🔵Social communication protocol Towns completes a $10 million Series B funding round, led by a16z crypto.

According to official news from Towns Protocol on April 11th, DeThings reported that the decentralized communication protocol Towns has announced the completion of a $10 million Series B funding round. This round was 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 that "the future of communication will be on-chain."

Related reading: Understanding the social communication protocol Towns: Comparable to Farcaster, why is it worth a $22.5 million bet from a16z?