Web3 social protocol Towns completes $25.5 million financing, led by a16z

ChainCatcher news, the Web3 social protocol Towns has completed a $25.5 million funding round, led by a16z, with participation from Benchmark and Framework Ventures.

It is reported that Towns is a group chat protocol and application designed to create a better "home" for online communities and allows for free communication using end-to-end encryption. The project's vision is to create a digital town square where members can define boundaries, set rules, and build the world they want. (source link)