Nikolas Sargeant
As announced by Mirror Development, the funding round was spearheaded by Coinbase Ventures and Union Square Ventures. Paragraph is poised to take over the reins of Mirror, encompassing its product, design system, and brand.
Established in late 2020, Mirror introduced a pioneering publishing platform empowering writers with crypto tools such as decentralized storage, domains, crowdfunding, and NFT capabilities. It served as a preferred choice for companies to disseminate announcements and blogs.
Denis Nazarov, the founder of Mirror, remarked, “When I founded Mirror in 2020, I envisioned platforms merging content with value marketplaces. I’m eager to witness Mirror's evolution in onchain publishing under Colin’s leadership.”
Launched in 2021, Paragraph was crafted to empower creators to monetize directly through newsletter subscriptions, on-chain social features, and messaging integrations. It has seen an upsurge in its user base within the Farcaster community.
Colin Armstrong, the founder of Paragraph, expressed, “We’ve assisted numerous creators in cultivating direct connections with their audience, and with this exciting development, we aim to expedite our mission and assist millions more.”
Armstrong further added, “I'm excited to guide our proficient team towards a future where onchain technology becomes the standard for content creators worldwide.”
No Immediate Changes for Writers and Publishers
The blog also assured writers and publishers utilizing Mirror and Paragraph that there will be no immediate alterations. Their content will remain intact, and they will retain access to the existing publishing tools.
Jesse Pollak, CEO of Base, commented, “With this new partnership and investment from Coinbase Ventures and the Base Ecosystem Fund, we’re thrilled to intensify our focus on onchain publishing and attract even more creators onboard.”
