A16z Leads $25M Round for Web3 Startup Building Online Towns

Towns offers an end-to-end encrypted chat protocol that allows communities to create programmable, self-governed “squares” where users can gather and chat without worrying if the app owner decides to deny access, profit from activities, or switch users. rights. Communities can control settings such as administration, privacy, and roles to create a customized environment that can include rewarding member participation or allowing members to sell non-fungible tokens (NFTs) in chat. Any community can build new clients or application programming interfaces (APIs) on top of the protocol for control and customization.