According to Foresight News, Tate Berenbaum has initiated a 10-week incubator program, AO Ventures, to promote the development of Arweave and AO.
In a previous report from September 2022, Foresight News revealed that Community Labs, a software company and venture studio aimed at supporting Arweave ecosystem projects, had completed a $30 million funding round. The round was led by Lightspeed Venture Partners, with participation from Arweave, Bain Capital Crypto, and Blockchain Capital. The founder of the company, Tate Berenbaum, is only 19 years old.