We've Raised $5m & We're Joining Forces with Mirror

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We've Raised $5m & We're Joining Forces with Mirror

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We've Raised $5m & We're Joining Forces with Mirror

Announcing our new fundraise and unveiling a new chapter with Mirror.

Colin Armstrong

1 min readĀ·May 2, 2024

Today, we're thrilled to share some exciting news:

  • Paragraph will be taking ownership of the Mirror product

  • We've raised $5m from Union Square Ventures & Coinbase Ventures

A New Chapter with Mirror

Both Mirror and Paragraph have always shared a common goal: to empower creators with the tools needed to own direct relationships with their audiences, and to unlock powerful new monetization & distribution models. Now that Paragraph is uniting with Mirror, we'll be positioned to accelerate our mission and expand our support to an even wider array of creators.

I'll continue to be CEO, and Denis Nazarov, the founder of Mirror, will remain as an advisor.

In the nearterm, publishing on both Mirror and Paragraph will continue as usual. We'll be spending the next several months having conversations with creators to determine what a single great choice for onchain publishing might look like.

Our $5m Fundraise

We're also excited to announce that we've raised $5m, led by Union Square Ventures with participation from Coinbase Ventures. Fred Wilson, Nick Grossman and the rest of the USV team have been thinking about the intersection of publishing & digital ownership for as long as anyone and we're thrilled to not only partner with them, but to also welcome their newsletters to Paragraph.

And, with support from industry leaders like Coinbase and Base, we'll ensure that publishing onchain is as seamless & accessible as possible.

Hiring

Finally, if any of this sounds exciting for you, we're hiring across engineering, design, & growth roles: https://paragraph.xyz/careers.

Read the corresponding announcement on the Mirror blog.

Collect this post as an NFT.

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Fenrir Crypto
Commented 10 months ago

Big news! We first tried setting up a Mirror profile but publishing on it didn't seem to work as we experiences some bugs. But then we found Paragraph which worked flawlessly and has even more options like refering other newsletters for example. We never looked back! Now, the fact that the 2 biggest Web3 publishing platforms are joining forces is great for the industry. Congrats!

silhom.eth
Commented 1 year ago

Great news, Congratulations! I have been using Paragraph extensively for the past month and would really love if I could publish my newsletter on both platforms in a single click!

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emo.eth
Commented 2 months ago

what platform do people write technical blogs on these days? medium? substack? mirror?

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phil
Commented 2 months ago

ghost

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Steve
Commented 2 months ago

Personal website built with astro/ghost, can mirror to medium/substack/paragraph/etc for greater distribution

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jtgi
Commented 2 months ago

on mirrors in public bathrooms lately

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0xmons āœļø
Commented 2 months ago

Personal blogs Or bear

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Andrew B Coathup
Commented 2 months ago

Point .eth at static website on IPFS. Mirror (owned by Paragraph) https://paragraph.xyz/@blog/paragraph-mirror-fundraise

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Reid DeRamus
Commented 2 months ago

Let us know if you'd be interested in checking out Paragraph / Mirror. We have some valuable integrations w/ Farcaster if you're planning to share your writing here.

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Mayday.degen šŸŽ©
Commented 2 months ago

Web2 ghost Web3 mirror

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Matt
Commented 1 year ago

What's the tldr on the result of Paragraph acquiring Mirror? Will accounts & associated articles be brought over?

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ciefa 🐌 eth/acc
Commented 1 year ago

They will merge at some point, they haven't publicly announced when though. Mirror and Paragraph for now will stay separate companies, Mirror focuses on working on an ecommerce focused Farcaster client called Kiosk. Please correct me if I'm wrong @paragraph @colin 1/2

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ciefa 🐌 eth/acc
Commented 1 year ago

"Mirror and Paragraph will eventually merge into a single, unified product suite according to Paragraph's founder." https://www.coindesk.com/tech/2024/05/02/web3-publishing-platform-mirror-sells-to-paragraph-pivots-to-social-app-kiosk/

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ciefa 🐌 eth/acc
Commented 1 year ago

&& https://paragraph.xyz/@blog/paragraph-mirror-fundraise

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Colin
Commented 1 year ago

Hoping to share more on this soon, but tldr is: - we want to build a single great onchain writing product - accounts/content will be migrated seamlessly - editing, minting, creating should all be very familiar

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Danica Swanson
Commented 1 year ago

How do I super-10x-like this exciting announcement?!?! This is big news for the future of writing and publishing, in web3 and beyond. We're lucky to be here at such a pivotal time.

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Colin
Commented 1 year ago

Thanks, @danicaswanson! I've always really appreciated your support!

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Danica Swanson
Commented 1 year ago

Richly deserved, @colin. As you know, I've worked in publishing + editorial for decades, and there's a long list of pain points. Paragraph is opening possibilities for writers of the sort I've always wished for, but didn't believe I'd see in my lifetime. Wishing you and the whole Paragraph community much success.

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Naomi
Commented 1 year ago

Wooow triple liking this. That's awesome!!!

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Danica Swanson
Commented 1 year ago

Right?!? I'm so excited. From the blog post: ā€œWe'll be spending the next several months having conversations with creators to determine what a single great choice for onchain publishing might look like.ā€ šŸ˜ https://paragraph.xyz/@blog/paragraph-mirror-fundraise?referrer=danicaswanson.eth

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Colin
Commented 1 year ago

Very excited to kick off FarCon with two large announcements: - Paragraph is taking ownership of the Mirror product - We’ve raised $5m from USV and Coinbase Ventures https://paragraph.xyz/@blog/paragraph-mirror-fundraise

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Gramajo
Commented 1 year ago

Congrats Colin and everyone involved. Looking forward to the avengers powered publishing tool. Have a great farcon!

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Matthew Fox 🌐
Commented 1 year ago

Huge behaviour! Massive congratulations Colin šŸŽ‰šŸŽ‰

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Kyle Patrick
Commented 1 year ago

HUGE. This is a big W.

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cyrus
Commented 1 year ago

congrats, well deserved, paragraph is one of the best web3 products around :)

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tomu
Commented 1 year ago

wow, couldn't be happier!! one of my fav consumer platforms joining forcers. This is amazing, congrats to both of you @colin and @literature

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Ghostlinkz
Commented 1 year ago

This is a big surprise. I’m assuming it means that both platforms will eventually merge? Very curious to see where we go from here. Congrats!

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Joseph Maggio
Commented 1 year ago

Congratulations šŸŽ‰

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max ↑
Commented 1 year ago

Congrats, Colin and the team!

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Carlos PRO
Commented 1 year ago

congrats. Huge!

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kugusha šŸ¦‹
Commented 1 year ago

wow what a move! šŸ‘

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