PANews reported on April 11 that according to Towns Protocol official news, the decentralized communication protocol Towns announced the completion of a $10 million Series B financing, led by a16z crypto, with Coinbase Ventures joining the investment and Benchmark continuing to participate. Towns is committed to building on-chain communication infrastructure and promoting the development of Web3 social and collaboration tools. The project owner said that "the future of communication will move to the chain."
Related reading: Understand the social communication protocol Towns in one article: Benchmarking Farcaster, why is it worth a16z's $22.5 million bet?
