• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Market Cap
  • Shop
What's Hot

What’s the Real Difference for Beginners?

2025-05-24

What Is Circulating Supply in Crypto? A Beginner’s Guide to Token Supply

2025-05-23

What Is a DEX? How DEXs Work and Why They Matter

2025-05-21
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
Twitter Instagram YouTube
Crypto Semantic
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of January 28

    2025-02-03

    Op-Ed: The Artist and the Artificial Sublime

    2025-01-20

    Zora launches onchain NFT secondary markets with Uniswap

    2024-08-12

    NFT sales surge led by DMarket on Ethereum

    2024-08-12

    Top NFT Collections by Sales This Week: DMarket Surges Ahead

    2024-08-11
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Analyst Says Momentum Is Going To Switch to Ethereum, Predicts Capital Rotation to Altcoins

    2024-02-20

    Bitcoin Price Rally In Jeopardy? Decoding Key Hurdles To More Upsides

    2024-02-19

    Arweave’s AR token hits 18-month high amid rapid growth and innovation

    2024-02-19

    Largest Bitcoin Whales Gobble Up Nearly $13,000,000,000 Worth of BTC in 2024 Alone: Santiment

    2024-02-19

    NEAR Skyrockets 30% – Investors Intrigued By These Metrics

    2024-02-19
  • Learn

    What’s the Real Difference for Beginners?

    2025-05-24

    What Is Circulating Supply in Crypto? A Beginner’s Guide to Token Supply

    2025-05-23

    What Is a DEX? How DEXs Work and Why They Matter

    2025-05-21

    What Is Blockchain? Blockchain Technology Explained for Beginners

    2025-05-21

    A Beginner’s Guide to Blockchain Consensus

    2025-05-16
  • Market Cap
  • Shop
Crypto Semantic
Home»Blockchain»Web3 Publishing Platform Mirror Sells to Paragraph, Pivots to Social App ‘Kiosk’
Blockchain

Web3 Publishing Platform Mirror Sells to Paragraph, Pivots to Social App ‘Kiosk’

2024-05-02Updated:2024-05-04No Comments5 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Web3 publishing app Mirror is being acquired by Paragraph, a competing platform.

Mirror’s staff will proceed to function independently and can shift its focus to creating “Kiosk,” a Web3 social app based mostly on Farcaster that blends blockchain and e-commerce.

Mirror and Paragraph will finally merge right into a single, unified product suite based on Paragraph’s founder.

Paragraph, the corporate behind a set of blockchain-based publishing instruments, has acquired Mirror, its largest competitor within the Web3 creator house.

The Mirror staff will proceed to function as a separate firm however is pivoting to focus solely on Web3 social media. The staff’s essential undertaking post-mirror will likely be “Kiosk,” a Twitter-like micro-blogging platform based mostly on the Farcaster protocol.

Mirror was one of many breakout stars of blockchain’s foray into the creator economic system. The platform launched in 2020 and affords writers the flexibility to monetize their work by minting particular person articles as NFTs. It was designed as a extra decentralized and censorship-resistant different to Web2 publishing instruments like Medium.

Paragraph was launched in 2022 with related performance to Mirror, but it surely was extra akin to Substack, specializing in newsletters and different publications slightly than one-off articles.

Paragraph founder Colin Armstrong says that his product differed from Mirror, no less than initially, in that it tried to enchantment extra to a Web2 viewers. Armstrong, who has written for tech publications along with working as an engineer at Google and Coinbase, says he additionally targeted his product extra on referral applications and different options to assist authors widen their distribution. Mirror, in the meantime, managed to develop a stronger model and design language, mentioned Armstrong.

See also  South Korean firm Com2uS to develop web3 games on Oasys blockchain

In the end, Mirror and Paragraph “have advanced after which ended up considerably in an analogous place,” mentioned the Paragraph founder. “I believe for customers it is usually not a transparent alternative, which one to go along with.”

Mirror, in the meantime, has shifted a lot of its focus to Kiosk, its Web3 social platform.

“The imaginative and prescient for Kiosk is to be the synthesis of social and commerce,” mentioned Mirror founder Denis Nazarov. Nazarov will stay as an “advisor” to Paragraph, however he and the remainder of his staff have bought the product in order that they’ll focus extra on their new platform.

Armstrong says Paragraph’s consumer base is “considerably smaller” than Mirror’s, and his three-person staff is half the scale of Mirror’s six-person operation. Neither staff disclosed the phrases of the acquisition, however Armstrong says the plan was proposed by Union Sq. Ventures, an investor in each firms.

“Everybody could be very with the result. Mirror will get to pursue their new product, and the Mirror product will get to proceed beneath somebody who’s absolutely devoted to publishing,” mentioned Armstrong. “Clearly, it is nice for us as a result of it elevates our consumer base and merchandise to a pretty big diploma.”

In accordance with Armstrong, Mirror and Paragraph will finally be merged right into a single, streamlined product.

“We wish to mix the merchandise sooner or later, however within the brief to medium time period we’re simply going to be chatting with the highest creators on each merchandise simply to find out what individuals love on every,” he mentioned.

See also  Zeta Markets Unveils ZX, A Game-Changing Layer 2 Solution for Solana Derivatives

Welcome, Kiosk

Kiosk is the Mirror staff’s try to infuse blockchains and e-commerce extra deeply into social media.

It’s technically a “shopper” for accessing Farcaster, which is an X-like app constructed on Ethereum. Purchasers like Kiosk act like distinctive lenses for viewing Farcaster’s underlying information; Along with offering extra wealthy views of Farcaster content material, purchasers can imbue additional performance and use-cases into the protocol.

“There’s this potential for an expertise the place you not solely see what individuals are saying, what they’re liking and who they’re following – but in addition what belongings they’re shopping for,” mentioned Nazarov. “We predict that the entire thought of asset possession and assortment isn’t just transactional, it is also social.”

Mirror boasted a sophisticated interface by crypto trade requirements when it first launched, and Nazarov says he plans to deliver an analogous design philosophy to Kiosk.

With Mirror, “we have been one of many first web3 merchandise that actually introduced sturdy product design, model, and go-to-market DNA – which I believe remains to be fairly uncommon within the ecosystem – mixed with a deep understanding of the potential of the know-how,” mentioned Nazarov. “We realized it is actually highly effective to mix a social container – so, telling a narrative – however then embedding this financial name to motion.”

Kiosk’s essential operate will likely be to make it simpler for customers to embed digital belongings immediately into their social media posts. One may think about a publish that references an NFT: Whereas a traditional tweet or Fb publish would simply comprise a jpeg picture representing the NFT, Kiosk would bake additional blockchain options immediately into the picture – equivalent to the flexibility to view the NFT’s blockchain handle, or a function to purchase it immediately through the publish.

See also  Gaming Engine Unity Taps MetaMask, Immutable X and Solana for Web3 Developer Tools

“I believe plenty of what held again crypto rising to the subsequent concentric circle of one million, 10 million customers, was UX,” mentioned Nazarov. UX stands for consumer expertise. “Seeing merchandise like Farcaster pioneer a cellular native expertise, we predict that there is this huge alternative for this unified social expertise that brings e-commerce natively to it.”

Source link

app Kiosk Mirror Paragraph Pivots Platform Publishing sells social Web3
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

ZachXBT reveals Coinbase users lost another $45M in a week to ongoing social engineering scams

2025-05-07

Coinbase users lose $46 million to social engineering scams in March

2025-03-28

Get a $50 Welcome Bonus when You Join Changelly’s Mobile App – Only This March!

2025-03-04

Safemoon executive pleads guilty in $200M fraud case as project pivots to memecoin strategy

2025-02-21
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Blockchain

Tether mints 1 billion of USDT on Ethereum to support chain swaps

2023-06-12

Altcoins Tether, the most important stablecoin issuer, has minted 1 billion USDT tokens on the…

Altcoins

Is The Bitcoin Dream Fading? Glassnode Data Reveals Newbies Facing Steep Losses

2023-09-21

Since its inception, Bitcoin, the preeminent cryptocurrency, has witnessed a number of market cycles, every…

Regulation

Nigeria SEC will support asset-backed tokens: Bloomberg

2023-05-02

What’s CryptoSlate Alpha?A web3 membership designed to empower you with cutting-edge insights and information. Study…

Subscribe to Updates

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Twitter Instagram
Popular Post

Justin Sun Offers 5% Reward for Hackers That Stole $8,000,000 From Crypto Exchange HTX

2023-09-27

Bitcoin Ordinals keep Ethereum NFTs on their heels with BRC-69

2023-07-10

Farcana (FAR) Price Prediction 2024 2025 2026 2027

2024-01-28

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
© 2025 cryptosemantic.com. Designed by ProdigitalX.

Type above and press Enter to search. Press Esc to cancel.

  • Kinza Babylon Staked BTCKinza Babylon Staked BTC(KBTC)$83,270.000.00%
  • Vested XORVested XOR(VXOR)$3,404.231,000.00%
  • ICPanda DAOICPanda DAO(PANDA)$0.003106-39.39%
  • bitcoinBitcoin(BTC)$108,706.00-0.52%
  • ethereumEthereum(ETH)$2,553.44-0.96%
  • tetherTether(USDT)$1.000.01%
  • rippleXRP(XRP)$2.35-0.52%
  • binancecoinBNB(BNB)$673.570.73%
  • solanaSolana(SOL)$176.10-1.37%
  • usd-coinUSDC(USDC)$1.000.00%
bitcoin
Bitcoin (BTC) $ 108,850.16
ethereum
Ethereum (ETH) $ 2,557.08
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.35
bnb
BNB (BNB) $ 674.53
solana
Solana (SOL) $ 176.47
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.227989
cardano
Cardano (ADA) $ 0.758313
tron
TRON (TRX) $ 0.272