Odaily News Towns, an on-chain communication platform supported by a16z, has officially launched. The platform is running the messaging protocol River, which consists of a layer 2 chain compatible with the Ethereum Virtual Machine (EVM), decentralized nodes, and smart contracts deployed on the Base protocol. It is reported that Towns raised $25.5 million in a Series A round led by Andreessen Horowitz (A16z) in February 2023. (Cointelegra)