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 read·
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.
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!
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!
what platform do people write technical blogs on these days? medium? substack? mirror?
Personal website built with astro/ghost, can mirror to medium/substack/paragraph/etc for greater distribution
on mirrors in public bathrooms lately
Personal blogs Or bear
ghost
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.
Point .eth at static website on IPFS. Mirror (owned by Paragraph) https://paragraph.xyz/@blog/paragraph-mirror-fundraise
Web2 ghost Web3 mirror
What's the tldr on the result of Paragraph acquiring Mirror? Will accounts & associated articles be brought over?
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
"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/
&& https://paragraph.xyz/@blog/paragraph-mirror-fundraise
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
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.
Thanks, @danicaswanson! I've always really appreciated your support!
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.
Wooow triple liking this. That's awesome!!!
Right?!? I'm so excited. From the blog post: “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.” 😍 https://paragraph.xyz/@blog/paragraph-mirror-fundraise?referrer=danicaswanson.eth
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
🥳
Congrats Colin and everyone involved. Looking forward to the avengers powered publishing tool. Have a great farcon!
Huge behaviour! Massive congratulations Colin 🎉🎉
This is 🔥
HUGE. This is a big W.
congrats, well deserved, paragraph is one of the best web3 products around :)
wow! congratulations 👏 that's huge! I was torn between mirror and paragraph for a while, eventually deciding on paragraph for a lot of the reasons we've talked about over the last few months, but I think this will truly enable seamless onchain publication looking forward to seeing how it goes!
wow, couldn't be happier!! one of my fav consumer platforms joining forcers. This is amazing, congrats to both of you @colin and @literature
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!
Congratulations 🎉