Towns Protocol Transfers Operations to Swiss Foundation, Co-Founders Partially Exit

ChainCatcher report: Towns co-founders Ben and Pat announced that, after five years of building Towns, they have successfully transferred the protocol’s operations to the Towns Foundation based in Switzerland. An experienced new leadership team will continue to steward the protocol, drive its next phase of growth, and will be introduced gradually through official channels. The protocol will continue operating as a decentralized communication protocol, supporting on-chain community ownership, end-to-end encrypted messaging, programmable identity, and native value transfer. Towns has amassed over 1.6 million users and more than 400,000 communities; users earned over $40 million through the protocol in 2025, and the protocol has been listed on multiple major exchanges. It supports real-time messaging, payments, governance, and $TOWNS network incentives. The team emphasized that building a sustainable company and building a protocol present distinct challenges; in light of changing market conditions, they chose to entrust the protocol to the right team for continued development rather than shutting it down. Both parties expressed their enthusiasm for the foundation’s future role in advancing Towns at the intersection of decentralized communication and AI. Pat and Ben will pursue new ventures while continuing to support the transition on a part-time basis, thanking the team, investors, node operators, exchange partners, developers, $TOWNS holders, and community members.