Community Labs founder launches AO Ventures to invest $35 million to promote the development of Arweave and AO

According to BlockBeats, on April 11, 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 start in April and hold a Demo Day in June. More than $35 million in funds have been committed to the investment pool. It is reported that Arweave (AR) is a decentralized storage project, and AO is a hyper-parallel computing project based on Arweave.