Paragraph Raises $5 Million, Acquires Web3 Blogging Platform Mirror

Paragraph, a web3 publishing startup, has secured $5 million and taken over the blogging platform Mirror. According to a recent announcement by Mirror Development, the new funding round was led by Coinbase Ventures and Union Square Ventures. Paragraph is set to assume stewardship of Mirror, including its product, design system, and brand. Paragraph was launched in 2021, designed to enable creators to monetize directly through newsletter subscriptions and on-chain social features, as well as messaging integrations. “With this new partnership and investment from Coinbase Ventures and the Base Ecosystem Fund, we’re thrilled to double down on onchain publishing and help bring even more creators onchain,” said Base CEO Jesse Pollak.

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