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Communication platform Towns Protocol completes an additional financing round of 3.30 million USD, led by Coinbase Ventures and echo

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#Fundraising
ChainCatcher
413Words
Jun 10, 2025

According to ChainCatcher, the communication platform Towns Protocol has completed an additional $3.30 million in financing. This round was led by Coinbase Ventures and echo, and the financing was completed in April this year. In April this year, Towns Protocol announced the completion of a $10 million Series B financing round, led by a16z crypto, with participation from Coinbase Ventures, Benchmark, and others. Towns Protocol is built on the Base network and aims to promote the development of Web3 social and collaboration tools. Towns hopes to create a digital town square through decentralization and Web3, where members can define boundaries, set rules, and build the world they want. Users will become the owners of the digital town square.

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