Web3 publishing startup Paragraph has obtained $5 million in funding and acquired Mirror to revolutionize the crypto blogging sphere, with Coinbase Ventures and Union Square Ventures spearheading the investment.
Paragraph has raised $5 million in a funding round with investments from Union Square Ventures and Coinbase Ventures, and has also acquired the web3 blogging platform Mirror.
Mirror, a protocol for Ethereum-based blogging, is shifting towards social media with a new Farcaster-based app named Kiosk. Meanwhile, Paragraph will assume control of Mirror. Together, they've secured $15 million in funding.
Paragraph secured $5 million investment from USV and Coinbase Ventures, and plans to acquire web3 blogging platform Mirror without immediate changes for users.
Web3 publishing platform Mirror has been acquired by rival Paragraph, shifting its focus toward developing a social media app called 'Kiosk' while remaining an independent entity.
