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TOWNS (Towns Protocol) is Binance's latest decentralized social protocol project, aimed at building a new community communication platform for the Web3 era. The project is developed by Here Not There Labs (HNT Labs), with a core team from well-known companies like Houseparty, Skype, and Microsoft, possessing extensive experience in social products. TOWNS combines on-chain member verification, end-to-end encrypted chat, and programmable community spaces, being hailed as 'the Discord of Web3.'
Core Functions and Features
Decentralized Group Chat Protocol:
On-chain Ownership: Ownership of each community (called 'Towns') is stored on-chain and supports transfer, sale, or DAO/multi-signature holding.