Houseparty co-founder raises $25.5 million for Ethereum 'town | Crypto World Analysis

Houseparty co-founder raises $25.5 million for Ethereum 'town square' protocol

Here Not There (HNT) Lab's latest offering Towns closed a $25.5 million round to help online communities build better digital town squares. The startup is building a protocol and app that aims to enable better digital town squares. Over the past decade, the digital town squares where we’ve gathered online.

The protocol is Ethereum-based and uses programmable smart contracts to control administration, privacy and roles within each town square, the company said. Communities can build new clients and APIs on top of the protocol and will be in charge of writing their own rules for moderation and monetization. A16z crypto led the Series A round for the group chat protocol and app. Previous investors in Towns include Benchmark and Framework, said the company in the post.

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