A16z crypto leads Towns' $25.5 million Series A raise, hoping to shake up the online community experience, which is 'owned by landlords who are not us.'
, which is co-founded by two startup veterans Ben Rubin, who co-founded Houseparty and Meerkat, and Brian Meek, who was the chief technology officer at Strivr Labs and a former GM of engineering at Skype.The protocol is Ethereum-based and uses programmable smart contracts to control administration, privacy and roles within each town square, the company said.
The Towns network itself is an end-to-end encrypted near real-time communication system powered by a distributed proof-of-stake network of nodes, the company said.
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