Community Labs is set to launch AO Ventures, a 10-week incubator program for the Arweave (AR) ecosystem, with a $35 million investment. Starting April 23, the program will support decentralized storage network projects through funding, mentorship, and technical workshops. Backed by venture capitalists like Factor and Distributed Global, the program will offer selected Web3 entrepreneurs the chance to engage with industry veterans and pitch their projects to top VCs. The program is open to all projects using the AO Computer, a decentralized computing service that leverages the Arweave blockchain. Arweave's AR token has gained over 250% in the past year.