Paragraph Secures $5M Funding and Acquires Mirror: A New Era for Web3 Blogging in the Crypto World
- Web3 publishing startup, Paragraph, has raised $5 million and acquired the blogging platform Mirror.
- The funding round was led by Coinbase Ventures and Union Square Ventures.
- Paragraph will now oversee Mirror’s product, design system, and brand.
Paragraph, a web3 publishing startup, has secured a significant funding round and acquired the blogging platform Mirror, marking a significant development in the crypto publishing space.
Paragraph’s Acquisition of Mirror
Founded in late 2020, Mirror introduced a publishing platform that provided writers with crypto tools including decentralized storage, domains, crowdfunding, and NFT capabilities. The platform was frequently used by companies to publish announcements and blogs. “When I founded Mirror in 2020, I bet on the potential for platforms that merge content with marketplaces of value,” said Mirror founder Denis Nazarov. “I’m excited to see Mirror taken to the next level of onchain publishing under Colin’s leadership.”
Paragraph’s Vision for Onchain Publishing
Paragraph was launched in 2021, designed to enable creators to monetize directly through newsletter subscriptions and on-chain social features, as well as messaging integrations. The platform has expanded its user base within ... Read the full article for FREE at COINOTAG!
