Towns, an on-chain messaging platform co-founded by the creator of video streaming apps Houseparty and Meerkat, launched on Tuesday after raising $25.5 million in their Series A funding round with investors including Andreessen Horowitz, Benchmark and Framework.
The new platform resembles other popular messaging apps like Discord and Slack but puts a unique twist on these well-known competitors. Towns is hosted on a blockchain—on-chain in crypto parlance—and uses the technology to let users create, own and manage their communities.
