Web3 content veteran Mirror was acquired, explaining its transformation process and new social product Kiosk
Original | Odaily Planet Daily
Author | Nanzhi
On May 2, Web3 content publishing platform Mirror announced that it was acquired by Paragraph. The Mirror team will continue to operate independently and will shift its focus to developing Kiosk, a Web3 social application based on Farcaster. Mirror's parent company Reflective Technologies Inc. revealed that it has raised $10 million from Electric Capital, with additional support from a16z crypto, Union Square Ventures and Variant.
Mirror started internal testing in 2021 and quickly became an important creation platform and tool in the Web3 field. However, due to factors such as positioning, development path, and products, its market share has declined rapidly. The most important official content and creator platform is Medium, and Paragraph, as Mirror's main competitor in the Web3 creator field, has also successfully completed its acquisition. Odaily Planet Daily will interpret the past and present of Mirror and its latest product Kiosk in this article.