Community Labs Founders Launch Incubator Program AO Ventures to Advance Arweave and AO

ChainCatcher news, Tate Berenbaum, founder of crypto startup Community Labs, launched AO Ventures, a 10-week incubator program dedicated to promoting the development of Arweave and AO.

The program will begin in April, with a Demo Day in June, it said. More than $35 million has been committed to the investment pool.

It is reported that the Arweave network is used for "persistent information storage", while AO is described as a "hyper-parallel computer" whose core goal is to "combine the benefits of trust minimization with the speed of traditional computing environments."