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Web3 Social Startup Towns Raises $25.5M Led by Andreessen Horowitz

Web2 was built around the idea of connecting people, and companies like Twitter and Facebook, now Meta, built global empires around this idea. But the connectivity they offered came with a hefty price as users were commoditized to sell ads. Towns, a new project by Here Not There Labs, aims to change that.

The project is centered around the idea of moving messaging on-chain, and today its backers announced a $25.5 million investment led by Andreessen Horowitz.

Others joining Andreessen Horowitz in the Series A funding include Benchmark and Framework Ventures.

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