The same team behind Towns also created River Protocol, which enables transparency, security and decentralization in the new messaging app.
Under growing scrutiny over privacy and content moderation in the social media industry, another blockchain-powered alternative, Towns, launched on Oct. 15.
After raising $25.5 million in a Series A funding round led by Andreessen Horowitz (a16z) in February 2023, Towns officially announced its launch on Tuesday.
Founded by Ben Rubin, who also co-founded the social networking service Houseparty and the Meerkat video streaming app, Towns is setting an ambitious goal to provide a “new standard for digital communication” with blockchain capabilities.
