Communications platform Towns Protocol raises $3.3 million in additional funding, led by Coinbase Ventures and Echo

On June 10th, according to official sources, communication platform Towns Protocol raised an additional $3.3 million in funding, led by Coinbase Ventures and Echo. In April of this year, Towns Protocol announced the completion of a $10 million Series B funding round led by a16z crypto, with participation from Coinbase Ventures, Benchmark, and others. Towns Protocol is built on the Base network and aims to promote the development of Web3 social and collaboration tools. Towns hopes to create a digital town square through decentralization and Web3, where members can define boundaries, establish rules, and build the world they want, and users will become the owners of the digital town square.