Web3 content publishing platform Paragraph raises $5 million, USV and Coinbase Ventures participate
2024-05-03 00:37
Odaily News In addition to acquiring the Web3 content publishing platform Mirror, the Web3 content publishing platform Paragraph also announced the completion of a $5 million financing round, with participation from Union Square Ventures (USV) and Coinbase Ventures. Paragraph founder Colin Armstrong will serve as CEO, and Mirror founder Denis Nazarov will serve as an advisor. In October 2022, Paragraph announced the completion of a $1.7 million financing round, led by Lemniscap, with participation from FTX Ventures, Binance Labs, GCR and Seed Club Ventures. (The Block) Yesterday, it was reported that Mirror was acquired by Paragraph. The Mirror team will continue to operate independently and will shift its focus to the development of "Kiosk", a Farcaster-based Web3 social application that integrates blockchain and e-commerce. The founder of Paragraph said that Mirror and Paragraph will eventually merge into a unified product suite.
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