Towns Protocol Governance Transferred to Swiss Foundation

This is a governance handoff, not a product event, and it matters because it shifts who ultimately controls the protocol's direction. A Swiss foundation structure is the standard vehicle for projects seeking legal clarity while claiming credible neutrality, so the significance lies less in the jurisdiction than in the co-founders' reduced roles. The open question is whether community governance becomes substantive or remains nominal, and how the foundation's mandate is actually exercised.