Although Web3 technology is developing rapidly, users still commonly use traditional Web2 platforms for social networking. This leaves plenty of room for imagination in the development of Web3 social networking. From the perspective of Web3 user needs, Web2 social networking software has many limitations: either it is difficult to integrate native incentive mechanisms, or it cannot meet users' customization needs, and most of the data on the platform is stored in a centralized manner, making it difficult to protect user privacy. Against this backdrop, Towns Protocol, which announced its funding this round, is committed to building a customizable, privacy-controlled Web3 social platform.

The latest topic in the "Decoding Funded Projects" column launched by @Web3Caff_Res, entitled "a16z and Other Institutions Bet Over $30M, Will Web3 Social App Towns Be a Strong Opponent to Discord?" will provide PRO subscribers with in-depth analysis and commentary 🔻

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