Mirror, the Ethereum-based publishing tool, will soon be shutting down, with all writers and content transitioning to Paragraph. This move comes following Paragraph’s acquisition of Mirror in 2024 and a successful $5 million raise from Union Square Ventures and Coinbase Ventures.
The announcement of the transition was made by Colin Armstrong and Reid DeRamus, contributors to both Mirror and Paragraph. It was revealed that all Mirror blogs, posts, and subscriber data will be seamlessly redirected to Paragraph, requiring no action from creators. This integration is expected to streamline the product roadmap and consolidate publishing infrastructure for a more efficient platform.
One of the key features that will be carried over from Mirror to Paragraph is the ability for readers to support creators directly through reader coins. Additionally, writer coins will allow long-term support for creators’ entire body of work. The remix function will also be available, enabling users to publish responses linked to original content, fostering a collaborative discussion and revenue stream.
Both Mirror and Paragraph were designed as crypto-native alternatives to traditional content platforms, offering on-chain monetization, audience management, and self-custody of content. With the acquisition of Mirror, Paragraph aims to create a unified model for on-chain publishing. Denis Nazarov, the founder of Mirror, will continue to advise Paragraph during the transition process.
As Mirror closes its doors, Paragraph will become the consolidated platform for Web3 publishing. This move may signal a trend towards consolidation within the Web3 publishing space, as platforms seek to maintain active communities while streamlining infrastructure and features.
In conclusion, the absorption of Mirror by Paragraph marks a significant step in the evolution of Web3 publishing. With a focus on blockchain integrations and creator-first initiatives, Paragraph is poised to become a leading platform in the crypto-native content space. The future looks bright for writers and creators as they continue to explore the possibilities of on-chain publishing.