ChainCatcher news, the social protocol Towns Protocol, with a total funding amount of up to $35.5 million, announced on X that it will launch the TOWNS token in the second quarter of 2025. The total supply of TOWNS is 10 billion, with an initial airdrop ratio of 10%.Previously, Towns Protocol completed a $25.5 million Series A funding round in February 2023, led by a16z, with participation from Benchmark, Framework Ventures, and others; earlier this month, Towns Protocol announced the completion of a $10 million Series B funding round, also led by a16z, with participation from Coinbase Ventures, Benchmark, and others.

ChainCatcher news, according to official news from Towns Protocol, the Web3 social protocol Towns Protocol has completed a $10 million Series B funding round, led by a16zcrypto, with participation from Coinbase Ventures and Benchmark.Earlier news, Towns Protocol developer Here Not There Labs completed a $25.5 million funding round in February 2023, led by a16z.

ChainCatcher news, according to the official news from Towns Protocol, the decentralized communication protocol Towns has announced the completion of a $10 million Series B funding round, led by a16z crypto, with new investment from Coinbase Ventures, and continued participation from Benchmark. Towns is committed to building on-chain communication infrastructure to promote the development of Web3 social and collaboration tools. The project team stated, "The future of communication will move on-chain."

ChainCatcher news, the on-chain communication platform Towns has officially launched. The platform previously raised $25.5 million in a Series A funding round led by Andreessen Horowitz (A16z) in February 2023.Towns was founded by Ben Rubin, co-founder of the social network Houseparty and the video streaming app Meerkat, with the aim of providing a "new standard for digital communication" with blockchain capabilities.The platform is built on the River messaging protocol and consists of an EVM-compatible Layer 2 chain, decentralized nodes, and smart contracts deployed on the Base protocol. It is understood that the Towns team launched the River protocol in May 2023.

ChainCatcher news, according to Blockworks, the Polish town of Mińsk Mazowiecki is launching a stablecoin called MinsCoin, which users can spend at local businesses. Additionally, the USDC-backed stablecoin platform UrbanChange is launching simultaneously. UrbanChange states that this currency is a "convenient currency for shoppers" and will circulate locally in Mińsk Mazowiecki.UrbanChange co-founder Michael Mazur revealed that up to 10 businesses in Mińsk Mazowiecki will support MinsCoin at its launch, and he expects "more" businesses to join in the future.

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)