Towns Protocol Raises $3.3M Public Sale, Totaling $64M+ for Web3 Communication

June 10, 2025 – Towns Protocol, the pioneering decentralized communication protocol and application, today announced the successful completion of its $3.3 million Public Sale funding round. This latest capital infusion, led by Base Ecosystem Fund (powered by Coinbase Ventures) and echo, brings Towns Protocol’s cumulative funding to an impressive over $64 million, solidifying its position at the forefront of Web3 social infrastructure.

The Public Sale follows a series of highly successful funding rounds, including a $10 million Series B in April 2025 led by a16z crypto with participation from Coinbase Ventures and Benchmark, and two $25.5 million Series A rounds in October 2024 and February 2023. This strong and consistent backing from leading venture capitalists and individual investors underscores the critical need for truly owned and governed digital communication platforms.

Towns Protocol is building the fundamental infrastructure for communities to create, own, and govern their digital town squares. In an era where centralized platforms often control user data and dictate terms, Towns offers a paradigm shift, empowering users with complete control over their data, privacy, and engagement policies.

"Towns’ goal is ambitious: to secure freedom of communication for a sustainable permissionless future," states the Towns Protocol vision. "We aim to foster an era of digital social that is both user-centric and community-driven, leveraging blockchain technology to ensure trust and security."

The Towns Stack: Redefining Digital Communication:

At its core, Towns Protocol leverages a robust architecture built on Ethereum-based smart contracts deployed on Base, an EVM-compatible Layer 2 chain. Key technological differentiators include:

End-to-End Encrypted Messaging: Ensuring secure, private communication between sender and intended recipients.

Decentralized Messaging: Messages are stored on a network of distributed stream nodes, a first-of-its-kind approach that ensures censorship resistance and data ownership.

Programmable Spaces: Communities can deploy spaces on-chain with customizable rules for access, monetization, and governance, integrating with any external EVM-compatible contract.

Immutable On-Chain Memberships: Users hold valid membership tokens, enabling communities to sell exclusive access to group chats, gate content by tokens or NFTs, and establish persistent, on-chain identities.

Ownable Communication: Space creators retain complete control over their data, privacy, and engagement policies, keeping more of what they earn.

Proven Impact and Growing Ecosystem:

Towns Protocol is already demonstrating significant real-world adoption and impact. The platform boasts:

353,875 Spaces Created

1,169,239 Memberships

7,032 ETH in Revenue Generated

297,421 Unique Space Owners

These metrics highlight the vibrant ecosystem forming around Towns, where creators are building diverse communities, from exclusive artist colonies and broadcast towns for trading signals to private galleries and token-gated groups. The Towns app, "The Blockchain Messenger," provides a familiar and intuitive interface for users to engage with these decentralized spaces.

The new funding will be instrumental in accelerating product development, expanding the Towns Protocol ecosystem, and scaling its operations to meet the growing demand for decentralized social infrastructure. Towns Protocol is poised to lead the charge in building a more open, secure, and user-owned internet.

About Towns Protocol:

Towns Protocol is a decentralized communication protocol and application designed to empower communities to build, own, and govern their digital town squares. Leveraging Ethereum-based smart contracts on Base, it offers end-to-end encrypted messaging, decentralized storage via distributed stream nodes, and programmable spaces that allow for customizable access, monetization, and governance.