Series B Round

Towns project has successfully completed a $10 million Series B funding round to enhance its Web3 social platform, focusing on decentralized communication and community engagement. The funding will be utilized to expand the platform's features, improve user experience, and increase community outreach. The round was led by prominent investors in the crypto space, including a16z Crypto Startup Accelerator and Coinbase Ventures, both of which are known for supporting innovative blockchain projects. This funding will also support strategic partnerships and marketing initiatives aimed at growing the user base and fostering a vibrant community around the platform.