I. The Dawn of Web3 Social: From “Walled Gardens” to “Open Squares” In an era where Web2 social giants monopolize user data and algorithmic recommendations dominate traffic distribution, the Web3 protocol Towns Protocol, backed by a $61 million lead investment from a16z, is making a strong entry as a “decentralized town square.” This project, dubbed the “Discord slayer,” not only carries the strategic bet of top-tier venture capital on the Web3 social track but also has the potential to resha...
