Following the acquisition, ArtsDAO’s leadership will see key changes:
- Charles Plenet de Badts will serve as chairman of ArtsDAO.
- Danosch Zanedi, co-founder of ArtsDAO, will step down as CEO to become vice-chairman and will also join The Block as CEO.
- Rahim Mahtab, co-founder of ArtsDAO, is appointed president and interim CEO.
- Maria Sultanova will continue in her role as chief operating officer.
- Dan Rozenberg, co-founder of 021, will become head of partnerships at ArtsDAO.
“021 immediately understood the core value of ArtsDAO and is bringing the resources needed for this exciting new chapter,” said Rahim Mahtab, co-founder and interim CEO of ArtsDAO. “With 021’s backing, we can scale our impact, introduce new offerings for our members, and continue to solidify Dubai’s position as a global leader in blockchain and digital culture.”
What’s next for ArtsDAO
With 021’s backing, ArtsDAO plans to strengthen its partnerships and expand its range of offerings for creators, artists, and blockchain enthusiasts. ArtsDAO has previously partnered with major industry names, including Ledger, Etihad, BMW, Bybit, Yuga Labs, Mercedes-Benz, Doodles, and Chimpers.
021’s network and strategic resources are expected to help ArtsDAO scale its influence, introduce new membership benefits, and position itself at the forefront of blockchain and cultural innovation in the Middle East.
