Incubator AOVentures invests 35 million in Arweave development
Tate Berenbaum, who previously raised $30 million for cryptocurrency startup Community Labs, has launched AO Ventures, a 10-week incubator program dedicated to the growth of Arweave and AO. According to its website, "More than $35 million has been committed to the investment pool. The program will launch in April and conclude with a demo day in June." AO is described on the Community Lab website as a "hyperparallel computer" , whose core goal is to "combine the benefits of trust minimization with speed and traditional computing environments." The Arweave website says the network is used for "permanent information storage"
Release time
2024-04-11 10:46:16