Join the Web3 revolution with Community Labs' $35M AO Ventures accelerator for Arweave projects. Access funding, mentorship, and pitch to VCs in a 10-week program starting April 23. Explore how AO Computer and Arweave tackle data impermanence, scalability, and more.
Community Labs, a company specializing in Web3 software development, is set to launch a 10-week incubator program called AO Ventures, focusing on the Arweave ecosystem, with an initial investment of $35 million., aims to support projects within the decentralized storage network by providing access to funding, mentorship, and technical workshops.
The AO Computer is highlighted for its ability to address common vulnerabilities found in centralized systems, such as data breaches and censorship, by facilitating parallel processing. This feature enables the support of numerous processes running simultaneously, enhancing scalability. Arweave’s token, AR, has gained over 250% in the past year as part of the ongoing bull market, although the token is still well below its 2021 all-time highs. Last December, an unofficial Arweave forking planafter its prominent layer-2 network Irys proposed to “drop the data set and reset the token supply.”
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