On June 10th, according to official sources, the communication platform Towns Protocol completed an additional $3.3 million in financing, led by Coinbase Ventures and echo. The financing was completed in April of this year.

In April of this year, Towns Protocol announced the completion of a $10 million Series B financing 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 collaborative 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. Users will become the owners of the digital town square.