Web3 publishing platform Paragraph raises $1.7 million: Exclusive
Web3 publishing platform Paragraph has raised $1.7 million in a pre-seed funding round led by Lemniscap. Other investors in the round include FTX Ventures, Binance Labs, GCR and Seed Club Ventures, according to a company release. Founded by Colin Armstrong in 2021, Paragraph is a publishing platform that helps web3 writers, DAOs and NFT communities monetize. Paragraph aims to challenge legacy publishing giants by offering web3 tools for content creation. Instead of paid subscriptions on a web2 newsletter platform, such as Substack, Paragraph enables content creators and community builders to manage their audience through memberships using either NFTs or ERC-20 tokens.
Source
https://t.me/DApps_Web3
