Paragraph Rockets with $5M and Mirror Acquisition! Web3 publishing startup Paragraph has just secured a whopping $5 million in funding, spearheaded by
Coinbase Ventures and
Union Square Ventures. But that's not all – they've also taken the reins of the popular
Mirror blogging platform!
Mirror Merges with ParagraphFounded in 2020, Mirror made waves with its crypto-centric publishing tools, empowering writers with decentralized storage, crowdfunding, and NFT capabilities. Now, under Paragraph's guidance, Mirror's product, design system, and brand will reach new heights.
Onchain Publishing PowerhouseLaunched in 2021, Paragraph has been making waves of its own by enabling creators to monetize through newsletters and on-chain social features. With this latest development, founder Colin Armstrong is eager to accelerate their mission and empower even more creators.
Business as Usual for WritersIf you're a writer or publisher on Mirror or Paragraph, fear not! The blog assures that there will be no immediate changes. Your content will remain intact, and you'll still have access to the familiar publishing tools you know and love.
A Future Where Onchain is the NormArmstrong is thrilled to lead his talented team toward a future where onchain technology becomes the standard for content creators worldwide. This partnership marks an exciting step forward in realizing that vision.
With this stellar investment from Coinbase Ventures and the Base Ecosystem Fund, the future of onchain publishing looks brighter than ever. As Base CEO Jesse Pollak puts it: "Let's bring even more creators onchain!"
