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Towns app is a decentralized, programmable messaging protocol built on Base, offering ownable on-chain communication Spaces with encrypted messages, customizable access, and native memberships. The $TOWNS coin powers delegation to Node Operators, Space address assignment, and protocol governance.
On February 23rd, 2023, Towns crypto project raised $25.5M in its Series A funding Round led by Andreessen Horowitz, according to Decrypt.