TOWNS (Towns) rose 10.30% in the last 24 hours.

Gate News Bot news, on September 8, according to CoinMarketCap data, TOWNS (Towns) is currently quoted at 0.03 USD, with a 24-hour rise of 10.30%, reaching a high of 0.03 USD and a low of 0.02 USD. The current market capitalization is approximately 59.2 million USD, an increase of 5.53 million USD compared to yesterday.

Towns Protocol is a blockchain communication protocol designed to build, develop, and own digital squares. The platform provides end-to-end encryption, decentralized messaging, programmable spaces, and ownable communication features. Users can create communities with value accumulation, sell exclusive access to group chats, and retain more profits. The core features of the Towns protocol include advanced encryption protection, a distributed stream node network for storing messages, smart contract pricing, and permissions, among others. As of now, Towns has created 393,104 spaces, has 466,644 memberships, generated 7,926 ETH in revenue, and has 330,491 unique space owners.

Important news about TOWNS recently:

1️⃣ Towns Protocol officially launches on-chain platform The Towns protocol has recently officially launched its on-chain platform, setting a new standard for digital communication. This platform integrates blockchain technology with social communication, providing users with a decentralized, secure, and customizable digital community space. This significant milestone marks Towns' transition from the conceptual stage to practical application, and is expected to attract more users and developers to participate.

2️⃣ Towns ecosystem rapid rise The ecosystem of the Towns protocol shows a strong rise trend. Currently, the platform has created over 390,000 spaces, with more than 460,000 memberships, generating an income of 7,926 ETH. These figures reflect the positive acceptance of the digital community solutions provided by Towns, providing strong support for the value of the TOWNS token.

3️⃣ a16z leads $25 million funding round The renowned venture capital firm Andreessen Horowitz (a16z) led a $25 million funding round for Towns. This investment not only provides sufficient development capital for Towns but also demonstrates the optimism of top institutional investors regarding the prospects of the Towns project, which is expected to further enhance market confidence in TOWNS.

From a technical perspective, the price of TOWNS tokens has recently shown a pump trend, with a 24-hour increase of over 10%, reflecting the market's positive expectations for the development of the Towns project. However, investors still need to closely monitor the long-term development of the project and the overall market trend, carefully assessing potential risks.

This message is not to be taken as investment advice; investors should be aware of market volatility risks.